Fortuna Reports Consolidated Financial Results for the First Quarter 2016

Fortuna Silver Mines Inc. (NYSE:FSM)(TSX:FVI) today reported net income of $2.6 million and revenue of $42.7 million in the first quarter of 2016.

Jorge A. Ganoza, President and CEO, commented, “We have made a strong start to the year operating well within our production and cost targets and look forward to the commissioning of our key expansion project at the San Jose Mine in July.” Mr. Ganoza continued, “At San Jose’s new production rate of 3,000 tpd, the company will target total annual consolidated production of approximately nine million ounces of silver and fifty-two thousand ounces of gold, with an AISCC below $9.0 per ounce of silver.”


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