Fortuna announces preliminary financial results for the first quarter of 2020

Fortuna_11052020

Vancouver, May 11, 2020: Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce the following preliminary financial results for the first quarter of 2020:
First Quarter of 2020 Highlights Preview
• Sales of $47.5 million, compared to $59.0 million in Q1 2019
• Net loss of $4.5 million, compared to net income of $2.2 million in Q1 2019
• Adjusted net loss1 of $2.2 million, compared to adjusted net income of $8.4 million in Q1 2019
• Adjusted EBITDA1 of $15.9 million, compared to $23.8 million in Q1 2019
• Free cash flow from ongoing operations1 of $14.2 million, compared to $2.2 million in Q1 2019
• Silver and gold production of 1,819,312 ounces and 10,101 ounces, respectively
• AISC/oz silver equivalent1 for the San Jose Mine and the Caylloma Mine was $10.72 and $16.73, respectively

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