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Fortuna receives San Jose Mine environmental impact

Fortuna receives San Jose Mine environmental impact

Fortuna receives San Jose Mine environmental impact

VANCOUVER, British Columbia — Dec. 20, 2021. (GLOBE NEWSWIRE). 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 continued dialogue and technical assessment, SEMARNAT confirmed that operations at San Jose Mine are in compliance with the EIA’s environmental obligations. After verifying compliance, SEMARNAT assessed Fortunas request and granted the extension under the existing EIA conditions.

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, which is the single largest employer within the region of Valles Centrales provides direct employment to more than 1,200 people, with approximately 15 percent of them women. The Company works with more than 150 small-scale local businesses and has developed sustainable development programs with several 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., a Canadian precious metals mining firm, has four mines in Argentina, Burkina Faso and Peru. A fifth mine is under construction in Cte d’Ivoire. All our relationships and operations are based on sustainability. Through efficient production, environment protection, and social responsibilities, we produce silver and gold. We also create shared value over time for our stakeholders. Please visit our for more information.Website.

PERSONAL AUTHORITY OF THE BOARD

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

Investor Relations
Carlos Baca | info@fortunasilver.com

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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 safe harbor provisions of Private Securities Litigation Reform Act of 1996 (collectively, Forward looking Statements). All statements in this news release, except statements of historical fact are Forward-looking Statements. Actual events and results could differ materially from the Forward looking Statements. This news release could contain forward-looking statements that include statements about the Company’s plans and business strategy; the merit of its mines or mineral properties; future financial and operating performance of Company; expenditures; approvals and any other matters. These Forward-looking Statements are often identified by words such as projected, future, assumed and used.

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. Changes in the general economic and financial markets, as well as the impact of COVID-19, on the Company’s mining operations and construction activities, as well as the Company’s production, workforce and financial conditions. Uncertainties related to COVID-19 include: changes in market conditions, changing restrictions on mining in the countries where the Company operates, the Company’s ability to identify and expand mineral resources, operational risk in exploration and development, delays and changes in plans; uncertainties inherent in mineral exploration; changes to current estimates of minerals reserves and resources and changes in currencies; imposition of capital controls in countries that are discussed in the Company’s Annual Information 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 could also 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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