Fortuna Silver’s Q1 Silver Production Totals 1,536,859 Ounces

Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) announced first-quarter production results from its San Jose and Caylloma mines. The former is located in Mexico and the latter in Peru.

Highlights include:

  • Silver production of 1,536,859 ounces; 55 % increase over Q1 2013
  • Gold production of 8,150 ounces; 81 % increase over Q1 2013
  • Lead production of 3,892,624 pounds; 16 % decrease over Q1 2013
  • Zinc production of 6,529,041 pounds; 10 % increase over Q1 2013
  • Cash cost for San Jose is US$66.61/t; in line with annual guidance of US$67.1/t
  • Cash cost for Caylloma is US$87.85/t; in line with annual guidance of US$88.3/t

Jorge A. Ganoza, president and CEO of Fortuna, commented:

I am very pleased with the strong production figures for the first quarter of the year. Gold and silver outputs were both above plan and costs remained well in line with our guidance for the year. The mill expansion to 2,000 tpd at San Jose was completed in early April and we expect to be at this new run rate during the month.

Click here to read the full Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) press release.