Fortuna announces temporary suspension of activities at the Lindero Project
Fortuna announces temporary suspension of activities at the Lindero Project
Vancouver, March 20, 2020-- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces that in the
evening of March 19, 2020 , the Government of Argentina declared effective at midnight a period of
mandatory national “social isolation” in relation to COVID -19, effective until March 31, 2020. The
Company is proceeding to orderly and safely demobilize its workforce at the Lindero gold Project in Salta
Province, Argentina, in accordance with the Executive Order and the processes implemented for this
purpose by the Provincial Government of Salta.
As a result, the Company is temporarily suspending construction activities at Lindero for ten days. A task
force will remain on site to maintain critical activities and to undertake s afety and environmental
monitoring of Lindero over the isolation period.
The Company is assessing the impacts of the temporary suspension at Lindero on the timelines and budget
and will provide an update once the assessments have been completed.
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 unde r 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 Priv ate 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 anticipated lift ing of the
suspension enacted by the Government of Argentina; the safe de -mobilization of the workforce from Lindero; the
long-terms impact of the temporary suspension on Lindero; the duration and effects of COVID -19 and any other
pandemics on the Company’s workforce, business, operations and financial condition, and the risks relating to a
global pandemic, which unless contained could cause a slowdown in global economic growth and impa ct the
Company’s business, operations, financial condition and share price . Often, but not always, these Forward -looking
Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”,
“projected”, “used”, “d etailed”, “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 duration of the Argentine declaration of mandatory national “social isolation”; the impact of the
temporary suspension on the timelines and budget for Lindero; the worldwide economic and social impact of COVID-
19, the duration and extent of COVID -19, 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 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 management 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 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 the Company will be successful in its legal proceedings or
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.