Fortuna Silver Mines Inc. reports that a group of individuals led by the former mayor of San José del Progreso, in the state of Oaxaca in Mexico, has illegally blockaded Federal Highway 175 and roads in the municipality of San José del Progreso, including access to the San Jose Mine, to protest the action taken by the Electoral Tribunal of the State of Oaxaca in revoking his appointment as mayor. As a result [...]
Fortuna Silver Mines Inc. announces that in the evening of March 19, 2020, the Government of Argentina declared effective at midnight a period of mandatory national “social isolation” in relation to COVID-19, effective until March 31, 2020. The Company is proceeding to orderly and safely demobilize its workforce at the Lindero gold Project in Salta Province, Argentina, in accordance with the Executive Order and the [...]
Fortuna Silver Mines Inc. reports today that it has been closely monitoring the effects of the spread of the coronavirus respiratory disease , particularly in the jurisdictions that host our mining operations. The rapid worldwide spread of COVID-19 is prompting governments to incrementally implement restrictive measures in an attempt to curb?the spread of COVID-19.? During this period of uncertainty, our priorities are to [...]
Fortuna Silver Mines Inc. today reported full year 2019 net income of $23.8 million, adjusted net income of $28.4 million, and adjusted EBITDA of $95.4 million. Jorge A. Ganoza, President and CEO, commented, “Our production results and cost execution were in-line with our guidance for 2019 generating a strong EBITDA margin of 37% and free cash flow from ongoing operations of $35 million.” Mr. Ganoza added, “Construction [...]
Fortuna Silver Mines Inc. is pleased to provide an update on the status of the legal proceedings related to a disputed royalty on one of its extracting mining concessions at the San Jose Mine, located in Oaxaca, Mexico. In early February 2020, the Company initiated legal proceedings against the Dirección General de Minas to contest the procedure taken by the DGM to cancel one of its mining concessions if the [...]
Fortuna Silver Mines Inc. announces that it will release its financial statements and MD&A for the fourth quarter and full year 2019 on Wednesday, March 11, 2020 after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, March 12, 2020 at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, and Luis D [...]
Fortuna Silver Mines Inc. is pleased to provide 2020 production, cost, and capital expenditures guidance for its mining operations in Latin America. 2020 Consolidated Production and Cash Cost Guidance Mine Silver Gold Lead Zinc Cash Cost AISC1 Silver San Jose, Mexico 6.6 - 7.3 41 - 45 -- -- 65.6 - 72.5 9.6 - 11.7 Caylloma, Peru 0.9 - 1.0 -- 27.2 - 30.1 44.0 - 48.6 81.4 - 89.9 14.8 - 18.1 Gold Lindero2,3, Argentina -- 60 [...]
Fortuna Silver Mines Inc. is pleased to provide an update on construction, pre-commissioning and commissioning activities at its 100 percent owned Lindero gold Project located in the Province of Salta, Argentina. Construction progress in December and January was delayed due to a shortfall in contractor personnel; however, the Project continues to advance and is now scheduled to transition from construction and [...]
Fortuna Silver Mines Inc. is providing an update on the status of a disputed royalty on one of its extracting mining concessions at the San Jose mine, located in Oaxaca, Mexico. In 2017 the Mexican Geological Service advised the Company that a previous owner of one of the Company’s mineral concessions at the San Jose mine had granted the SGM a royalty of 3% of the billing value of minerals obtained from the concession [...]
Fortuna Silver Mines Inc. is pleased to announce fourth quarter and full year 2019 production figures from its two underground operating mines, the San Jose Mine in Mexico and the Caylloma Mine in Peru. For the full year 2019, the Company produced 8.8 million ounces of silver and 50.5 thousand ounces of gold or 12.4 million silver equivalent1 ounces. 2019 Consolidated Production Highlights Silver and gold production was [...]
Fortuna Silver Mines Inc. is pleased to report pre-production mining reconciliation results at the Lindero Mine located in the Province of Salta, Argentina. In the fourth quarter of 2019, an estimated 452,000 tonnes of mineralized material was stockpiled averaging 0.58 g/t Au containing 8,400 ounces of gold, representing 12 percent more gold ounces than was predicted in the reserve block model. The operation also [...]
Fortuna Silver Mines Inc. is pleased to provide an update on construction, pre-commissioning and commissioning activities at its 100 percent owned Lindero gold Project located in the Province of Salta, Argentina. Jorge A. Ganoza, President, CEO and Director, commented, “Minor delays and unavailability of vendors due to holidays thwarted our best efforts to place ore on the leach pad prior to year end [...]
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