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News Update

TICKERS: FSM; FVI; F4S

Pre-Commissioning at Argentina Gold Project Expected in January
News Update

Source:

Mine operations and preproduction work continue nonstop, the company stated.

Fortuna Lindero Project

Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE) provided in a news release an operational update on its 100% owned Lindero gold project in Argentina.

"Minor delays and unavailability of vendors due to holidays thwarted our best efforts to place ore on the leach pad prior to year end. Notwithstanding, primary and secondary crushing circuits are mechanically and electrically complete and are in the final stages of pre-commissioning," stated Fortuna President, CEO and director Jorge A. Ganoza. "This will be followed by commissioning of the primary and secondary crushers by placing ore in the crushing circuit. Tertiary crushing and agglomeration still require minor terminations in the areas of electromechanical and piping. Pre-commissioning of these facilities is now scheduled for mid-January, once vendor technicians return to site."

Mr. Ganoza noted, "We are currently in the final phase of a two year construction project in Argentina. Our engineers and management team continue to provide the outstanding leadership required to ensure completion of the project."

The company listed the following construction, pre-commissioning and commissioning highlights:

  • As of the end of November 2019, the overall project is 85% complete
  • Primary and secondary crushing circuits: Pre-commissioning activities are being carried out and are in their final stages; placing of first ore to crushing is scheduled for the end of December
  • HPGR circuit: Final mechanical completion activities and vendor representative unavailability through the holidays have pushed back pre-commissioning activities to mid-January 2020
  • Agglomeration plant: Mechanical installation is complete and minor piping and electrical installation work is in the final stages; pre-commissioning is expected to commence in mid-January 2020
  • Power generation: 8 MW power plant and medium voltage power distribution system have been commissioned
  • Substations and electrical rooms: Crushing circuit, agglomeration plant substations and electrical rooms have been commissioned
  • Industrial water supply: Water wells and pumping system have been successfully tested, and the 13 kilometer water pipeline to the project site is being pre-commissioned
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