Early Warning Report
Early Warning Report
Vancouver, February 8, 2017: Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces that
on February 7, 2017 it acquired 10.0 million common shares (the “ Common Shares ”) of Medgold
Resources Corp. (“Medgold”), of 200 Burrard Street, Suite 650, Vancouver, BC V6C 3L6, at a price of
C$0.15 per Common Share . The Common Shares were acquired for a n aggregate purchase price of
C$1.5 million pursuant to the exercise of a commo n share purchase warrant (the “Warrant”) acquired by
Fortuna in a private placement.
Immediately following this exercise, Fortuna owns 20.0 million common shares of Medgold, representing
23.97% of the issued and outstanding common shares of Medgold, and own s no Warrants. Immediately
prior to this exercise, Fortuna owned 10.0 million common shares representing 13.62% of the issued and
outstanding common shares of Medgold, and 10.0 million Warrants.
The Common Shares were acquired by Fortuna for investment purposes, and depending on market and
other conditions, it may from time to time in the future increase or decrease its ownership, control or
direction over securities of Medgold through market transactions, private agreements, or otherwise.
Fortuna has filed on www.sedar.com a report in accordance with NI 62-103, and a copy of the report may
be obtained by contacting Sally Whittall, the Corporate Secretary of Fortuna, at 604-484-4085.
About Fortuna Silver Mines Inc.
Fortuna is a growth oriented, precious metals producer focused on mining opportunities in Latin America.
Our primary assets are the Caylloma silver mine in southern Peru, the San Jose silver -gold mine in
Mexico and the Lindero gold project in Argentina . The company is selectively pursuing acquisition
opportunities throughout the Americas. For more information, please visit our website at
www.fortunasilver.com.
ON BEHALF OF THE BOARD
Jorge A. Ganoza
President, CEO and Director
Fortuna Silver Mines Inc.
-2-
Trading symbols: NYSE: FSM | TSX: FVI
Investor Relations:
Carlos Baca- T (Peru): +51.1.616.6060, ext. 0
Forward looking Statements
This news release contains forward looking statements which constitute “forward looking information” within the
meaning of applicable Canadian securities legislation and “forward looking statements” within the meaning of the
“safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward looking
Statements”). All statements included herein, other than statements of historical fact, are Forward looking
Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the Forward looking Statements. The Forward looking
Statements in this news release include, without limitation, statements regarding the possible fu ture acquisition or
disposition by the Company of securities in Medgol d; and statements about acquisition opportunities in the
Americas. Often, but not always, these Forward looking Statements can be identified by the use of words such as
“estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”,
“detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”,
“remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and
similar expressions, including negative variations.
Forward looking Statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievement s of the Company to be materially different from any results,
performance or achievements expressed or implied by the Forward looking Statements. Such uncertainties and
factors include, among others, whether the Company will in the future acquire or dispos e of securities in Medgold;
changes in general economic conditions and financial markets; changes in prices for silver and other metals;
technological and operational hazards in Fortuna’s mining and mine development activities; risks inherent in
mineral ex ploration; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal
recoveries; governmental and other approvals; political unrest or instability in countries where Fortuna is active;
labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual
Information Form. Although the Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in Forward looking Statements, there may be
other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to expectations regarding the possible future acquisition or disposition by the
Company of securities in Medgold; mine production costs; expected trends in mineral prices and currency exchange
rates; the accuracy of the Co mpany’s current mineral resource and reserve estimates; that the Company’s activities
will be in accordance with the Company’s public statements and stated goals; that there will be no material adverse
change affecting the Company or its properties; that all required approvals will be obtained; that there will be no
significant disruptions affecting operations and such other assumptions as set out herein. Forward looking
Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward
looking Statements, whether as a result of new information, future events or results or otherwise, except as required
by law. There can be no assurance that Forward looking Statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements. Accordingly, investors should not
place undue reliance on Forward looking Statements.