Fortuna announces resumption of production at the San Jose Mine, Mexico
Fortuna announces resumption of production at the San Jose Mine, Mexico
Vancouver, May 26, 2020-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that
production activities have resumed at the San Jose Mine located in Oaxaca, Mexico.
On March 31, 2020, the Government of Mexico announced extraordinary measures in response to the
spread of COVID-19, which included the suspension of all non-essential activities, including mining, until
April 30, 2020. This period of isolation was subsequently extended until May 30th, with the possibility of
restrictions being lifted on or after May 18th subject to obtaining specific government approval.
On May 25th, the Government of Mexico granted approval to re-start operations at the San Jose Mine and
today, production has officially resumed at nameplate capacity of 3,000 tonnes per day.
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, currently under construction, in Argentina. The Company is selectively
pursuing acquisition opportunities throughout the Americas and in select other areas. 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.
Trading symbols: NYSE: FSM | TSX: FVI
Investor Relations:
Carlos Baca
T (Peru): +51.1.616.6060, ext. 0
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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 may include, without limitation, statements about the resumption of production at
the San Jose mine, and the estimated tonnes to be produced per day . Often, but not always, these Forward-looking
Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”,
“projected”, “scheduled”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”,
“remaining”, “to be”, 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 achievements 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, the worldwide economic and social impact of COVID-19, the duration and extent of COVID-19, changes
in general economic conditions and financial markets; the r e-imposition of government restrictions on business
related to COVID-19; any positive cases of COVID -19 at the mine site which may cause a reduction or suspension in
operations; changes in prices for silver and other metals; technological and operational h azards in Fortuna’s mining
and mine development activities; risks inherent in mineral exploration; uncertainties inherent in the estimation of
mineral reserves, mineral resources, and metal recoveries; changes to current estimates of mineral reserves and
resources; changes to production estimates; governmental and other approvals; changes in government, 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 the managem ent of the worldwide economic and social impact of COVID-
19, that the duration and extent of COVID -19 is minimized and not long -term, the expected trends in mineral prices
and currency exchange rates; the accuracy of the Company’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 obt ained;
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 Stateme nts, whether as a result of new information, future events or results or otherwise,
except as required by law. There can be no assurance that that these 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.