Fortuna reports 992,218 ounces of Ag and 4,492 ounces of Au for first quarter 2013

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 17, 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 first quarter of 2013, the company delivered 992,218 ounces of\n silver, 4,492 ounces of gold, 4.6 million pounds of lead and 5.9\n million pounds of zinc. Fortuna is on schedule to produce 4.4 million\n ounces of silver and 23,300 ounces of gold or 5.7 million Ag Eq ounces\n in 2013.\n\n\nJorge A. Ganoza, President and CEO, commented: \"2013 is the first year\n our company has provided cost guidance and we are satisfied cash costs\n for the first quarter are in line with our projections.  We will start\n to see quarterly silver and gold production growth starting in the\n third quarter as we commission the expansion of the San Jose mine from\n 1,000 tpd to 1,500 tpd. This project is advancing on time and on\n budget. \"\n\n\nFirst Quarter Production Highlights\n\n\nSilver production of 992,218 ounces;  4% increase over Q1 2012\n\n\nGold production of 4,492 ounces; 13% decrease over Q1 2012\n\n\nLead production of 4,614,274.68 pounds; 4% increase over Q1 2012\n\n\nZinc production of 5,934,843.50 pounds; 12% increase over Q1 2012\n\n\nCash cost per tonne for the San Jose mine is US$78.0/t; 2% increase over\n guidance of US$76/t\n\n\nCash cost per tonne for the Caylloma mine is US$94.2/t; 2% decrease over\n guidance of US$96/t\n\n\nConsolidated Operating Highlights: \n\n\n\n\n \n\n\nFirst Quarter 2013\n\n\nFirst Quarter 2012\n\n\n \n\n\nCaylloma,Peru\n\n\nSan Jose,Mexico\n\n\nConsolidated \n\n\nCaylloma,Peru\n\n\nSan Jose,Mexico\n\n\nConsolidated\n\n\nProcessed Ore\n\n\n   \n\n\nTonnes milled\n\n\n111,416\n\n\n93,478\n\n\n204,894\n\n\n113,444\n\n\n87,056\n\n\n200,500\n\n\nAverage tpd milled\n\n\n1,266\n\n\n1,076\n\n\n \n\n\n1,289\n\n\n989\n\n\n \n\n\nSilver*\n\n\n   \n\n\nGrade (g/t)\n\n\n173\n\n\n184\n\n\n \n\n\n171\n\n\n198\n\n\n \n\n\nRecovery (%)\n\n\n80.61\n\n\n88.94\n\n\n \n\n\n77.51\n\n\n84.64\n\n\n \n\n\nProduction (oz)\n\n\n499,445\n\n\n492,773\n\n\n992,218\n\n\n484,226\n\n\n468,865\n\n\n953,091\n\n\n\n\n\n\n\n \n\n\nFirst Quarter 2013\n\n\nFirst Quarter 2012...

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