Fortuna Silver Mines, Inc. reported an operational summary on the company’s mining activities in 2011. The summary covers the company’s activities at the San Jose Mine in Mexico and the Caylloma Mine in Peru.
Fortuna Silver Mines reported production of 2.5 million ounces of silver and 7,000 ounces of gold in 2011. This production represented growth of 31% and 174%, respectively, over 2010 production levels. The company also produced 19.7 million pounds of lead and 23.4 million pounds of zinc.
In 2012, Fortuna Silver Mines expects production to reach 3.7 million ounces of silver and 17,400 ounces of gold. This would be the sixth consecutive year of production growth for the company.
The San Jose Mine in Mexico started production in September 2011and can process 1000 tons per day of ore. The company plans to increase capacity here in 2012 to 1.5 million tons per day. Fortuna Silver Mines estimates that this mine will produce 1.7 million ounces of silver and 15,000 ounces of gold in 2012.
Fortuna Silver Mines estimates that the Caylloma Mine in Peru will produce 2 million ounces of silver in 2012, along with associated levels of gold, lead and zinc. The company also plans extensive exploration efforts here in 2012, including 24,000 meters of drilling targeting various silver deposits.
For more information on the company, go to www.fortunasilver.com
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