Fortuna Silver Mines Inc

Fortuna is a rapidly growing precious metals producer with two low-cost mines and commanding land positions in Peru, Mexico and Argentina. The company was established in 2005 with a mandate to acquire precious metals exploration projects and producing mines in Latin America. Fortuna's management team has since established a reputation as efficient mine builders and operators by driving operational excellence and organic growth.In 2016, Fortuna expects to increase annual production(1) to 7.0 million ounces of silver, 42.8 thousand ounces of gold, 42.5 million pounds of lead and 43.7 million pounds of zinc. The consolidated all-in sustaining cash cost is estimated at $11.10 per ounce of silver, net of by-product credits. These estimates are based on mineral reserves and resources as of December 31, 2015.

Fortuna has increased production by optimizing the Caylloma silver-polymetallic mine in Peru, improving mill throughput to 1,430 tpd from 1,300 tpd in March 2016. At the San Jose silver-gold mine in Mexico, an expansion to 3,000 tpd from 2,000 tpd was commissioned on time and under budget in July 2016.Fortuna acquired the open pit, heap leach Lindero gold project in Argentina in July 2016. With a feasibility study in place, Lindero has potential to annually produce approximately 108 koz of gold, or 6.5 Moz of silver equivalent(2) by the second half of 2018.Management is committed to operating safely, profitability and maintaining industry best practices while striving for excellence in employee relations, community outreach and safeguarding of the environment.Fortuna is financially stable and does not hedge its production. Shares of the company trade mainly on the New York Stock Exchange (NYSE: FSM) and the Toronto Stock Exchange (TSX: FVI).Fortuna is headquartered in Vancouver, Canada and maintains management offices in Lima, Peru. The company employs more than 1,800 people in Canada, Peru, Mexico and Argentina.To be valued by our workers, the community and our shareholders as a world leading precious metals mining company.To create value through the growth of reserves, metal production and the efficient operation of our assets with a commitment to safety, social and environmental responsibility.