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Fortuna Silver Mines Inc.

TICKER: FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE

Fortuna Silver Mines Inc. is positioned for sustainable growth with two 100%-owned underground operating silver mines and extensive property holdings in Peru and Mexico. Annual production is forecast to grow from approximately 4.4 Moz silver and 23,300 oz gold in 2013, to 5 Moz silver and 26 Koz gold by 2014. Fortuna's 95,600-ha land package offers attractive organic growth potential. Exploration programs in 2013 include 51,000m of drilling to test multiple silver and gold targets at the San Jose (Mexico) and Caylloma (Peru) mines. The company is also evaluating post-discovery, pre-development stage acquisition opportunities in the Americas.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Nicholas Campbell, Canaccord Genuity (5/31/13) "Fortuna Silver Mines Inc. annual production is set to grow to 7+Moz Ag in 2014. . .this figure does not reflect the Trinidad North discovery at San Jose, which we believe has the potential to boost its annual production to 9+Moz by 2016. . .this gives the company an improving growth profile with significant upside. . .we believe Trinidad North has been overlooked in the current market environment. . .therefore, we adding are the company to our Canadian Focus List. . .our recommendation remains at a Speculative Buy."

Itinerant, Seeking Alpha (5/28/13) "Fortuna Silver Mines Ltd. has been growing production for six years in a row and guidance is for another 10% growth in 2013 to 4.4 Moz silver and 23,300 oz gold. . .the company is prepared to use the strong balance sheet to their advantage should an opportunity for a development project present itself. . .at the moment, Fortuna is one of the safer bets in the silver space."

Morning Coffee (5/23/13) "Fortuna Silver Mines Inc. reported continued exploration drilling success at the Trinidad North discovery at the company's San Jose mine in Mexico. . .drilling continues to intercept high-grade silver-gold mineralization over wide widths with the mineralization remaining open to the north and to depth. Amongst the most recent results was a highlight intersection of 736 g/t Ag and 4.8 g/t Au over 19.3m."

Andrew Kaip, BMO Capital Markets (5/22/13) "Fortuna Silver Mines Inc. released assays from drilling at its San Jose mine in Mexico. . .results from the released drill holes returned a weighted average grade of 547 g/t silver and 3.3 g/t gold over an average true width of 3.7m, which is appreciatively above the San Jose reserve grades of 190 g/t silver and 1.58 g/t gold. . .exploration results from the current drilling program, along strike of the Trinidad vein, have returned encouraging grades and are within reach of current underground mine development."

Benjamin Asuncion, Haywood Securities (5/22/13) "Fortuna Silver Mines Inc. released drilling results from Trinidad North. . .highlights included: 19.3m grading 736 g/t Ag plus 4.76 g/t Au and 5.9m grading 1,240 g/t Ag and 6.94 g/t Au. . .ongoing results from exploration on both the company's Trinidad deposit (at depth) and the Trinidad North zone (at depth) continue to highlight the potential for resource growth at San Jose. . .specifically with Trinidad North, we view the results to date as positive given the high grades over economic widths and its proximity to underground infrastructure ."

Fortuna Silver Mines Inc. Content





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