|Fortuna Silver Mines Inc. - FVI.t operates two key producing mines. The San Jose Ag-Au Project is located within the Taviche Mining District located in southern Oaxaca, Mexico. The Caylloma Ag-Zn-Pb-Cu Mine is located in the Caylloma Mining District in the southern highlands of Arequipa, Peru.|
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 of US$11.1 per ounce of silver.
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) ("Fortuna" or the "Company") announces that it has entered into an agreement with a syndicate of underwriters, co-led by Raymond James Ltd., BMO Capital Markets and Scotia Capital Inc. (together the "Underwriters"), pursuant to which the Underwriters have agreed to buy on a bought deal basis, 10,325,000 common shares of the Company (the "Common Shares") at a price of US$6.30 per Common Share, for total gross proceeds of approximately US$65.0 million (the "Offering"). The Company has also granted to the Underwriters an over-allotment option (the "Over-Allotment Option") to purchase up to 1,548,750 additional Common Shares (the "Over-Allotment Shares", and together with the Common Shares, the "Offered Shares"). The Over-Allotment Option will be exercisable for a period of 30 days following closing of the Offering.