In Southern Mexico, Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) has been slowly and steadily building its San Jose Mine, moving it from an exploration project to a growing commercial silver and gold producing mine.
Luis Ganoza, Chief Financial Officer of Fortuna Silver stated:
The new ball mill is the big one for the expansion work. Once we have reached 1,500 tons per day, we expect to produce 4.5 million equivalent silver ounces per year, beginning in 2014.
As quoted in market news:
As part of its giving-back to the community efforts, Fortuna has helped build a nursery; offered scholarships to college students and music and painting programs for children. Fortuna has also provided economic assistance in building 11 dams in heavily arid areas for farmers to trap water and distribute it to their homes.