Fortuna reports heavy seasonal rains caused an overflow in a contingency pond of the dry stack tailings facility at the San J...
11 Octubre 2018 - 9:46AM
Fortuna reports heavy seasonal rains caused an overflow in a
contingency pond of the dry stack tailings facility at the San Jose
Mine, Mexico
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI)
reports that in the early morning of October 8th, abnormally high
rainfall caused a contingency pond to overflow at the dry stack
tailings facility at the San Jose mine located in Oaxaca, Mexico.
The contingency pond collects water from a ditch system at the dry
stack facility designed to capture and manage rain water. The
Company wants to emphasize that no industrial process water was
discharged in this incident and that the San Jose operation uses a
cyanide-free process to produce concentrate.
The dry stack contingency pond’s holding
capacity is 7,000 cubic meters and it is equipped with a 600 cubic
meter per hour pumping capacity that was surpassed by the volume of
rain fall. The overflow occurred for about two hours at
approximately 4:00 am and resulted in the spill of approximately
1,500 cubic meters of water carrying sediment and minor amounts of
fine tailings from the facility’s drainage system into the nearby
Coyote Creek. The Company is mitigating the risk of future
overflows by immediately increasing its pumping capacity at the
contingency pond. No damage has occurred to the tailings dam
or to the dry stack infrastructure and both are fully operational.
San Jose tailings are monitored and sampled continuously, are free
of heavy metals or other contaminants, and are characterized as
sterile.
Officials at the Procuraduría Federal de
Protección al Ambiente (PROFEPA) were notified of the overflow on
the day of the incident. The Company is currently working with
federal, state and local authorities as they conduct inspections of
our facilities at San Jose and the Coyote Creek.
About Fortuna
Silver Mines Inc.
Fortuna is a growth oriented, precious metals
producer focused on mining opportunities in Latin America.
Our primary assets are the Caylloma silver Mine in southern
Peru, the San Jose silver-gold Mine in Mexico and the Lindero gold
Project in Argentina. The company is selectively pursuing
acquisition opportunities throughout the Americas and in select
other areas. For more information, please visit our website
at www.fortunasilver.com.
ON BEHALF OF THE BOARD
Jorge A. Ganoza President, CEO and
DirectorFortuna Silver Mines Inc.
Trading symbols: NYSE: FSM | TSX: FVI
Investor Relations:
Carlos BacaT (Peru): +51.1.616.6060, ext. 0
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 plans for its mines and mineral properties; the
Company’s business strategy, plans and outlook; the merit of the
Company’s mines and mineral properties; mineral resource and
reserve estimates; timelines; 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”, “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; 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;
governmental and other approvals; political unrest or instability
in countries where Fortuna is active; 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 expectations regarding
mine production costs; expected trends in mineral prices and
currency exchange rates; 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 all required
approvals will be obtained; 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 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.