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Fortuna receives San Jose Mine environmental impact authorization
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Fortuna receives San Jose Mine environmental impact authorization

Fortuna receives San Jose Mine environmental impact authorization

VANCOUVER (British Columbia), Dec. 20, 2021 (GLOBE WIRE) Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI)We are pleased to announce that the Secretara de Medio Ambiente y Recursos Naturales has granted a twelve (12 year) extension of the environmental permit (EIA), at the San Jose Mine in Oaxaca (Mexico).

Fortuna appealed against the decision of the authority that denied the San Jose Mine EIA Extension application (refer here). Fortuna news release from November 11, 2021). After further discussion and technical evaluation, SEMARNAT verified that operations at San Jose Mine are in compliance with the EIA’s environmental obligations. After confirming compliance, SEMARNAT reviewed Fortunas’ application and granted an extension under the existing EIA terms.

Procuradura Federal de Proteccin al Ambiente, which has performed 13 environmental audits of the San Jose Mine, most recently in December 2021. However, it has never been charged with environmental damage or pollution. The Ocotln Sewage Treatment Plant supplies the operation with its industrial water needs. Rainwater is also captured and stored. The mine is the largest employer in Valles Centrales. It employs over 1,200 people, including approximately 15% of women. The Company collaborates with more than 150 small businesses in the locality and takes part in sustainable development projects with neighboring communities. Fortuna continues to have a constructive and transparent dialogue with local authorities and stakeholders. They also operate in compliance with strict environmental standards.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. in Canada is a precious metals mining company that operates four mines in Argentina Burkina Faso, Mexico, Peru and a fifth mine in Cte d’Ivoire. All of our operations and relationships are built on sustainability. Through efficient production, environmental protection and social responsibility, we produce gold and silver. This creates shared value for our stakeholders over the long-term. Visit our website for more information Website.


Jorge A. Ganoza
President, CEO and Director
Fortuna Silver Mines Inc.

Investor Relations
Carlos Baca | [email protected]

Forward-looking Statements

This news release contains forward-looking statement that is within the scope of applicable Canadian securities legislation. These forward-looking statements are also within the scope of the safe harbor provisions of Private Securities Litigation Reform Act of 1996 (collectively, Forward looking Statements). All statements, other than historical fact, contained in this news release are Forward-looking Statements. They are subject to a number of unknown risks and uncertainties that could cause actual events to differ materially from those described in the Forward-looking Statements. This news release may contain forward-looking statements, including statements about the Company’s business strategy, plans, and outlook; the merits of its mines and mineral properties; future financial or operational performance of the Company; and expenditures; approvals, and other matters. These Forward-looking statements can often be identified using words like estimated, potential, open and future, used, detailed.

Forward-looking statements are subject to known and unknown risks and uncertainties. Actual results, performance and achievements may differ materially from the results, performances or achievements. These factors include changes in general economic conditions and financial market conditions; the impact on Companys mining operations, construction activities, and the duration and effects of COVID-19 on the Companys production. There are also uncertainties regarding the Companys ability to produce, manage, and develop mineral resources. There are also risks associated with mineral exploration. While the Company attempted to identify key factors that could cause actual actions or events to differ materially to those described in Forward looking Statements, other factors may cause actions, results or results to differ from those expected, estimated, or intended.

These forward-looking statements are based on management’s beliefs, assumptions, expectations, and opinions. They include the accuracy of Company’s current mineral resource estimates and reserves estimates. The reconciliation of Company’s mineral reserves at its mines remains consistent in line with the mineral reserve model. Changes to production estimates (which assume accuracy in projected ore grades, mining rates, recovery timings, and recovery rates and may be affected by unscheduled maintenance, labour, and contractor availability and the ability sell or deliver concentrate or dor. The Company will obtain all permits and approvals Forward-looking Statements were made as of the date of this document. The Company disclaims any obligation whatsoever to update any Forwardlooking Statements, either as a result or future events or results, except as required by law. It is impossible to guarantee that Forward-looking Statements will be accurate. Actual results and future events could be materially different from those predicted. Investors should not place undue trust in Forward-looking Statements.

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