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
|
|
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.
|
|
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.
|
|
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.
|
SOURCE Fortuna Silver Mines Inc.
Investor Relations:
Carlos Baca- T (Lima): +51.1.616.6060, ext. 0
Copyright CNW Group 2013