6
FORTUNA SILVER MINES INC. | 2013 ANNUAL REPORT
Operating Highlights
2013
2012
2011
Caylloma San Jose
Caylloma San Jose
Caylloma San Jose
Mine
Mine
Consolidated Mine
Mine Consolidated Mine
Mine Consolidated
Processed Ore
Tonnes milled
458,560 456,048
462,222 369,022
448,866 116,410
Average tpd milled
1,284
1,296
1,266
1,055
1,264
954
Silver
Grade (g/t)
173
194
177
188
171
150
Recovery (%)
82
89
77
88
81
85
Production (oz)
2,104,061 2,527,203 4,631,264 2,038,579 1,949,178 3,987,757 2,008,488 478,167 2,486,655
Realized Price ($/oz)*
23.49
30.91
34.83
Net Realized Price ($/oz)**
20.97
27.40
31.09
Gold
Grade (g/t)
0.36
1.46
0.40
1.74
0.36
1.43
Recovery (%)
42
89
47
87
46
85
Production (oz)
2,212 19,031 21,242
2,781 17,918 20,699
2,393 4,524
6,917
Realized Price ($/oz)*
1,394.91
1,648.83
1,631.39
Net Realized Price ($/oz)**
1,040.51
1,295.32
1,179.90
Lead
Grade (%)
1.92
1.99
2.15
Recovery (%)
91
88
93
Production (000 lbs)
17,780
17,780 17,886
17,886 19,678
19,678
Realized Price ($/lb)*
0.97
0.94
1.10
Net Realized Price ($/lb)**
0.72
0.63
0.86
Zinc
Grade (%)
2.83
2.56
2.68
Recovery (%)
88
86
88
Production (000 lbs)
25,211
25,211 22,396
22,396 23,425
23,425
Realized Price ($/lb)*
0.87
0.88
1.00
Net Realized Price ($/lb)**
0.61
0.66
0.66
unit Costs
Cash Cost /oz Ag ($)***
7.65
6.53
7.03
8.07
3.76
5.96
(0.78)
4.69
0.25
All-in sustaining cash
cost/oz Ag ($) ***
20.83
15.89
20.45
24.05
15.64
23.02
–
–
–
Cash cost /t ($)
91.22
71.41
87.28
74.10
69.12 50.73
Unit Net Smelter Return ($/t)
161.19 160.76
183.29 209.70
221.01 155.56
* Based on provisional sales before final price adjustments
** Net after payable metal deductions, treatment, and refining charges; treatment charges are allocated to the base metals in Caylloma and to gold in San Jose
*** Net of by-product credits
2013 HIGHLIGHTS
