Fortuna provides an update on its operations at the Caylloma Mine in Peru
Fortuna provides an update on its operations at the Caylloma Mine in Peru
Vancouver, April 27, 2020-- Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) provides an update on the
status of its operations at the Caylloma Mine in Peru (refer to Fortuna news releases dated March 17,
2020 and April 2, 2020), which is continuing to operate and contribute to the local economy during these
challenging times for the world.
On Sunday, March 15, 2020, the Government of Peru introduced a series of measures to contain the rapid
spread of COVID -19 which included a declaration of a fifteen -day period of mandatory national “social
isolation”, which has been subsequently extended to May 10, 2020.
During this period, t he Company has been working under t he regulatory framework issued by the
Ministerio de Energía y Minas (MINEM) and the Ministerio del Interior (MININTER), which allows mines
to operate during this period with essential personnel.
The well-being of our personnel is our top priority. We have prepared and implemented health and safety
protocols to safeguard the health and safety of our personnel and the local communities where we
operate. The Caylloma mine is located approximately 14 kilometers from the nearest town of Caylloma.
These protocols, which have been approved by the Ministerio de Salud, include among others:
• Medical screening: Health checks and serological testing for COVID-19 before travelling to and on
arrival at the mine site . Completing a health questionnaire and taking temperatures before
entering the mine site and regularly once on site.
• Essential personnel: All non-essential work has been suspended. The critical work is carried out
by 40 percent of the regular workforce.
• Personal protective equipment: Use of personal protective equipment, including masks and gloves
while travelling to and from the mine site and while at the mine site.
• Travel: Travel to and from the mine site is in disinfected vehicles with 50 percent occupancy.
• Social distancing measures: Shift times are staggered to minimize the gathering of personnel.
Shifts have a reduced number of personnel. Canteens and offices have a reduced number of chairs
and tables.
• Site and camp hygiene: Increased cleaning and disinfection of common areas, housing quarters ,
and offices. Regular hand washing and wiping down of equipment and work areas after use.
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We continue to test all personnel at our site, and through our testing we have identified positive results
for COVID-19 in six individuals all of whom remain asymptomatic. Each positive case has been handled
according to our demanding protocols. All actions taken have been coordinated with the health
authorities and informed of in a timely manner.
Managers at the mine site have kept all personnel informed of the positive tests . The Company has
requested personnel to be vigilant in self-monitoring for signs of symptoms.
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
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” provi sions 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 u nknown 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 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 impact
the Company’s business, operations, financial condition and share price ; the duration of the reduced operations at
the Caylloma mine , and the number of personnel that may be affected by COVID -19. 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”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”,
“remaining”, “to be”, or statements that events, “c ould” or “should” occur or be achieved and similar expressions,
including negative variations.
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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 duration of government restrictions on business related to
COVID-19 including operations at the Caylloma mine; 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 resource s, 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, ex pectations 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.