Business
Fortuna Silver Mines successful in obtaining permanent injunction for San Jose Mine EIA, Mexico
VANCOUVER, British Columbia, March 14, 2023 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to report that the Mexican Federal A
About this update from Fortuna Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 14, 2023 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to report that the Mexican Federal Administrative Court (the “Court”) has granted a permanent injunction to Compañía Minera Cuzcatlan (“Minera Cuzcatlan”), Fortuna’s Mexican subsidiary, which allows the San Jose Mine to continue to operate under the terms of the 12-year environmental impact authorization (“EIA”). Jorge A. Ganoza, President, CEO and Director of Fortuna, commented, “Once again, the Court has agreed with our legal arguments and has granted us protection against this troubling and repeated attempt by SEMARNAT to affect an EIA they themselves granted to the Company only 13 months ago.\" Mr. Ganoza added, “We are extremely encouraged by the Court’s decision, which is consistent with our view that the 12-year EIA is in material compliance with all applicable laws. The injunction allows the San Jose Mine to continue to operate under the terms of the 12-year EIA until this matter is finally resolved.” Minera Cuzcatlan initiated legal proceedings (the “Legal Proceedings”) to contest and revoke the annulment of the EIA in response to the resolution issued by the Secretaría de Medio Ambiente y Recursos Naturales (“SEMARNAT”). SEMARNAT is re-assessing the 12-year extension to the EIA for the San Jose Mine that it granted to Minera Cuzcatlan in December 2021 (refer to Fortuna news releases dated December 20, 2021, January 5 and January 25, 2023). The grant of the permanent injunction in favor of Minera Cuzcatlan allows the San Jose Mine to continue to operate under the terms of the 12-year EIA until the Court has ruled on the revocation of the EIA. Minera Cuzcatlan is in full compliance with all material environmental laws and continues to operate under the terms of the EIA. The Company continues to work with communities from the surrounding area in relation to the mine to enhance and expand the social benefits in the region. The San Jose Mine is the single largest employer in the region of Valles Centrales and provides direct employment to over 1,200 people. The Company has sustainable development initiatives with various neighboring communities and works with over 150 small local enterprises. About Fortuna Silver Mines Inc. Fortuna Silver Mines Inc. is a Canadian precious metals mining company wi...