Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Peru, Mexico, and Argentina. Sustainability is integral to all our operations and relationships. We produce silver and gold and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility.

In July 2016, Fortuna acquired the open pit, heap leach development stage Lindero gold project in Salta, Argentina; a positive construction decision was made in September 2017. The Lindero Mine has been designed as an 18,750 tonnes per day owner operated open pit operation with a pit life of 13 years based on current Mineral Reserves. The crushed ore is placed on a leach pad with the pregnant solution to be pumped to SART and ADR plants prior to electrowinning and refining where gold will be poured to doré bars. The Company is advancing Lindero's ramp up phase as per the plan outlined in the news release dated May 8, 2020. On October 20, 2020, Lindero´s first gold pour was achieved; commercial production is expected in the first quarter of 2021.

The rapid worldwide spread of COVID-19 is prompting governments to continue implementing restrictive measures to curb the spread of COVID-19. During this period of uncertainty, our priorities are to safeguard the health and safety of our personnel and our local communities; support and enforce government actions to slow the spread of COVID-19; and to assess and mitigate the risks to our business continuity.

As a result of the COVID-19 government-mandated constraints on business in the countries that host our operations and the uncertainties related to these constraints, the Company is currently unable to determine the impact on its production and cost guidance for 2020. Therefore, the Company's production and cost guidance for 2020 has been withdrawn until further notice.

Fortuna is financially stable and does not hedge its silver or gold production. Shares of the company trade mainly on the New York Stock Exchange (NYSE: FSM) and Toronto Stock Exchange (TSX: FVI).

Fortuna's History Timeline

2020

Lindero Mine first gold pour achieved on October 20th; commercial production planned for the first quarter of 2021

2017

Positive construction decision made for the Lindero gold Project. Lindero has been designed as an 18,750 tonnes per day owner operated open pit mine with a pit life of 13 years based on existing Mineral Reserves

2016

Acquired the fully permitted, development stage Lindero gold Project in Salta, Argentina

San Jose Mine expanded from 2,000 tpd to 3,000 tpd

Caylloma Mine mill throughput increased to 1,430 tpd

2015

San Jose Mine expansion to 3,000 tpd initiated in Q1

Caylloma Mine processing plant optimization initiated in Q1

Shares voluntarily delisted from BVL

2014

San Jose Mine expanded to 2,000 tpd

2013

Trinidad North high-grade silver-gold discovery at San Jose Mine, Mexico

Commissioned San Jose Mine expansion from 1,150 to 1,800 tpd

Acquired Taviche Oeste concession which hosts Trinidad North discovery

2012

Commenced construction of San Jose Mine mill expansion to 1,800 tpd

2011

Shares begin trading on NYSE: FSM

San Jose Mine declared commercial production at 1,000 tpd

2010

Shares begin trading on TSX: FVI

Positive pre-feasibility study reported for the San Jose Mine

Started construction of the San Jose Mine

2009

Acquired 100% interest in San Jose project

Received Environmental Impact Study approval and construction permits to build the San Jose Mine

2008

Shares begin trading on BVL: FVI

2007

Successful drilling at the San Jose Project significantly increased Ag Eq resources

2006

Re-initiated production at Caylloma Mine

Acquired 76% stake in the San Jose silver-gold Project located in Oaxaca, Mexico

2005

Fortuna Silver Mines Inc. established

Shares trade on TSX.V: FVI

Acquired the Caylloma silver-lead-zinc Mine located in Arequipa, Peru

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