Fortuna confirms illegal blockade lifted and operations at the San Jose Mine have resumed
11 May 2023 - 7:00PM
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI)
is pleased to report that the illegal blockade at its San Jose Mine
in Mexico has been lifted. Compañía Minera Cuzcatlán and union
workers have reached an agreement to resume operations at the mine
and processing plant which recommenced on May 10 at 7:00 p.m. local
time.
For over a decade, the San Jose Mine has been
the single largest employer in the region of Valles Centrales and
provides direct quality employment to over 1,200 people.
About Fortuna Silver Mines
Inc.
Fortuna Silver Mines Inc. is a Canadian precious
metals mining company with four operating mines in Argentina,
Burkina Faso, Mexico and Peru, and a fifth mine under construction
in Côte d'Ivoire. Sustainability is integral to all our operations
and relationships. We produce gold and silver and generate shared
value over the long-term for our stakeholders through efficient
production, environmental protection, and social responsibility.
For more information, please visit our website.
ON BEHALF OF THE BOARD
Jorge A. GanozaPresident, CEO,
and DirectorFortuna Silver Mines Inc.
Investor Relations:
Carlos Baca |
info@fortunasilver.com | www.fortunasilver.com |
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Forward-looking Statements
This news release contains forward-looking
statements which constitute “forward-looking information” within
the meaning of applicable Canadian securities legislation and
“forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995 (collectively, “Forward-looking Statements”). All
statements included herein, other than statements of historical
fact, are Forward-looking Statements and are subject to a variety
of known and unknown risks and uncertainties which could cause
actual events or results to differ materially from those reflected
in the Forward-looking Statements. The Forward-looking Statements
in this news release may include, without limitation, statements
about the Company’s plans for its mines and mineral properties; the
Company’s business strategy, plans and outlook; the merit of the
Company’s mines and mineral properties; production at the mines;;
the future financial or operating performance of the Company; the
effects of laws, regulations and government policies affecting our
operations or potential future operations; future successful
development of our projects; the estimates of expected or
anticipated economic returns from the Company’s mining operations
including future sales of metals, doré and concentrate or other
products produced by the Company and the Company’s ability to
achieve its production and cost guidance; approvals and other
matters. Often, but not always, these Forward-looking Statements
can be identified by the use of words such as “estimated”,
“potential”, “open”, “future”, “assumed”, “projected”, “used”,
“detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”,
“anticipated”, “estimated” “containing”, “remaining”, “to be”, or
statements that events, “could” or “should” occur or be achieved
and similar expressions, including negative variations.
Forward-looking Statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any results, performance or achievements
expressed or implied by the Forward-looking Statements. Such
uncertainties and factors include, among others, future impacts of
the blockade on production; changes in general economic conditions
and financial markets; the effects of inflation on the costs of
operations; the risks relating to a global pandemic, , as well as
risks associated with war or other geo-political hostilities, such
as the Ukrainian – Russian conflict, any of which could continue to
cause a disruption in global economic activity; fluctuation in
currencies and foreign exchange rates; changes in prices for
silver, gold and other metals; technological and operational
hazards in Fortuna’s mining and mine development activities; risks
inherent in mineral exploration; fluctuations in prices for energy,
labor, materials, supplies and services; uncertainties inherent in
the estimation of mineral reserves, mineral resources, and metal
recoveries; changes to current estimates of mineral reserves and
resources; changes to production and cost estimates; our ability to
obtain all necessary permits, licenses and regulatory approvals in
a timely manner; governmental and other approvals; political unrest
or instability in countries where Fortuna is active; labor
relations issues; as well as those factors discussed under “Risk
Factors” in the Company's Annual Information Form. Although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in Forward-looking Statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended.
Forward-looking Statements contained herein are
based on the assumptions, beliefs, expectations and opinions of
management, including but not limited to: ore grades and
recoveries; prices for silver, gold and base metals remaining as
estimated; currency exchange rates remaining as estimated; capital,
decommissioning and reclamation estimates; prices for energy,
labour, materials and supplies, transport and services; that there
will be no material adverse change affecting the Company or its
properties; that all required approvals will be obtained; that
there will be no significant disruptions affecting operations and
such other assumptions as set out herein. Forward-looking
Statements are made as of the date hereof and the Company disclaims
any obligation to update any Forward-looking Statements, whether as
a result of new information, future events or results or otherwise,
except as required by law. There can be no assurance that
Forward-looking Statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, investors should not
place undue reliance on Forward-looking Statements.
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