Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Mexico, Peru, and Argentina. We produce silver and gold and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. Sustainability is integral to all our operations and relationships.

On January 19, 2021, we issued our consolidated production guidance for 2021. We plan to produce between 6.8 to 7.6 million ounces of silver and 178 to 202 thousand ounces of gold or 267 to 302 thousand of gold equivalent1 ounces in 2021. These production estimates are based on Mineral Reserves and Resources estimated as of June 30, 2020.

COVID-19 response

Production at our mines was disrupted in 2020 due to the COVID-19 pandemic and the government mandated measures implemented to curb the spread of the virus, which included the temporary shutdown of operations, mandatory quarantine periods and restrictions on travel. At our San Jose, Caylloma and Lindero mines, we installed health and safety protocols to control, isolate and quarantine, as necessary. These controls continue to be reviewed and adjusted based on the circumstances at each location. With these controls in place, our 2021 production guidance assumes that operations will continue without significant interruptions related to the ongoing COVID-19 pandemic.

Our focus is on the health and safety of our workforce and on measures to prevent and manage the transmission of COVID-19 within the workforce and the communities in which we operate. Management remains committed to operating safely and profitability while maintaining industry best practices in employee relations, community outreach, and environmental safeguards.

2020 highlights:

  • Zero COVID-19 cases registered on-site
  • San Jose 2020 production: 6.17 million ounces of silver and 37,805 ounces of gold
  • Caylloma 2020 production: 0.97 million onces of silver, 4,109 ounces of gold, 29.63 million pounds of lead, and 45.55 million pounds of zinc 
  • Lindero first gold pour: October 20, 2020
  • Lindero 2020 production: 13,435 ounces of gold

Fortuna is financially stable and does not hedge its precious metals production. Shares of the company trade mainly on the New York Stock Exchange (NYSE: FSM) and Toronto Stock Exchange (TSX: FVI).

Notes:

1 Gold equivalent ounces calculated using gold to silver ratio of 1:76

Fortuna's History Timeline

2020

Lindero Mine first gold pour achieved on October 20th; commercial production planned for the first quarter of 2021

2017

Positive construction decision made for the Lindero gold Project. Lindero has been designed as an 18,750 tonnes per day owner operated open pit mine with a pit life of 13 years based on existing Mineral Reserves

2016

Acquired the fully permitted, development stage Lindero gold Project in Salta, Argentina

San Jose Mine expanded from 2,000 tpd to 3,000 tpd

Caylloma Mine mill throughput increased to 1,430 tpd

2015

San Jose Mine expansion to 3,000 tpd initiated in Q1

Caylloma Mine processing plant optimization initiated in Q1

Shares voluntarily delisted from BVL

2014

San Jose Mine expanded to 2,000 tpd

2013

Trinidad North high-grade silver-gold discovery at San Jose Mine, Mexico

Commissioned San Jose Mine expansion from 1,150 to 1,800 tpd

Acquired Taviche Oeste concession which hosts Trinidad North discovery

2012

Commenced construction of San Jose Mine mill expansion to 1,800 tpd

2011

Shares begin trading on NYSE: FSM

San Jose Mine declared commercial production at 1,000 tpd

2010

Shares begin trading on TSX: FVI

Positive pre-feasibility study reported for the San Jose Mine

Started construction of the San Jose Mine

2009

Acquired 100% interest in San Jose project

Received Environmental Impact Study approval and construction permits to build the San Jose Mine

2008

Shares begin trading on BVL: FVI

2007

Successful drilling at the San Jose Project significantly increased Ag Eq resources

2006

Re-initiated production at Caylloma Mine

Acquired 76% stake in the San Jose silver-gold Project located in Oaxaca, Mexico

2005

Fortuna Silver Mines Inc. established

Shares trade on TSX.V: FVI

Acquired the Caylloma silver-lead-zinc Mine located in Arequipa, Peru

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