Page 13
We forecast a 10 % increase in silver
production to 4.4 million ounces and a
13 % increase in gold production to
23,300 ounces
Page 14
Delivering steady growth and creating
value since 2005
Page 15
We strive to create sustainable value for
our employees and their families, for
communities near our operations and
for society at large
Page 20
Inferred resources increased by 38 % in
contained silver and 26 % in contained gold
Page 22
Silver and gold production exceed guidance
by 8 % and 19 % respectively in 2012
Page 26
Healthy demand from several sectors is
expected to resume in 2013, boosting silver
consumption from most industrial sources
Page 29
Page 63
Inside Back Cover
Page 2
production, cash flow and earnings
increase for the sixth consecutive year
Page 4
We are better positioned than at any
time in the company’s history to create
sustainable value for our stakeholders
Page 7
I believe Fortuna has put in place the
right ingredients necessary to build a
great mining company
Page 10
Fortuna has consistently delivered strong
year-over-year growth in production and
earnings by following a disciplined
corporate strategy
2
15
14
22
26
10
This annual report contains forward-looking statements. Please refer to the cautionary
language under
on page 61
of the Management’s Discussion & Analysis.
Our Vision
to be valued by our workers, the
community and our shareholders as
a leading silver mining company in
latin America.
Our Mission
to create value through the growth of
silver reserves, metal production and
the efficient operation of our assets
with a commitment to safety, social
and environmental responsibility.
Our Values
We value the health and safety of our workers: We do not
tolerate unsafe acts or conditions
We value the environment: We subscribe to the highest
environmental standards
We value our neighbours and other stakeholders: We respect
cultural diversity and work as a strategic partner towards the
sustainable development of neighbouring communities
We value the commitment to excellence: We achieve high
standards and best practices
We value integrity: We act according to our philosophy
table of Contents
