Resource News

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports that its Yaramoko gold Mine located in Burkina Faso, its workforce and associated supply chains have not been affected by the current political situation and its operations continue as normal.

The Company continues to monitor the situation and will provide updates as and when required.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and a fifth mine under construction in Côte d'Ivoire. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website .

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:
Carlos Baca | info@fortunasilver.com


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First Majestic Announces Voting Results from Annual General & Special Meeting

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) ("First Majestic" or the "Company") is pleased to announce the voting results for its annual general and special meeting held on May 26, 2022.

A total of 125,762,791 shares were represented at the meeting, being 48.09% of the Company's issued and outstanding common shares. Shareholders approved all matters brought before the meeting as follows:

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SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF US$0.0125 PER SHARE

Trading Symbol TSX: SVM
NYSE AMERICAN: SVM

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Trading Symbol TSX: SVM
NYSE AMERICAN: SVM

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TSX: SIL | NYSE American: SILV

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that Ausenco Engineering Canada Inc. ("Ausenco") has completed construction and handed over the Las Chispas processing plant to SilverCrest, ahead of the Feasibility Study* schedule. Other construction activities handled directly by SilverCrest (road, bridge, dry stack tailings facility, temporary diesel power plant and assay lab) have also been completed.

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First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the "Company" or "First Majestic") is pleased to announce that it has entered into a definitive agreement dated May 24, 2022 to sell its 100% owned past producing La Guitarra Silver Mine located in the Temascaltepec mining district, Mexico State to Sierra Madre Gold & Silver Ltd. ("Sierra Madre") (SM: TSX.V) for total consideration of US$35 million (the "Transaction"). It is a condition to closing of the Transaction that Sierra Madre raise a minimum of CDN$10 million in a private placement concurrent with or prior to closing of the Transaction.

Total consideration consists of 69,063,076 Sierra Madre shares at a deemed price of $0.65 per Sierra Madre Share, having an aggregate value of US$35 million. Upon closing, First Majestic will also be granted a 2% net smelter return royalty ("NSR") on all mineral production from the La Guitarra concessions, with the NSR subject to a 1% buy-back option for US$2 million. The equity component of the consideration will be paid upon closing of the Transaction.

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