San Jose Mine Cash Cost
Expressed in $‘000’s
YTD
YTD
Q4 2014
Q4 2014
Q4 2013
Q4 2013
Cost of sales
1
14,661
62,622
13,080
41,947
Add / (Subtract):
Change in concentrate inventory
366
(1,006)
462
105
Depletion and depreciation in
concentrate inventory
(98)
232
(113)
117
Government royalties and mining taxes
(71)
(487)
–
–
Workers participation
(456)
(3,556)
(81)
(81)
Depletion and depreciation
(3,425)
(15,161)
(3,320)
(9,520)
Cash cost (A)
10,977
42,644
10,028
32,568
Total processed ore (tonnes) (B)
181,702
676,959
158,218
456,048
Cash cost per tonne of processed ore
($/t) (A/B)
60.41
62.99
63.38
71.41
Cash cost (A)
10,977
42,644
10,028
32,568
Add / (Subtract):
By-product credits from gold
(7,791)
(32,244)
(6,017)
(19,775)
Refining charges
1,071
4,369
881
3,007
Cash cost applicable per payable ounce (C)
4,257
14,769
4,892
15,800
Payable ounces of silver production (D)
1,031,736
4,195,180
880,961
2,421,383
Cash cost per ounce of payable silver
($/oz) (C/D)
4.13
3.52
5.55
6.53
Mining cost per tonne
32.73
31.51
34.21
34.50
Milling cost per tonne
14.11
16.08
14.27
16.95
Indirect cost per tonne
7.94
9.18
9.44
13.19
Community relations cost per tonne
1.53
1.25
1.08
1.88
Distribution cost per tonne
4.10
4.97
4.38
4.89
Total production cost per tonne
60.41
62.99
63.38
71.41
1
Includes depletion, depreciation, distribution, community relations, government royalties and mining taxes, and workers participation
48
FORTUNA SILVER MINES INC. | 2014 ANNUAL REPORT
