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Fortuna reports production of 1,104,914 ounces of Ag and 4,515 ounces of Au for third quarter 2013
VANCOUVER , Oct. 15, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: ...
About this update from Fortuna Mining Corp.
[{"type":"text","content":"\n\n\nVANCOUVER, Oct. 15, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F ) today announces production figures from its two underground operating\n mines in Latin America, the San Jose mine in Mexico and the Caylloma\n mine in Peru.  In the third quarter of 2013, the company delivered\n 1,104,914 ounces of silver, 4,515 ounces of gold and base metal\n by-products. Fortuna reaffirms its production guidance of 4.5 million\n ounces of silver and 23,600 ounces of gold or 5.9 million ounces of Ag\n Eq* for 2013.\n\n\nJorge A. Ganoza, President and CEO, commented: \"We are once again\n pleased with the performance of our operations in Peru and Mexico. \n Gold head grade at the San Jose mine has been below budget in the\n quarter, something we attribute to local variations considered within\n our estimates.  The positive impact on costs and production of our\n newly commissioned mill expansion to 1,800 tpd at San Jose is going to\n be reflected starting in the last quarter of this year.  I would also\n like to inform that underground drilling on the Trinidad North target\n commenced last month with the first drill hole of the program just\n completed.\"\n\n\nThird Quarter Production Highlights\n\n\n\nSilver production of 1,104,914 ounces; 8 % increase over Q3 2012\n\n\nGold production of 4,515 ounces; 16 % decrease over Q3 2012\n\n\nLead production of 4,729,912 pounds; 6 % increase over Q3 2012\n\n\nZinc production of 6,467,987 pounds; 15 % increase over Q3 2012\n\n\nCash cost per tonne for the San Jose mine is US$72.09/t; 6 % increase\n over guidance of US$68/t (**)\n\n\nCash cost per tonne for the Caylloma mine is US$87.06/t; 1 % decrease\n over guidance of US$88/t (**)\n\n\n\nConsolidated Operating Highlights\n\n\n\n\n\n\n \n\n\nThird Quarter 2013\n\n\nThird 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\n117,111\n\n\n102,088\n\n\n \n\n\n117,386\n\n\n91,607\n\n\n \n\n\n\n\nAverage tpd milled\n\n\n1,301\n\n\n1,200\n\n\n \n\n\n1,306\n\n\n1,048\n\n\n \n\n\n\n\nSilver (***)\n\n\n   \n\n\n\n\nGrade (g/t)\n\n\n180\n\n\n184\n\n\n \n\n\n181 \n\n\n191\n\n\n&#x...