Fortuna Silver Mines Applies for NYSE Listing

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[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Aug. 29, 2011 /CNW/ - Fortuna Silver Mines Inc. (TSX: FVI /\n Lima Stock Exchange: FVI / www.fortunasilver.com) is pleased to announce that it has been authorized to apply to list its common stock\n on the New York Stock Exchange (NYSE).  The application was submitted\n on August 25, 2011.\n\n\nFortuna is a growing silver and base metal producer with mines in Peru\n and Mexico. Its Caylloma Mine in southern Peru is a wholly-owned\n low-cost, underground mine producing silver, lead, zinc and gold,\n operating at a treatment rate of over 1,250 tonnes per day (tpd) of\n ore. The Company recently announced that it expects to begin commercial\n production at the San Jose Mine, its second mine, also wholly-owned, in\n Oaxaca, Mexico on September 1, at an initial mining rate of 1,000 tpd.\n\n\n\"As we continue to expand our mining operations, this application marks\n an important strategic step for Fortuna.  A listing on the NYSE will\n help raise our profile as an up-and-coming producer of silver and other\n metals and showcase our solid growth record,\" said Jorge A. Ganoza,\n Fortuna President, CEO and Director.\n\n\nFor 2011, Fortuna's consolidated production guidance is 2.4 million\n ounces of silver, 7,530 ounces of gold plus approximately 38.4 million\n pounds of combined lead and zinc production. For the first two quarters\n of 2011, silver production at Caylloma was 912,102 ounces, with 10.3\n million pounds of lead and 11.9 million pounds of zinc as by products. \n For 2012, the Company anticipates an increase in production to 3.7\n million ounces of silver, 18,041 ounces of gold and approximately 39.8\n million pounds of combined lead and zinc production.\n\n\nFortuna Silver Mines Inc.\n\n\nEstablished in 2004, Fortuna is a growth-oriented, silver and base metal\n producer focused on mining opportunities in Latin America.  Our primary\n assets are the Caylloma silver mine in southern Peru and the San Jose\n silver-gold mine in Mexico.  The Company is selectively pursuing\n additional acquisition opportunities.  For more information, please\n visit our website at www.fortunasilver.com.\n\n\nON BEHALF OF THE BOARD\n\n\nJorge Ganoza\nPresident, CEO and Director\nFortuna Silver Mines Inc.\n\n\nSymbol: TSX: FVI / Lima Stock Exchange: FVI\n\n\nForward-Looking Statements\n\n\nCer...

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