181.8
161.0
74.1
110.0
51.4
‘13E
‘12 ‘11 ‘10 ‘09
73.7
62.2
24.4
39.1
‘13E
‘12 ‘11 ‘10
‘12 ‘11 ‘10
0.15 0.16
0.25
‘12 ‘11 ‘10
0.23
0.32
0.50
L
FoRtunA SIlVeR MIneS InC. | 2012 AnnuAl RepoRt
2
2012 Highlights
Annual financial and operational performance
• Sales increase uS$51.0 million or 46 % to uS$161.0 million
· Cash cost per silver ounce of uS$5.96 per ounce, net of by-product credits for gold,
lead and zinc
· net income grows uS$12.0 million or 62 % to uS$31.5 million
· Cash generated by operating activities rises uS$23.1 million or 59 % to uS$62.2 million
· Basic earnings per share increases uS$0.09 or 56 % to uS$0.25
· Silver production increases 1.5 million ounces or 60 % to 4.0 million ounces
· Gold production increases 13,684 ounces or 195 % to 20,699 ounces
· Inferred resources increased by 38 % in contained silver and 26 % in contained gold
Community and environment
• Implemented various economic development programs in San Jose del progreso,
Mexico, to support local artisans, mine contractors and suppliers
• Started construction of sport and community arena in Caylloma, peru, that will
benefit over 5,000 residents when completed in July 2013
Capital Share Structure
As of April 16, 2013
Issued and outstanding
125,305,166
options
6,067,474
Fully Diluted
131,372,640
performance Growth
Production, cash flow and earnings increase for the
sixth consecutive year
2011
Gold
6 %
Zinc
14 %
Lead
15 %
Silver
65 %
2010
Gold
3 %
Zinc
21 %
Lead
23 %
Silver
49 %
Copper
4 %
2012
Gold
17 %
Zinc
9 %
Lead
7 %
Silver
67 %
Sales by Metal
Sales
(US$ million)
Cash Flow from Operations
(US$ million)
Cash Flow per Share
(US$)
Earnings per Share
(US$)
