PROFEPA report confirms no contamination of soil from overflow of contingency pond at the San Jose Mine, Mexico in October 2018

Fortuna Silver Mines Inc. is pleased to report that the Federal Attorney’s Office for Environmental Protection (PROFEPA) has completed its investigation into the overflow of the contingency pond at the dry stack tailings facility at the San Jose Mine on October 8, 2018, which was caused by heavy seasonal rains. PROFEPA’s final report confirms that the overflow did not contaminate soil, and therefore no remediation is required.

Fortuna provides review of Brownfields exploration programs

David F. Volkert, Vice President of Exploration, commented, “An important exploration priority at Fortuna is to continue adding to the longevity of our mines. During the third and fourth quarters of 2017 and throughout 2018, the Company drilled a total of 62,412 meters in 134 surface and underground diamond holes at the San Jose and Caylloma mines and at the Arizaro Project, located within the Lindero Project concession block in Argentina.”

SilverCrest Announces Babi Sur Vein High-Grade Discovery at Las Chispas

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “The Babi Sur Vein is now the sixth high-grade vein discovery in the Babicanora area, each parallel to the Babicanora Vein with an average spacing of 150 metres between each. This discovery provides further understanding of our evolving geological model, which we are using to successfully discover additional high-grade mineralization in the district. “

New Gold Provides 2019 Operational Outlook

Cerro San Pedro Mine. During the year closure activities will continue that primarily focus on closing and reclaiming mine infrastructure while working closely with local communities and governments in order to leave a positive legacy.

Torex Announces Positive Results From Its First Infill Program Targeting the El Limon Deep (ELD) Zone

Fred Stanford, President and CEO of Torex stated: “These initial results illustrate the potential of the Morelos Property to continue to offer incremental ore sources to complement the production from the open pits, and potentially from Media Luna after the pits are mined out. ELD is ‘above the sill’, whereas Sub-Sill is ‘below the sill’. Both are accessed from the same underground infrastructure. ELD is where testing of the Muckahi Mining System will take place, starting this quarter.”

Hecla Reports Record Silver, Gold and Lead Reserves

Reserves in stable jurisdictions are a mining company’s most important asset. Hecla now has the largest reserve in its 128-year history and its largest single year increase because of exploration. The increase reflects the quality of the districts we control; our long-term, consistent strategy; and the capturing and use of all the data that long-lived mines have, said Phillips S. Baker, Jr., President and CEO.

Santacruz Silver Reports 2018 Annual Production Results

Carlos Silva, Santacruz’s COO stated, “Production at Veta Grande is steadily improving as a result of increased mine development during the year leading to additional stopes coming online and less reliance on previously mined mineralized material (Chorros) as feed to the mill. The ongoing mine development at the Armados, Navidad and Garcia mines has positioned our Veta Grande operations for continued improvements in 2019.”

Silver One Commences Drilling at Its Peñasco Quemado Project, Mexico

Greg Crowe, President and CEO commented, “The strength of the soil geochemical anomalies near to a historically defined, manto or replacement style silver resource, in combination with geophysical anomalies strongly highlights Peñasco Quemado as a highly prospective drill target. The property hosts geological similarities to the silver-manganese oxide and zinc-lead-silver sulphide mineralization at the Hermosa and Taylor projects located just over 100 kilometres to the north in Arizona. These properties are currently being evaluated by South 32 acquired through the takeover of Arizona Mining in August 2018.”

Goldcorp Reports Fourth Quarter 2018 Results

As a result of the previously announced acquisition of the Company by Newmont Mining Corporation for approximately $10 billion, Goldcorp recognized a non-cash impairment of $3,879 million (net of tax) representing the difference between the book value of the Company’s shareholder’s equity and the Newmont offer. Accordingly, the net loss for the fourth quarter of 2018 was $3,984 million or $4.58 per share, compared to net earnings of $242 million or $0.28 per share, for the fourth quarter of 2017.

First Mexican Gold Credit Facility Update

To date, the Company is of the view that Isatis Capital has not fulfilled its obligations under its agreement with the Company and there has been no material progress on the credit facility. This lack of performance has affected the Company’s ability to move forward in the timely development of the Guadalupe property as planned.

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