VANCOUVER,
Sept. 23, 2013 /CNW/ - Fortuna
Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI |
Frankfurt: F4S.F) announced today
that construction and commissioning of the processing plant's
expansion project to 1,800 tonnes per day (tpd) at the San Jose Mine in Oaxaca, Mexico has been completed on-time and
on-budget. The plant expansion capital expenditure was US$9 million and the mill is now operational at
1,800 tpd. Fortuna is on schedule to meet its annual
production guidance of 4.5 million ounces of silver and 23,600
ounces of gold or 5.9 million ounces of Ag Eq* in 2013.
Jorge A. Ganoza,
President and CEO of Fortuna, commented, "Once again, our project
team did an exceptional job in delivering the construction and
commissioning of the mill expansion on-time and on-budget. The
processing plant's milling capacity has been increased by 57
percent from 1,150 to 1,800 tpd. Moving forward, our focus at
San Jose is to incorporate the
high-grade Trinidad North discovery
into our production plans by the first quarter of 2015."
(*) Ag Eq calculated using Ag = US$23.11/oz and Au =
US$1,413.65/oz |
Fortuna Silver Mines Inc.
Fortuna is a growth oriented, silver and base
metal producer focused on mining opportunities in Latin America. Our primary assets are
the Caylloma silver mine in southern Peru and the San
Jose silver-gold mine in Mexico. The company is selectively
pursuing additional acquisition opportunities. For more
information, please visit our website at www.fortunasilver.com.
ON BEHALF OF THE BOARD
Jorge A. Ganoza
President, CEO and Director
Fortuna Silver Mines Inc.
Trading symbols: NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F
Forward-Looking Statements |
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This news release contains forward-looking statements which
constitute "forward-looking information" within the meaning of
applicable Canadian securities legislation and "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that are not historical
facts and that are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially
from those reflected in the forward-looking statements. When
used in this document, the words such as "anticipates", "believes",
"plans", "estimates", "expects", "forecasts", "targets", "intends",
"advance", "projects", "calculates" and similar expressions are
forward-looking statements. |
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The forward-looking statements are based on an assumed set
of economic conditions and courses of actions, including estimates
of future production levels, expectations regarding mine production
costs, expected trends in mineral prices and statements that
describe Fortuna's future plans, objectives or goals. There is a
significant risk that actual results will vary, perhaps materially,
from results projected depending on such factors as changes in
general economic conditions and financial markets, changes in
prices for silver and other metals, technological and operational
hazards in Fortuna's mining and mine development activities, risks
inherent in mineral exploration, uncertainties inherent in
the estimation of mineral reserves, mineral resources, and metal
recoveries, the timing and availability of financing, governmental
and other approvals, political unrest or instability in countries
where Fortuna is active, labor relations and other risk
factors. |
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Although Fortuna has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking statements or information, there may
be other factors that cause results to be materially different from
those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements or
information will prove to be accurate as actual results and future
events could differ materially from those anticipated in such
statements or information. Accordingly, readers should not place
undue reliance on forward-looking statements or
information.
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SOURCE Fortuna Silver Mines Inc.