Home Financial responsibility Fortuna receives environmental impact clearance from San Jose mine

Fortuna receives environmental impact clearance from San Jose mine

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VANCOUVER, British Columbia, December 20, 2021 (GLOBE NEWSWIRE) – Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that the Secretaría de Medio Ambiente y Recursos Naturales (“SEMARNAT”) has granted a twelve (12) year extension of the Environmental Impact Authorization (“EIA”) at the San Jose mine, located in Oaxaca, Mexico.

Fortuna has appealed the authority’s decision that rejected the San Jose mine’s EIA extension request (see Fortuna press release of November 11, 2021). After continuous dialogue and technical assessment, SEMARNAT confirmed that operations at the San José mine are being carried out in accordance with all environmental obligations under the EIA. Following confirmation of compliance, SEMARNAT reassessed Fortuna’s request and granted the extension of the existing conditions of the EIA.

The San José mine was the subject of 13 environmental audits by the Procuraduría Federal de Protección al Ambiente (“PROFEPA”), most recently in early December 2021, and has never been cited for pollution or environmental damage. The operation obtains industrial water from the Ocotlán treatment plant and the collection and storage of precipitation. The mine, the largest employer in the Valles Centrales region, directly employs more than 1,200 people, around 15 percent of whom are women. The Company has sustainability initiatives with various neighboring communities and works with over 150 small local businesses. Fortuna continues to maintain a transparent and constructive dialogue with stakeholders and local authorities and operates under strict environmental standards.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and a fifth mine under construction in Côte d’Ivoire. Sustainability is an integral part of all of our operations and relationships. We produce gold and silver and generate long-term shared value for our stakeholders through efficient production, environmental protection and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

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

Investor Relations:
Carlos baca | [email protected]

Forward-looking statements

This press release contains forward-looking statements that constitute “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. . (collectively, “forward-looking statements”). All statements included in this document, other than statements of historical fact, are forward-looking statements and are subject to a variety of known and unknown risks and uncertainties that could cause actual events or results to differ materially. those reflected in forward-looking statements. Forward-looking statements contained in this press release may include, without limitation, statements about the business strategy, plans and prospects of the company; the merit of the Company’s mines and mineral properties; the future financial or operational performance of the Company; expenses; approvals and other matters. Often, but not always, these forward-looking statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “” detailed “,” has been “,” gain “,” expected “,” reflecting “,” will “,” expected “,” estimated “,” containing “,” remaining “,” to be “, or statements that events, “could” or “should” occur or be achieved, and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from the results, performance or achievements expressed or implied by the statements. prospective. These uncertainties and factors include, among others, changes in general economic conditions and financial markets; the impact of the COVID-19 pandemic on the Company’s mining operations and construction activities; the duration and impacts of COVID-19 on the production, workforce, businesses, operations and financial condition of the Company, and the risks associated with a global pandemic, which, if not contained, could lead to a slowdown in global economic growth; uncertainties related to the impacts of COVID-19 which may include: changes in market conditions, changes in restrictions on the mining industry in the countries in which the Company operates, the ability to operate due to government-imposed restrictions, including travel restrictions, the transport of concentrates and walleye, access to refineries, the impact of further waves from the pandemic or the increase in COVID-19 incidents in countries in which we operate; the duration of any suspension of operations at the Company’s mines due to COVID-19 which may affect the production, business operations and financial condition of the Company; the easing of travel restrictions in Argentina that have been put in place to curb the spread of COVID-19; changes in the prices of gold, silver and other metals; changes in the prices of key supplies; technological and operational risks in Fortuna’s mining and mining development activities; risks inherent in mineral exploration; the ability of current exploration programs to identify and / or expand mineral resources, operational risks in exploration and development; delays or changes in plans for exploration or development projects; uncertainties inherent in estimating mineral reserves, mineral resources and metal recoveries; changes to current estimates of mineral reserves and resources; changes in production and cost estimates; government and other approvals; changes of government, political unrest or instability in the countries where Fortuna is active; currency and exchange rate fluctuations; the imposition of capital controls in the countries in which the Company operates; labor relations issues; as well as the factors described under the heading “Risk Factors” of the Company’s Annual Information Form. Although the Company has attempted to identify material factors which could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or or results differ from those anticipated, estimated or intended.

The forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including, but not limited to, the accuracy of current estimates of the Company’s mineral resources and reserves; that the activities of the Company will be in accordance with public statements and stated objectives of the Company; that there will be no material adverse change affecting the Company or its properties; that the reconciliation of mineral reserves at the Company’s mines continue to conform to the mineral reserves model; changes in production estimates (which assume the accuracy of projected ore grade, mining rates, recovery schedule and recovery rate estimates and may be affected by unscheduled maintenance, labor availability -workers and contractors and other operational or technical difficulties); the duration and impacts of COVID-19 on the production, workforce, businesses, operations and financial condition of the Company, and the risks associated with a global pandemic, which, if not contained, could lead to a slowdown in global economic growth; government mandates in Peru, Mexico, Argentina, Burkina Faso and Côte d’Ivoire relating to mining operations in general or ancillary activities or services required for the operations of the Company; government and Company attempts to reduce the spread of COVID-19 which can affect many aspects of Company operations, including transportation of personnel to and from site, availability of contractors and suppliers, and capacity sell or deliver concentrate and walleye; expected trends in mineral prices and exchange rates; that the activities of the Company will be in accordance with public statements and stated objectives of the Company; that there will be no material adverse change affecting the Company or its properties; that all required approvals and permits will be obtained for the activities and operations of the Company; that there will be no material disruption affecting the operations and other assumptions set forth herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. required. There can be no assurance that these forward-looking statements will prove to be correct, as actual results and future events could differ materially from those anticipated in such statements. Therefore, investors should not place undue reliance on forward-looking statements.