For­tuna Sil­ver pro­duces 2.23 moz Ag in Q3

For­tuna Sil­ver Mines Inc. pro­duced 2.23 mil­lion ounces of sil­ver and 12,542 ounces of gold in the third quar­ter of 2018. It also pro­duced 7.57 mil­lion pounds of lead and 11.48 mil­lion pounds of zinc in the quar­ter.

Stockwatch Daily - - FRONT PAGE - Mr. Jorge Ganoza re­ports

FOR­TUNA SIL­VER Mines Inc. has re­leased pro­duc­tion re­sults for the third quar­ter of 2018 from its two op­er­at­ing mines in Latin Amer­ica, the San Jose mine in Mex­ico and the Cayl­loma mine in Peru. The com­pany pro­duced 2.2 mil­lion ounces of sil­ver and 12,542 ounces of gold, plus base me­tal byprod­ucts. Sil­ver and gold pro­duc­tion for the first nine months to­talled 7.0 mil­lion ounces and 42,140 ounces, re­spec­tively, be­ing 13 per cent and 16 per cent above the com­pany’s nine-month pro­jec­tion. For­tuna is on sched­ule to pro­duce 8.3 mil­lion ounces of sil­ver and 48,300 ounces of gold or 11.4 mil­lion sil­ver equiv­a­lent ounces in 2018 in ac­cor­dance with the com­pany’s pro­duc­tion guid­ance (see For­tuna news re­lease dated Jan. 17, 2018).

Third quar­ter pro­duc­tion high­lights:

• Sil­ver pro­duc­tion of 2,230,465 ounces; 11-per­cent in­crease over the third quar­ter of 2017;

• Gold pro­duc­tion of 12,542 ounces; 6-per-cent de­crease over the third quar­ter of 2017;

• Lead pro­duc­tion of 7,575,541 pounds; 1-per-cent de­crease over the third quar­ter of 2017;

• Zinc pro­duc­tion of 11,482,583 pounds; 2-per-cent in­crease over the third quar­ter of 2017;

• Cash cost (2) for San Jose is $63.30 (U.S.)/tonne;

• Cash cost (2) for Cayl­loma is $88.53 (U.S.)/t.

(See FVI Ta­ble 1 on page 10)

San Jose mine, Mex­ico

The San Jose mine pro­duced 1,991,211 ounces of sil­ver and 12,387 ounces of gold in the third quar­ter of 2018, 11 per cent and 9 per cent above bud­get, re­spec­tively. Aver­age head grades for sil­ver and gold were 258 grams per tonne and 1.61 g/t, 11 per cent and 9 per cent above bud­get, re­spec­tively. Sil­ver and gold pro­duc­tion for the first nine months of 2018 to­talled 6.3 mil­lion ounces and 41,692 ounces, re­spec­tively, be­ing 13 per cent and 16 per cent above the mine’s nine-month pro­jec­tion.

Cayl­loma mine, Peru

The Cayl­loma mine pro­duced 239,253 ounces of sil­ver in the third quar­ter of 2018, 19 per cent above bud­get. Aver­age head grade for sil­ver was 65 g/t, 16 per cent above bud­get. Sil­ver pro­duc­tion for the first nine months of 2018 to­talled 692,101 ounces; 13 per cent above the mine’s nine-month pro­jec­tion.

Lead and zinc pro­duc­tion for the third quar­ter of 2018 was 7,575,541 pounds and 11,482,583 pounds, re­spec­tively, 20 per cent and 1 per cent above bud­get, re­spec­tively. Aver­age head grades for lead and zinc were 2.74 per cent and 4.24 per cent, 17 per cent above and in line with bud­get, re­spec­tively. Base met­als pro­duc­tion for the first nine months to­talled 21,801,786 pounds of lead and 33,947,289 pounds of zinc; be­ing 14 per cent and 1 per cent above the mine’s nine-month pro­jec­tion.

Qual­i­fied per­son

Eric N. Chap­man, MSc, vice-pres­i­dent of tech­ni­cal ser­vices, is the qual­i­fied per­son for For­tuna Sil­ver Mines as de­fined by Na­tional In­stru­ment 43-101. Mr. Chap­man is a pro­fes­sional geo­sci­en­tist of the As­so­ci­a­tion of Pro­fes­sional En­gi­neers and Geo­sci­en­tists of the prov­ince of Bri­tish Columbia (regis­tra­tion No. 36328) and has re­viewed and ap­proved the sci­en­tific and tech­ni­cal in­for­ma­tion con­tained in this news re­lease.

About For­tuna Sil­ver Mines Inc.

For­tuna is a growth-ori­ented, pre­cious me­tal pro­ducer with its pri­mary as­sets be­ing the Cayl­loma sil­ver mine in south­ern Peru, the San Jose sil­ver-gold mine in Mex­ico and the Lin­dero gold project in Ar­gentina. The com­pany is se­lec­tively pur­su­ing ac­qui­si­tion op­por­tu­ni­ties through­out the Amer­i­cas and in select other ar­eas.

We seek Safe Har­bor.

Kylie Joanne Dick­son, David Paul Far­rell, Jorge Al­berto Ganoza Du­rant, David Charles Laing, Si­mon Thomas P Ridg­way, Al­fredo Sil­lau, Mario David Szotlen­der Rajs

(FVI) Shares: 159,800,317

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