Fortuna Reports Record Silver Production of 953,091 Ounces and 5,137 Ounces of Gold for First Quarter 2012

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 16, 2012 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI) announces production figures for the first quarter of 2012 from its two\n operating mines in Latin America, the San Jose mine in Mexico and the\n Caylloma mine in Peru. Both mines are performing above planned\n production levels and the Company is on schedule to deliver 3.7 million\n ounces of silver and 17,400 ounces of gold or 4.6 million ounces of\n silver equivalent plus significant base metal by-product in 2012.\n\n\nFirst Quarter Production Highlights\n\n\nSilver production of 953,091 ounces; 4.3% increase over Q4 2011\n\n\nGold production of 5,137 ounces; 23.7% increase over Q4 2011\n\n\nLead production of 4,443,367 pounds; 1.1% increase over Q4 2011\n\n\nZinc production of 5,320,639 pounds; 6.5% decrease over Q4 2011\n\n\nMr. Jorge Ganoza, President & CEO, commented: \"We are extremely pleased\n that our mines continue to operate well within plans, resulting in\n these record production figures.  Not only are we on target to meet our\n annual guidance, we are also seeing opportunities for higher silver and\n gold resource and reserve grades in the lower levels of the San Jose\n mine. We are working to incorporate reconciliation of these higher\n grades into our resource models by mid-year.\"\n\n\nConsolidated Operating Highlights \n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nFirst Quarter 2012\n\n\nFourth Quarter 2011\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\n113,444\n\n\n87,056\n\n\n \n\n\n116,364\n\n\n87,884\n\n\n \n\n\nAverage tpd milled\n\n\n1,289\n\n\n989\n\n\n \n\n\n1,307\n\n\n987\n\n\n \n\n\nSilver*\n\n\n \n\n\n \n\n\nGrade (g/t)\n\n\n171\n\n\n198\n\n\n \n\n\n177\n\n\n159\n\n\n \n\n\nRecovery (%)\n\n\n77.51\n\n\n84.64\n\n\n \n\n\n80.78\n\n\n84\n\n\n \n\n\nProduction (oz)\n\n\n484,226\n\n\n468,865\n\n\n953,091\n\n\n536,426\n\n\n377,377\n\n\n913,803\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nFirst Quarter 2012\n\n\nFourth Quarter 2011\n\n\n \n\n...

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