Market Overview

Fortuna Announces Record Gold and Silver Production Figures

Fortuna Silver Mines, Inc. (NYSE: FSM) is pleased to announce 2012 record silver and gold production figures
from its San Jose mine located in Mexico and Caylloma mine located in
Peru.

The company's mining operations performed strongly in 2012 delivering
our sixth consecutive year of silver and gold production growth and
sustained low cash cost per silver ounce. For 2013, Fortuna is
scheduled to produce 4.4 million ounces of silver and 23,300 ounces of
gold or 5.7 million Ag Eq ounces plus significant base metal credits.

Jorge A. Ganoza, President and CEO, commented: "2012 has been our sixth
year of continued record silver and gold production growth highlighted
by the first year anniversary of successful commercial operations at
our San Jose mine.  For 2013, we continue to project sustained low cost
silver and gold production expansion driven by the San Jose ramp-up to
be commissioned in early Q3 2013. Fortuna´s strategic objective is to
target an annual production rate of 14 million silver and gold
equivalent ounces by 2016 while maintaining cash costs at its
operations below industry average."

2012 Consolidated Production Highlights

Silver and gold production was 8% and 19% above

See full press release

Posted-In: News Guidance Management Global

 

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