Fortuna Commissions 3,000 tpd Mill Expansion At San Jose Mine

 

VANCOUVER, BC - Fortuna Silver Mines Inc. reported that commissioning activities on the expansion of the San Jose Mine from 2,000 tpd to 3,000 tpd have concluded successfully on-time and under-budget. The processing plant and mine are fully operational at 3,000 tpd; allowing for an annual production rate of 7-8 million ounces of silver and 50-53 thousand ounces of gold. The capital expenditure of the plant expansion was US $27.5 million, 16% below budget.

Jorge A. Ganoza, President and CEO of Fortuna, said, "I would like to commend the superb work done by our team in delivering the construction and commissioning of the San Jose Mine expansion to 3,000 tpd on-time and under-budget." Mr. Ganoza continued, "Post expansion, the San Jose Mine will rank among the world's top thirteen primary silver producing mines with an estimated AISC below US $7.0 per ounce of silver."