Fortuna Silver Mines Inc (FSM)

[Pro-Life]

Fortuna Silver Mines On Track To Meet Production Guidance For 2015
Thursday October 15, 2015 10:51

http://www.kitco.com/news/2015-10-15/Fortuna-Silver-Mines-On-Track-To-Meet-Production-Guidance-For-2015.html

Fortuna Silver Mines Inc. (TSX: FVI; NYSE: FSM) lists third-quarter production from its two mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru, of 1.7 million ounces of silver and 10,963 ounces of gold. The silver output is a 4% year-on-year decline, while the gold production is up 12% year-on-year. The company also lists higher output of base metals as a by-product. Lead production was 6,356,875 pounds for a 51% increase over the year-ago period, while zinc production rose 42% to 10,121,511 pounds. Silver and gold production for the first nine months totals 5 million ounces and 29,734 ounces, respectively, reflecting 77% and 84% of the company's annual guidance. "We continue on target to meet our annual consolidated production guidance,” says Jorge A. Ganoza, president and chief executive officer. “The expansion of our San Jose Mine continues on schedule for commissioning in mid-2016. Once at 3,000 tpd (tones per day), San Jose is planned to operate at an all-in sustaining cash cost of $7-8, net of by-product gold, and will rank among the 13 largest primary silver mines in the world."

By Allen Sykora of Kitco News; [e-mail]