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Fortuna Silver Mines Inc. (fka FVITF) RSS Feed

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FSM                                   http://www.fortunasilver.com/s/home.asp                                    FVI.TO



About Fortuna

Latin American Expertise
Fortuna's key strength is industry expertise in Latin America. Management's knowledge of regional mining, business practices, exploration, geology and regulatory environments has allowed Fortuna to identify and seize opportunities within the region. We are aggressively pursuing and evaluating further accretive acquisitions throughout the Americas.

Two Key Assets
The 100%-owned Caylloma silver-zinc-lead mine lies within the mineral-rich Caylloma Mining District in the southern highlands of Arequipa, Peru. It is a high grade epithermal vein system with significant untested potential within its over 12,000 hectare land package. Fortuna operates the mine at over 1,000 tpd and is working on the permitting to further increase throughput to 1,500 tpd. Exploration activities include testing of high grade silver and base metal targets within the Caylloma Mining District and evaluation of surrounding properties to identify opportunities warranting more advanced exploration and development.

The 100% owned San Jose silver-gold project is a low sulphidation epithermal system located within the Taviche Mining District located in southern Oaxaca, Mexico. A 33,000 meter in-fill drill program has just been completed in the Trinidad Area of the San Jose Project and the Company expects to release a new 43 -- 101 compliant resource estimation by the end of second quarter of 2009. Currently, Indicated Resources are 17.7 M ounces of silver equivalent with 262 g/t Ag + 2.2 g/t Au and Inferred Resources are 49.1 M ounces of silver equivalent with 260 g/t Ag + 2.6 g/t Au. Management expects to bring a construction decision to the Board of Directors by the end of third quarter of 2009, start construction in 2010 and production in 2011. Once San Jose enters production, Fortuna will deliver approximately 5 million ounces of silver equivalent per year.

Rapid Growth
Fortuna is a growth oriented silver and base metal producer focused on mining opportunities in Latin America. We acquired both Caylloma and San Jose in late 2005. Caylloma was ramped up from 500 tpd to over 1,000 tpd by July of 2008 and management is fast tracking the Trinidad Zone into a mine at the San Jose Project. At Fortuna, we are aggressively pursuing additional accretive acquisition opportunities.



Vision

To be valued as a leading silver mining company centered on developing natural resources in Latin America; operating with a commitment to profitability, growth, high standards and well being of our workers, neighboring communities and the environment.

Mission

To maximize shareholder value through the rational acquisition, exploration, development and mining of silver in Latin America with a commitment to sustainable growth of geologic silver resources and annual metal production.

To promote a stimulating work environment of high-standards and best-practices which fosters respect, team work, social and environmental responsibility.

Values

The foundations of our company are:
 

Respect

Loyalty

Duty



FAQ Section

         

Press Center w/News, Photos and Links

http://www.fortunasilver.com/s/FAQ.asp   http://www.fortunasilver.com/s/Press.asp


Management Profile

         

Board of Directors

http://www.fortunasilver.com/s/Management.asp   http://www.fortunasilver.com/s/Directors.asp


 

Production and Development

Fortuna Silver Mines Inc. was created in 2004 with a mandate to acquire advanced silver exploration projects and/or producing silver mines in Latin America. In 2005, we acquired the Caylloma silver-lead-zinc Mine in Arequipa, Peru and in 2006, 76% of the San Jose silver-gold Project in Oaxaca, Mexico. In August 2008, Fortuna and Continuum Resources Ltd. announced an agreement whereby Fortuna would acquire all of the issued and outstanding securities of Continuum. In January of 2009, the acquisition was completed and Fortuna now owns 100% of the San Jose Project.

Peru
Peru has always been recognized as an important mining country in Latin America. A country with a lot of opportunities and resources but with a past history that did not attract foreign investment. Before 1990, the industry was technologically challenged and depended on private financing to develop projects or further expand existing operations. It was not until the defeat of terrorist organizations and the stabilization of the political arena that Peru's mining industry turned tables. Today, Peru is seen as a country with immense mining potential. A country were most, if not all, major producing mining companies have presence.

In 2007, Peru was the world's first silver producer with 3,494 MT (16.58 % of world's production), the fifth gold producer with 170.13 TM (6.8 % of world's production), the third zinc producer with 1,444,354 MT (14.28 % of world's production), the fourth lead producer with 329,154 MT (9.29 % of world's production) and the third copper producer with 1,190,281 MT (7.62 % of world's production).

Please refer to the links below to find out about Peru and its mining scene.

Mexico
Mexico's mining history dates back to before the arrival of the Spanish conquistadores. Nevertheless, domestic instability, low metal prices and restrictions on foreign investment hindered the development of a competitive mining industry. Hence, mining activities were undertaken by large local mining conglomerates and small miners.

The increase in demand for commodities and precious metals has revolutionized Mexican mining. The Fraser Institute has rated Mexico as a country with great geological potential and more than two hundred and fifty international companies have presence in the country.

In 2007, Mexico was the world's second silver producer with 2,300 MT and the twelfth copper producer with 323,000 MT.

Please refer to the links below to find out about Mexico and its mining scene:



Investor Relations

         

Contact Us

http://www.fortunasilver.com/s/StockInfo.asp   http://www.fortunasilver.com/s/ContactUs.asp


Daily View

Weekly View

Point & Figure Chart

 

SILVER IN DEPTH

Silver links from LinksMine - InfoMine's Library of Mining Web Sites

Site Listings

  • Silver Price - (The Silver Institute)
  • Zinc, Lead, Silver Report - (Australian Atlas of Mineral Resources, Mines & Processing Centres) Resources, reserves, exploration, production, industry developments
  • Silver Fact Sheet - (Australian Atlas of Mineral Resources, Mines & Processing Centres) Occurence, resources, deposits, mining and processing, uses

Associations

Exploration

History

Investment

Publications


  • Please boardmark us if this i-Message is helpful... Thanks in advance!!!

 

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