Fortuna regrets to report a fatality at its Caylloma Mine in Peru

Rhea-AI Summary

Fortuna Silver Mines Inc. reports a fatality at the Caylloma Mine in Peru. The accident occurred during underground mining operations and an investigation is underway. No other personnel were injured.

Positive

• The accident at the Caylloma Mine resulted in a fatality, highlighting a potential negative impact on the company's reputation and employee morale.
• An investigation is underway to determine the cause of the accident, which could lead to potential operational changes or safety improvements.
• Underground mining operations were temporarily suspended but have since resumed, indicating a commitment to maintaining production levels.
• The company's President, CEO, and Director expressed condolences and emphasized their commitment to achieving a zero-harm work environment.
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Negative

• The fatality at the Caylloma Mine could lead to potential legal and regulatory implications, which may result in financial penalties or increased compliance costs.
• The incident raises concerns about the company's safety protocols and procedures, potentially impacting investor confidence.
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VANCOUVER, British Columbia, June 05, 2023 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) regrets to report that a fatality involving a worker employed by a mining contractor occurred at the Caylloma Mine located in Arequipa, Peru. The accident took place on Friday, June 2, 2023.

Jorge A. Ganoza, President, CEO and Director of Fortuna, commented, “The health and safety of our workforce is a top priority at Fortuna, and we mourn this tragic loss at the Caylloma mine. We are focused now on ensuring the necessary support to family and colleagues and a prompt investigation into this accident involving one of our contractor employees. The leadership of the company and over 5,500 employees and contractors across our operations reaffirm our steadfast commitment to achieving a zero-harm work environment.”

The accident occurred during underground mining operations and no other personnel were injured. The appropriate government and local authorities have been properly notified and an investigation to determine the cause of the accident is underway. A site-wide safety stop took place, and underground mining operations were suspended before resuming on Sunday.

At Fortuna, the health and safety of all employees and contractors is our highest priority, and we remain more committed than ever to our objective of zero harm.

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza
President, CEO, and Director
Fortuna Silver Mines Inc.

Investor Relations:

Carlos Baca | info@fortunasilver.com | www.fortunasilver.com | Twitter | LinkedIn | YouTube

FAQ

What happened at Fortuna Silver Mines Inc.'s Caylloma Mine?

A fatality occurred involving a worker employed by a mining contractor during underground mining operations.

What is being done to address the accident?

An investigation is underway to determine the cause of the accident, and the company has temporarily suspended underground mining operations.

How has the accident affected production at the Caylloma Mine?

Underground mining operations were temporarily suspended but have since resumed.

What is Fortuna Silver Mines Inc.'s commitment to safety?

The company's President, CEO, and Director expressed their commitment to achieving a zero-harm work environment.

What are the potential implications of the accident?

The incident could have negative impacts on the company's reputation, employee morale, and investor confidence. It may also lead to legal and regulatory implications.