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Fortuna: 1Q Gold, Silver Output Up Sharply From Year Ago

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Fortuna Silver Mines, Inc. (NYSE: FSM ; TSX: FVI) announces that first-quarter production at its two mines -- the San Jose Mine in Mexico and the Caylloma Mine in Peru – was a combined 2 million ounces of silver, 13,200 ounces of gold plus base metal by-products. The silver output was up 26% over the first quarter of 2016, while the gold output was up 42%, the company says. Fortuna also says it is on schedule to produce 8.1 million ounces of silver and 52,400 ounces of gold in 2017. This would be 11.2 million silver-equivalent ounces, the company adds. “I am pleased to report a solid start of the year in line with guidance for production and cost figures,” says Jorge A. Ganoza, president and chief executive officer. “2017 is our first full year at the new expanded rates of production at both our mines, which shows favorably when comparing quarter over quarter.  With respect to our Lindero gold project in Argentina, basic engineering reviews and optimization work continue advancing as planned with the aim of supporting a construction decision in the third quarter of this year.”

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