FORTUNA SILVER MINES (FVI)

Seccion de las principales mineras Peruanas incluidas las juniors y proyectos.

FORTUNA SILVER MINES (FVI)

Notapor alexander_7531 » Dom Abr 19, 2015 12:22 pm

Fortuna reports production of 1.6 million ounces of silver and 9,739 ounces of gold
for first quarter 2015


Vancouver, April 13, 2015-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to
announce first quarter 2015 production figures from its two operating mines in Latin America,
the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.6
million ounces of silver, 9,739 ounces of gold plus base metal by-products. Fortuna is on
schedule to produce 6.5 million ounces of silver and 35.3 thousand ounces of gold or 8.6 million
Ag Eq* ounces in 2015.

Jorge A. Ganoza, President and CEO, commented: “Production for the quarter has been in line
with our budgets and guidance. With respect to first quarter of last year our production increased
as a result of the expansion of the San Jose Mine from 1,800 to 2,000 tonnes per day, which took
place in April 2014.” Mr. Ganoza continued, “Work on the third expansion of the San Jose Mine
to 3,000 tonnes per day is moving as planned with detail engineering and purchase orders for
major equipment well advanced. We plan to commission midyear 2016. At the new rate
Fortuna will target a consolidated annual production of approximately nine million ounces of
silver and fifty-five thousand ounces of gold.”

First Quarter Production Highlights

 Silver production of 1,633,169 ounces; 6 % increase over Q1 2014
 Gold production of 9,739 ounces; 19 % increase over Q1 2014
 Lead production of 4,346,380 pounds; 12 % increase over Q1 2014
 Zinc production of 7,533,714 pounds; 15 % increase over Q1 2014
 Cash cost** for San Jose is US$59.8/t; on track to meet annual guidance of US$62.7/t
 Cash cost** for Caylloma is US$84.0/t; on track to meet annual guidance of US$90.3/t
(*) Ag Eq calculated using silver to gold ratio of 60 to 1
(**) Preliminary estimates of cash operating costs per tonne, subject to modification on final cost consolidation

Consolidated Operating Highlights:

First Quarter 2015 First Quarter 2014
Caylloma,
Peru
San Jose,
Mexico
Consolidated Caylloma,
Peru
San Jose,
Mexico
Consolidated
Processed Ore
Tonnes milled 114,451 178,647 114,115 150,708
Average tpd milled 1,301 2,053 1,297 1,748
Silver*
Grade (g/t) 171 215 174 229
Recovery (%) 85.28 88.68 84.80 89.74
Production (oz) 535,959 1,097,210 1,633,169 539,824 997,035 1,536,859
(*) Metallurgical recovery for silver at Caylloma Mine is calculated based on silver contents in lead concentrate
-2-
First Quarter 2015 First Quarter 2014
Caylloma,
Peru
San Jose,
Mexico Consolidated
Caylloma,
Peru
San Jose,
Mexico Consolidated
Gold
Grade (g/t) 0.28 1.83 0.32 1.74
Recovery (%) 35.81 89.08 44.40 90.29
Production (oz) 372 9,367 9,739 524 7,627 8,150
Lead
Grade (%) 1.86 1.66
Recovery (%) 92.69 92.96
Production (lbs) 4,346,380 4,346,380 3,892,624 3,892,624
Zinc
Grade (%) 3.30 2.87
Recovery (%) 90.58 90.49
Production (lbs) 7,533,714 7,533,714 6,529,041 6,529,041

San Jose Mine, Mexico

Silver and gold productions for the first quarter were 2 % and 7 % above budget respectively.
Average head grades for silver and gold were 215 g/t and 1.83 g/t or 1 % below and 3 % above
budget respectively. Metallurgical recoveries for silver and gold were 88.68 % and 89.08 % in
line with budget for both.

Caylloma Mine, Peru

Silver production for the first quarter was 1 % below budget and silver average head grade was
171 g/t or 2 % below plan. Metallurgical recovery for silver was 85.28 % or 1 % above budget.

Qualified Person

Boris G. Caro, is an technical consultant and a Qualified Person for Fortuna Silver Mines Inc. as
defined by National Instrument 43-101. Mr. Caro is a Member of Australasian Institute of
Mining and Metallurgy (Membership Number 305462) and a Registered Member of the Chilean
Mining Commission (Comisión Calificadora de Competencias en Recursos y Reservas Mineras,
Registered Member Number 0229) and is responsible for ensuring that the information contained
in this news release is an accurate summary of the original reports and data provided to or
developed by Fortuna Silver Mines.

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 acquisition opportunities
throughout the Americas. For more information, please visit our website at
www.fortunasilver.com.
-3-
ON BEHALF OF THE BOARD
Jorge A. Ganoza
President, CEO and Director
Fortuna Silver Mines Inc.
Trading symbols: NYSE: FSM | TSX: FVI
Investor Relations:
Carlos Baca- T (Peru): +51.1.616.6060, ext. 0
alexander_7531
 
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