TSX: FVI CA $8.01    NYSE: FSM US $6.12
  

2017 Production And Cash Cost Guidance

  Silver
(Moz)
Gold
(koz)
Zinc
(Mlb)
Lead
(Mlb)
Cash Cost
(US$/t)
AISC
(US$/oz Ag)
Production Guidance 1.0 0.5 41.0 30.0    
Cash Cost Guidance         75.5 10.8

Notes:

1. Cash cost per tonne includes all on-site direct and indirect production costs, community relations expenses, concentrate transportation and corporate management fees. It excludes government royalties and workers participation.

2. All-in sustaining cash cost (AISC) per ounce of silver is net of by-products gold, lead and zinc

2017 AISC Guidance  
Item
US$/oz
Cash cost net of by-product credits  -8.9
     Commercial and government royalties/ mining tax   0.9
     Workers' participation   0.2
     Subsidiary G&A   3.4
     Sustaining CAPEX 11.0
     Brownfields exploration   4.2
AISC 10.8

Caylloma Mine Exploration