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Fortuna reports 1,074,007 ounces of Ag and 5,183 ounces of Au for second quarter 2013
VANCOUVER , July 11, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: ...
About this update from Fortuna Mining Corp.
[{"type":"text","content":"\n\n\nVANCOUVER, July 11, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F ) today announces production figures from its two operating mines in Latin\n America, the San Jose mine in Mexico and the Caylloma mine in Peru.  In\n the second quarter of 2013, the company delivered 1,074,007 ounces of\n silver, 5,183 ounces of gold and significant base metal by-product. \n Silver and gold production for the first six months of the year totaled\n 2,066,225 and 9,675 ounces respectively.  Silver production was 6 %\n above budget while gold production was in line with plan (see Fortuna news release dated June 18, 2013).  Fortuna is on schedule to produce 4.5 million ounces of silver and\n 23,600 ounces of gold or 5.9 million ounces of Ag Eq* in 2013.\n\n\nJorge A. Ganoza, President and CEO, commented: \"We are pleased with\n production results for the quarter which are in line with budget.  Our\n team at Caylloma has done an excellent job in implementing initiatives\n to improve silver recovery resulting in 83.34 % for the month of June. \n Management is working on implementing cost and capital reduction\n measures.  Details will be given in the earnings call next month.\"\n\n\nSecond Quarter Production Highlights\n\n\n\nSilver production of 1,074,007 ounces; 8 % increase over Q2 2012\n\n\nGold production of 5,183 ounces; 11 % decrease over Q2 2012\n\n\nLead production of 4,666,444 pounds; 15 % increase over Q2 2012\n\n\nZinc production of 6,131,316 pounds; 15 % increase over Q2 2012\n\n\nCash cost for the San Jose mine of US$77.18/t; 1 % below guidance of\n US$78/t\n\n\nCash cost for the Caylloma mine of US$93.34/t; 4 % below guidance of\n US$97/t\n\n\n\nConsolidated Operating Highlights:\n\n\n\n\n\n\n \n\n\nSecond Quarter 2013\n\n\nSecond Quarter 2012\n\n\n\n\n \n\n\nCaylloma,\nPeru\n\n\nSan Jose,\nMexico\n\n\nConsolidated\n\n\nCaylloma,\nPeru\n\n\nSan Jose,\nMexico\n\n\nConsolidated\n\n\n\n\nProcessed Ore\n\n\n   \n\n\n\n\nTonnes milled (t)\n\n\n113,906\n\n\n102,264\n\n\n \n\n\n115,870\n\n\n92,011\n\n\n \n\n\n\n\nAverage tpd milled\n\n\n1,280\n\n\n1,147\n\n\n \n\n\n1,302\n\n\n1,046\n\n\n \n\n\n\n\nSilver**\n\n\n   \n\n\n\n\nGrade (g/t)\n\n\n167\n\n\n199\n\n\n \n\n\n181\n\n\n187\n\n\n \n\n\n\n\nRecover...