Fortuna Reports Consolidated Financial Results for 2016; Files Form 40-F, Annual Report

Vancouver, May 15, 2017:Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) today reported net income of $17.8 million on revenue of $210.3 million and cash flow from operations of $52.7 million.

Jorge A. Ganoza, President and CEO, commented, “Our results in 2016 reflect the strong positive operational and financial impact from the expanded 3,000 tpd capacity at the San Jose mine. San Jose exceeded its silver and gold production guidance while Caylloma significantly improved its margins through higher zinc and lead output and lower costs.” Mr. Ganoza added, “Our industry leading All-in sustaining cash cost of $8.38 per silver ounce for the year is a reflection of the strength of our assets and our commitment to efficient low cost operations.”

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