Fortuna Announces Possible Delay in Filing its Annual Financial Results

http://www.kitco.com/pr/1875/article_03202017163412.pdf

Vancouver, March 20, 2017: Fortuna Silver Mines Inc. (“Fortuna” or the “Company”) (NYSE: FSM) (TSX: FVI) announces that due to an ongoing regulatory review of the Company’s 2015 annual filings, the Company may be delayed in filing its annual audited financial statements and related MD&A for the years ended December 31, 2016 and 2015 (the “Annual Financial Documents”). As part of a review by the staff of the United States Securities and Exchange Commission (the “SEC”) of the Company’s Annual Report on Form 40-F for the year ended December 31, 2015, the SEC has provided comments on the Company’s use of inferred resources in its audited financial statements for the calculation of depletion expenses (the “SEC Comments”). The Company considers the use of its inferred resources in the calculation of depletion expenses to be appropriate under IFRS and consistent with the practice of other Canadian mining companies. However, until the SEC Comments are resolved, the Annual Financial Documents cannot be finalized.

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