Record Ag numbers and nearly 300k lbs Cu to add to the mix, folks. FVI is the special one. Press Release Source: Fortuna Silver Mines Inc. On Monday April 12, 2010, 11:28 am
VANCOUVER, April 12 /CNW/ - Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) - is pleased to announce its production figures for first quarter 2010.
First Quarter Highlights
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- Record silver production of 479,821 ounces; 30% increase over Q1 2009
- Zinc production of 6,868,811 pounds; 1% decrease over Q1 2009
- Lead production of 5,920,140 pounds; 1.5% increase over Q1 2009
- Copper production of 295,854 pounds; 213% increase over Q4 2009
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Q1 2010 record silver production is due to to improved grades in production stopes with respect to the mine plan and contribution of development material from the new high grade discovery made in the upper levels of the Caylloma vein. Exploration drilling of this discovery is ongoing concurrent with stope preparation for production. The Company is prioritizing the definition of resources in this new area to incorporate them into the mine plan this year. This is the first full quarter of commercial operation for the copper circuit with a production of 295,854 pounds of Cu in concentrate.
Operating Highlights
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Q1 - 2010 Q4 - 2009 Q1 - 2009
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Processed ore (t) 101,503 97,989 91,449
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Head grade
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Ag (g/t) 167.23 165.05 147.81
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Zn (%) 3.44 3.42 3.83
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Pb (%) 2.87 3.14 3.11
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Cu (%) 0.25 0.24 0.23
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Recovery(%)
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Ag (1) 88 86 85
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Zn 89 89 90
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Pb 92 93 93
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Cu 53 -- --
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Q1 - 2010 Q4 - 2009 Q1 - 2009
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Metal produced
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Ag (oz) (2) 479,821 449,449 367,986
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Zn (lb) 6,868,811 6,597,229 6,948,967
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Pb (lb) 5,920,140 6,322,356 5,831,316
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Cu (lb) 295,854 94,227 --
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(1) Ag recovery in Pb and Cu concentrate
(2) Ag production in Pb and Cu concentrate
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A NI 43 - 101 Technical Report dated August 11, 2009 on Reserves and Resources for the Caylloma Mine is available on the Company's website at
www.fortunasilver.com.
www.fortunasilver.com.