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BUILDING A WORLD-LEADING PRECIOUS METALS MINING COMPANY

Fortuna Silver Mines is positioned for sustainable growth with two low-cost underground operating mines in Peru and Mexico and a fully permitted, development-stage gold project in Argentina. Formed in 2005, the company has established a reputation as an efficient mine builder and strong operator. Today, Fortuna is one of Latin America's fastest-growing precious metals producers with commanding land packages which offer attractive opportunities for driving organic growth.

The company's production forecast for 2016 is 7.0 million ounces of silver and 42,800 ounces of gold at a consolidated all-in sustaining cash cost, net of by-product credits, of US$11.1 per ounce of silver. [Refer to Note # 1 in our 2016 Production and Cash Cost Guidance section.]

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