Business
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 | B...
About this update from Fortuna Mining Corp.
[{"type":"text","content":"\n\n\nVANCOUVER, 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\n plant's expansion project to 1,800 tonnes per day (tpd) at the San Jose\n Mine in Oaxaca, Mexico has been completed on-time and on-budget. The\n plant expansion capital expenditure was US$9 million and the mill is\n now operational at 1,800 tpd.  Fortuna is on schedule to meet its\n annual production guidance of 4.5 million ounces of silver and 23,600\n ounces of gold or 5.9 million ounces of Ag Eq* in 2013.\n\n\nJorge A. Ganoza, President and CEO of Fortuna, commented, \"Once again,\n our project team did an exceptional job in delivering the construction\n and commissioning of the mill expansion on-time and on-budget. The\n processing plant's milling capacity has been increased by 57 percent\n from 1,150 to 1,800 tpd.  Moving forward, our focus at San Jose is to\n incorporate the high-grade Trinidad North discovery into our production\n plans by the first quarter of 2015.\"\n\n\n(*) Ag Eq calculated using Ag = US$23.11/oz and Au = US$1,413.65/oz\n\n\n\n\n\nFortuna Silver Mines Inc.\n\n\nFortuna is a growth oriented, silver and base metal producer focused on\n mining opportunities in Latin America.  Our primary assets are the\n Caylloma silver mine in southern Peru and the San Jose silver-gold mine\n in Mexico.  The company is selectively pursuing additional acquisition\n opportunities.  For more information, please visit our website at www.fortunasilver.com.\n\n\nON BEHALF OF THE BOARD\n\n\nJorge A. Ganoza\nPresident, CEO and Director\nFortuna Silver Mines Inc.\n\n\nTrading symbols: NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F\n\n\nForward-Looking Statements\n\n \n\nThis news release contains forward-looking statements which constitute\n \"forward-looking information\" within the meaning of applicable Canadian\n securities legislation and \"forward-looking statements\" within the\n meaning of the \"safe harbor\" provisions of the Private Securities\n Litigation Reform Act of 1995.  Forward-looking statements are\n statements that are not historical facts and that are subject to a\n variety of risks and uncertainties which could cause actual events or\n results to differ materially from those reflecte...