Vancouver, October 5, 2023 – Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports record gold and gold equivalent production for the third quarter of 2023 from its five operating mines in West Africa and Latin America. Gold and silver production for the quarter was 94,821 ounces and 1.7 million ounces, respectively, or 128,671 gold equivalent ounces1, including lead and zinc by-products. Gold and silver production for the nine months totaled 219,260 ounces and 4.5 million ounces, respectively, or 316,235 gold equivalent ounces1, including lead and zinc by-products. Fortuna is well positioned to achieve annual production guidance.

Q3 2023 highlights

Record gold equivalent production of 128,671 ounces1; a 38 percent increase compared to Q2 2023 (93,454 Au Eq)2 anda 26 percent increase compared to Q3 2022 (101,840 Au Eq)3
Record gold production of 94,821 ounces; an increase of 47 percent compared to Q2 2023 (64,348 oz Au)2 and43 percent compared to Q3 2022 (66,344 oz Au)
Increase in gold production was driven mainly by Séguéla’s first full quarter of production and steady operating performance across all mines
Yaramoko’s annual gold production guidance revised upwards to 110 to 120 thousand ounces, an increase of approximately 14 percent
Silver production of 1,680,751 ounces
Strong safety performance across the business with Total Recordable Injury Frequency Rate (TRIFR) of 0.86 compared to 2.36 in Q3 2022

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