FoRtunA SIlVeR MIneS InC. | 2012 AnnuAl RepoRt
3
2012 Performance Chart
2012
2011
2010
Caylloma San Jose
Caylloma San Jose
Caylloma
Processed Ore
Mine
Mine Consolidated
Mine
Mine Consolidated
Mine
tonnes milled
462,222 369,022
448,866 125,301
434,656
Average tpd milled
1,266
1,055
1,272
949
1,231
Cash cost (uS$/oz Ag)
1
8.07
3.76
5.96
(0.78)
4.69
0.25
(5.99)
Silver
Grade (g/t)
177
188
171
144
159
Recovery (%)
77
88
81
85
86
production (oz)
2,038,579 1,949,178 3,987,757 2,008,488 490,555 2,499,043 1,906,423
Realized price (uS$/oz)
2
30.91
34.83
20.09
net realized price (uS$/oz)
3
27.40
31.09
18.18
Gold
Grade (g/t)
0.40
1.74
0.36
1.36
0.40
Recovery (%)
47
87
46
85
46
production (oz)
2,781 17,918
20,699
2,393
4,622
7,015
2,556
Realized price (uS$/oz)
2
1,648.83
1,631.39 1,227.52
net realized price (uS$/oz)
3
1,295.32
1,179.90
921.00
Lead
Grade (%)
1.99
–
2.15
–
2.44
Recovery (%)
88
–
93
–
91.28
production (000 lbs)
17,886
–
17,886
19,677
–
19,677
21,373
Realized price (uS$/lb)
2
0.94
1.10
0.98
net realized price (uS$/lb)
3
0.63
0.86
0.79
Zinc
Grade (%)
2.56
–
2.68
–
3.10
Recovery (%)
85.77
–
88
–
88
production (000 lbs)
22,396
–
22,396
23,424
–
23,424
26,137
Realized price (uS$/lb)
2
0.88
1.00
0.98
net realized price (uS$/lb)
3
0.66
0.66
0.60
Copper
production (000 lbs)
–
–
–
–
1,026
Total: 1,110
Caylloma Mine
56 %
Caylloma Mine
52 %
San Jose Mine
44 %
San Jose Mine
41 %
Total: 780
Fortuna Silver Mines
7 %
2012 Head Count
Employees
Contractor Employees
1
Net of by-product credits
2
Based on provisional sales before final price adjustments
3
Net after payable metal deductions, treatment, and refining charges. Treatment charges are allocated to the base metals in Caylloma
and to gold in San Jose
