Fortuna receives San Jose Mine environmental impact
authorization
Fortuna Silver Mines Inc. (NYSE: FSM)
(TSX: FVI) is pleased to announce that the Secretaría de
Medio Ambiente y Recursos Naturales (“SEMARNAT”) has granted a
twelve (12) year extension of the environmental impact
authorization (“EIA”) at the San Jose Mine, located in Oaxaca,
Mexico.
Fortuna appealed the decision of the authority
which denied the San Jose Mine EIA extension application (refer to
Fortuna news release dated November 11, 2021). After continued
dialogue and technical evaluation, SEMARNAT confirmed operations at
the San Jose Mine are conducted in accordance with all
environmental obligations under the EIA. Following confirmation of
compliance, SEMARNAT reassessed Fortuna’s application and granted
the extension on the existing EIA terms.
The San Jose Mine has been the subject of 13
environmental audits by Procuraduría Federal de Protección al
Ambiente (“PROFEPA”), most recently in early December 2021, and has
never been cited for pollution or environmental damage. The
operation sources its industrial water requirements from the
Ocotlán Sewage Treatment Plant and the capture and storage of
rainfall. The mine, the single largest employer in the region of
Valles Centrales, provides direct employment to over 1,200 people
which includes approximately 15 percent women. The Company has
sustainable development initiatives with various neighboring
communities and works with over 150 small local enterprises.
Fortuna continues to maintain transparent and constructive dialogue
with local stakeholders and authorities and operates adhering to
strict environmental standards.
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 DirectorFortuna Silver Mines Inc.
Investor Relations: Carlos Baca
| info@fortunasilver.com
Forward-looking Statements
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 (collectively, “Forward-looking Statements”). All
statements included herein, other than statements of historical
fact, are Forward-looking Statements and are subject to a variety
of known and unknown risks and uncertainties which could cause
actual events or results to differ materially from those reflected
in the Forward-looking Statements. The Forward-looking Statements
in this news release may include, without limitation, statements
about the Company’s business strategy, plans and outlook; the merit
of the Company’s mines and mineral properties; the future financial
or operating performance of the Company; expenditures; approvals
and other matters. Often, but not always, these Forward-looking
Statements can be identified by the use of words such as
“estimated”, “potential”, “open”, “future”, “assumed”, “projected”,
“used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”,
“will”, “anticipated”, “estimated” “containing”, “remaining”, “to
be”, or statements that events, “could” or “should” occur or be
achieved and similar expressions, including negative
variations.
Forward-looking Statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any results, performance or achievements
expressed or implied by the Forward-looking Statements. Such
uncertainties and factors include among others, changes in general
economic conditions and financial markets; the impact of the
COVID-19 pandemic on the Company’s mining operations and
construction activities; the duration and impacts of COVID-19 on
the Company’s production, workforce, business, operations and
financial condition, and the risks relating to a global pandemic,
which unless contained could cause a slowdown in global economic
growth; uncertainties related to the impacts of COVID-19 which may
include: changing market conditions, changing restrictions on the
mining industry in the countries in which the Company operates, the
ability to operate as a result of government imposed restrictions,
including restrictions on travel, the transportation of
concentrates and doré, access to refineries, the impact of
additional waves of the pandemic or increases of incidents of
COVID-19 in the countries in which we operate; the duration of any
suspension of operations at the Company’s mines as a result of
COVID-19 which may affect production and the Company’ business
operations and financial condition; the easing of travel
restrictions imposed in Argentina which were put in place to curb
the spread of COVID-19; changes in prices for gold, silver and
other metals; changes in the prices of key supplies; technological
and operational hazards in Fortuna’s mining and mine development
activities; risks inherent in mineral exploration; the ability of
the current exploration programs to identify and or expand mineral
resources, operational risks in exploration and development; delays
or changes in plans with respect to exploration or development
projects; uncertainties inherent in the estimation of mineral
reserves, mineral resources, and metal recoveries; changes to
current estimates of mineral reserves and resources; changes to
production and cost estimates; governmental and other approvals;
changes in government, political unrest or instability in countries
where Fortuna is active; fluctuations in currencies and exchange
rates; the imposition of capital control in countries in which the
Company operates; labor relations issues; as well as those factors
discussed under “Risk Factors” in the Company's Annual Information
Form. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in Forward-looking
Statements, there may be other factors that cause actions, events
or results to differ from those anticipated, estimated or
intended.
Forward-looking Statements contained herein are
based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to the accuracy of the
Company’s current mineral resource and reserve estimates; that the
Company’s activities will be in accordance with the Company’s
public statements and stated goals; that there will be no material
adverse change affecting the Company or its properties; that the
reconciliation of mineral reserves at the Company’s mines remains
consistent with the mineral reserve model; changes to production
estimates (which assume accuracy of projected ore grade, mining
rates, recovery timing, and recovery rate estimates and may be
impacted by unscheduled maintenance, labour and contractor
availability and other operating or technical difficulties); the
duration and impacts of COVID-19 on the Company’s production,
workforce, business, operations and financial condition, and the
risks relating to a global pandemic, which unless contained could
cause a slowdown in global economic growth; government mandates in
Peru, Mexico, Argentina, Burkina Faso and Côte d’Ivoire with
respect to mining operations generally or auxiliary businesses or
services required for the Company’s operations; government and the
Company’s attempts to reduce the spread of COVID-19 which may
affect many aspects of the Company’s operations, including
transportation of personnel to and from site, contractor and
supplier availability and the ability to sell or deliver
concentrate and doré; the expected trends in mineral prices and
currency exchange rates; that the Company’s activities will be in
accordance with the Company’s public statements and stated goals;
that there will be no material adverse change affecting the Company
or its properties; that all required approvals and permits will be
obtained for the Company’s business and operations; that there will
be no significant disruptions affecting operations and such other
assumptions as set out herein. Forward-looking Statements are made
as of the date hereof and the Company disclaims any obligation to
update any Forward-looking Statements, whether as a result of new
information, future events or results or otherwise, except as
required by law. There can be no assurance that these
Forward-looking Statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, investors should not
place undue reliance on Forward-looking Statements.
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