stock information stock informationstock information stock information
Production:
Caylloma Mine, Peru
Construction:
San Jose Project, Mexico NI 43 - 101 Reserves & Resources NI 43 - 101 Technical Reports


Show printable version of 'Assets' item in a New WindowEmail 'Assets' item to a friend
SanJose Project Caylloma

Fortuna Silver Mines Inc. was created in 2004 with a mandate to acquire advanced silver exploration projects and/or producing silver mines in Latin America. In 2005, we acquired the Caylloma silver-lead-zinc Mine in Arequipa, Peru and in 2006, 76% of the San Jose silver-gold Project in Oaxaca, Mexico. In August 2008, Fortuna and Continuum Resources Ltd. announced an agreement whereby Fortuna would acquire all of the issued and outstanding securities of Continuum. In January of 2009, the acquisition was completed and Fortuna now owns 100% of the San Jose Project.

Peru
Peru has always been recognized as an important mining country in Latin America. A country with a lot of opportunities and resources but with a past history that did not attract foreign investment. Before 1990, the industry was technologically challenged and depended on private financing to develop projects or further expand existing operations. It was not until the defeat of terrorist organizations and the stabilization of the political arena that Peru's mining industry turned tables. Today, Peru is seen as a country with immense mining potential. A country were most, if not all, major producing mining companies have presence.

In 2007, Peru was the world's first silver producer with 3,494 MT (16.58 % of world's production), the fifth gold producer with 170.13 TM (6.8 % of world's production), the third zinc producer with 1,444,354 MT (14.28 % of world's production), the fourth lead producer with 329,154 MT (9.29 % of world's production) and the third copper producer with 1,190,281 MT (7.62 % of world's production).

Please refer to the links below to find out about Peru and its mining scene. Mexico
Mexico's mining history dates back to before the arrival of the Spanish conquistadores. Nevertheless, domestic instability, low metal prices and restrictions on foreign investment hindered the development of a competitive mining industry. Hence, mining activities were undertaken by large local mining conglomerates and small miners.

The increase in demand for commodities and precious metals has revolutionized Mexican mining. The Fraser Institute has rated Mexico as a country with great geological potential and more than two hundred and fifty international companies have presence in the country.

In 2007, Mexico was the world's second silver producer with 2,300 MT and the twelfth copper producer with 323,000 MT.

Please refer to the links below to find out about Mexico and its mining scene: