VANCOUVER, British Columbia, 20 October 2020 (GLOBE NEWSWIRE) – Fortuna Silver Mines Inc. (NYSE: WSF) (TSX: FVI) will announce the first gold smelter at its Lindero mine in Salta province, Argentina. Today, Tuesday, October 20, 2020, and produced 728 ounces of gold.
Jorge A. Ganoza, president, CEO and director, said: “The first gold smelter in Lindero, our third mine in the Americas, is a vital achievement for the company as we move the acceleration phase of the mine towards advertising production in the first Lindero is a mine with reserves for an expected lifespan of 13 years and is a pillar of Fortuna’s asset portfolio. Mr. Ganoza continued: “I would like to take this opportunity to recognize the commitment and harsh paintings of our Salta. to succeed in this milestone, especially in the context of the continuing limitations of COVID-19 restrictions. “Mr. Ganoza concluded: “If situations permit, we look forward to harboring a rite of inauguration of Argentina’s last gold mine with federal government early next year. “
We invite you to learn about Lindero’s progress by visiting the Lindero Mine Photo Gallery on our website.
Qualified person
Eric Chapman, Vice President of Technical Services, is a geoscientist with the Association of Professional and Geoscientists of the Province of British Columbia (registration number 36328). Chapman reviewed and approved the clinical and technical data contained in this press release.
About Lindero Gold Mine, Argentina
In September 2017 the structure was started in Lindero (see Fortuna press releases of 21 September 2017 and 21 December 2017). Lindero designed as an open pit mine of 18,750 tons consistent with day or consistent with its owner with a lifespan of 13 years The crushed ore will be placed on a leaching platform with the pregnant solution pumped to SART and ADR plants before electrolyte extraction and refining where gold will be poured into gold bars. according to the plan defined in Fortuna’s press release of May 8, 2020.
Management reiterates general structure capital expenditures of between US$314. 0 million and US$320. 0 million, according to the updated structure and commissioning schedule (see Fortuna press release of May 8, 2020), representing a 28% increase over September. Feasibility Estimation 2017 The Lindero Mine Technical Report can be obtained at SEDAR www. sedar. com and on the company’s website.
About Fortuna Silver Mines Inc.
Fortuna Silver Mines Inc. es a Canadian valuable metals mining company operating in Peru, Mexico and Argentina. Sustainability is an integral component of all our operations and relationships. We produce silver and gold and generate long-term shared prices for our shareholders and stakeholders through effective production, environmental coverage and social responsibility. For more information, please visit our online page at www. fortunasilver. com.
ON BEHALF OF THE COUNCIL
Jorge A. Ganoza President, CEO and Director Fortuna Silver Mines Inc.
Investor Relations: Carlos Baca T (Peru): 51. 1. 616. 6060, ext. 0
Forward-looking statements
This press release comprises forward-looking statements that constitute “forward-looking information” within the meaning of applicable Canadian securities law and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. 1995 (collectively “forward-looking statements”). All statements included in this document, old factual statements, are forward-looking statements and are subject to a variety of known and unknown dangers and uncertainties that may also cause actual occasions or effects to differ materially. those reflected in forward-looking statements. The forward-looking statements contained in this press release would possibly include, but are not limited to, statements relating to the timing of the structure, commissioning, acceleration activities, and advertising production of the Lindero Project, which are subject to restrictions. similar to COVID-19; change in production structure and schedule, general financing requirements, estimated metallurgical recovery rates, estimated production at Lindero; average head grades and cut rates; the amount of ounces of gold contained in the ore placed on the leach pad; and estimated mineral reserves and useful life of the mine. Often, but not always, those forward-looking statements can be learned by using words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “expected”, “used” . “,” Detailed “,” has been “,” gain “,” expected “,” reflecting “,” will be “,” containing “,” remaining “,” being “or statements that occasions” possibly “or” should “occur or be fulfilled and similar expressions, adding negative variations.
Forward-looking statements involve known and unknown dangers, uncertainties and other points that would possibly cause the company’s actual effects, functionality or achievements to be totally different from any expressed or implied effects, functionality or achievements across the companies. forward-looking statements. These uncertainties and points include, but are not limited to, the global economic and social effect on COVID-19, the duration and extent of COVID-19, adjustments to general economic situations, and money markets; the reimposition of government restrictions on businesses similar to COVID-19; any positive case of COVID-19 at the assignment site or in the domain that possibly results in a relief or suspension of operations and activities and that possibly in the end and would delay the change of structure and production schedule; adjustments in the costs of silver and other steels; the amount of ounces of gold contained in the ore placed on the leach pad; ad production schedule; technological and operational hazards in Fortuna’s mining and mining activities; the dangers inherent in mineral exploration; uncertainties inherent in estimating mineral reserves, mineral resources and steel recoveries; adjustments to existing estimates of mineral reserves and resources; adjustments in production estimates; government and other approvals; adjustments in government, political unrest or instability in the countries where Fortuna is active; labor relations problems; as well as the points described in the “Risk Factors” segment of the Company’s Annual Information Form. Although the company has attempted to identify the points on the shades that may also cause actual actions, occasions or effects to differ materially from those described in the forward-looking statements, it is possible that other points cause actions, occasions or effects that differ from those described. those expected, estimated or expected.
The forward-looking statements contained in this document are based on the assumptions, beliefs, expectations and control reviews, including, but not limited to, the global economic and social control that has an effect on COVID-19, that is, that the duration and degree of COVID-19 is minimized and not the expected long-term trends in mineral costs and exposure rates; the accuracy of existing estimates of the Company’s mineral resources and reserves; that the activities of the company will be in accordance with the public statements and stated objectives of the company; that there will be no change of adverse position of curtains to the corporation or its properties; that all necessary approvals will be obtained; that there will be no significant interruptions in the construction, activities and operations at Lindero, there will be no repositioning in the legislation or regulations that may only the operations of the Company and other assumptions established herein. Forward-looking statements are made as of the date hereof and the company disclaims any legal responsibility to update the forward-looking statements, whether as a result of new information, occasions or long-term effects or otherwise, unless required to do so. the law. necessary. There is no guarantee that such forward-looking statements will turn out to be accurate, as actual effects and long-term occasions may differ dramatically from those expected in such statements. Therefore, investors deserve not to place undue reliance on forward-looking statements.
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