Fortuna completes 1,800 tpd mill expansion on-time and on-budget at the San Jose Mine, Mexico

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.