UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2023
Commission File Number 001-35297
Fortuna Silver Mines Inc.
(Translation of registrant’s name into English)
200 Burrard Street, Suite 650, Vancouver, British
Columbia, Canada V6C 3L6
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
FORM 20-F ¨ FORM
40-F þ
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Fortuna Silver Mines Inc. |
|
(Registrant) |
|
|
|
Date: October 30, 2023 |
By: |
/s/ "Jorge Ganoza Durant" |
|
|
Jorge Ganoza Durant |
|
|
President and CEO |
Exhibits:
99.1 News release dated October 30, 2023
Exhibit 99.1
|
NEWS RELEASE |
Fortuna receives positive decision
from Mexican Court which reinstates
the San Jose Mine environmental impact authorization
Vancouver, October 30, 2023: Fortuna Silver
Mines Inc. (NYSE: FSM) (TSX: FVI) reports that the Mexican Federal Administrative Court (the “Court”) has ruled in favour
of Minera Cuzcatlan, Fortuna’s Mexican subsidiary, and re-instated the 12-year environmental impact authorization (“EIA”)
for the San Jose Mine.
On January 2, 2023, Minera Cuzcatlan received
written notice of a resolution issued by the Secretaria de Medio Ambiente y Recursos Naturales (“SEMARNAT”) which annulled
the 12-year term of the EIA for the San Jose Mine and required SEMARNAT to re-assess it. Minera Cuzcatlan subsequently initiated legal
proceedings in the Court to contest and revoke the annulment of the EIA and obtained a permanent injunction to protect its operations
pending the decision of the Court.
In its ruling, the Court dismissed the allegations
of SEMARNAT contained in the annulment resolution.
The San Jose Mine is in full compliance with all material environmental laws and continues to operate under the terms of the EIA. The
decision of the Court is subject to appeal by SEMARNAT, and if appealed, the permanent injunction that the Company already has will remain
in effect.
About Fortuna Silver Mines Inc.
Fortuna Silver Mines Inc. is a Canadian precious
metals mining company with five operating mines in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru. 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
| X | LinkedIn | YouTube
Forward-looking Statements
This news release contains forward looking
statements which constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995 (collectively, "Forward-looking Statements"). All statements included herein, other than statements of historical
fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this
news release include, without limitation, the Company's business strategy, plans and outlook; the merit of the Company's mines and mineral
properties; the future financial or operating performance of the Company; and the possibility that SEMARNAT may appeal the decision of
the Court. Often, but not always, these Forward looking Statements can be identified by the use of words such as "estimated",
“expected”, “anticipated”, "potential", "open", "future", "assumed", "projected",
"used", "detailed", "has been", "gain", "planned", "reflecting", "will",
"containing", "remaining", "to be", or statements that events, "could" or "should" occur
or be achieved and similar expressions, including negative variations.
Forward-looking Statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially
different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and
factors include, among others, operational risks associated with mining and mineral processing; uncertainty relating to Mineral Resource
and Mineral Reserve estimates; uncertainty relating to capital and operating costs, production schedules and economic returns; uncertainties
related to new mining operations such as the Séguéla Mine; risks relating to the Company’s ability to replace its
Mineral Reserves; risks associated with mineral exploration and project development; uncertainty relating to the repatriation of funds
as a result of currency controls; environmental matters including obtaining or renewing environmental permits and potential liability
claims; uncertainty relating to nature and climate conditions; risks associated with political instability and changes to the regulations
governing the Company’s business operations; changes in national and local government legislation, taxation, controls, regulations
and political or economic developments in countries in which the Company does or may carry on business; risks associated with war, hostilities
or other conflicts, such as the Ukrainian - Russian conflict, and the impact it may have on global economic activity; risks
relating to the termination of the Company’s mining concessions in certain circumstances; developing and maintaining relationships
with local communities and stakeholders; risks associated with losing control of public perception as a result of social media and other
web-based applications; potential opposition to the Company’s exploration, development and operational activities; risks related
to the Company’s ability to obtain adequate financing for planned exploration and development activities; property title matters;
risks relating to the integration of businesses and assets acquired by the Company; impairments; risks associated with climate change
legislation; reliance on key personnel; adequacy of insurance coverage; operational safety and security risks; legal proceedings and potential
legal proceedings; the ability of SEMARNAT to appeal the decision of the Mexican Court; temporary restrictions imposed by the Company’s
lenders on the Company’s abilities under the Credit Facility; our ability to access the capital markets; uncertainties relating
to general economic conditions; risks relating to a global pandemic, which could impact the Company’s business, operations, financial
condition and share price; competition; fluctuations in metal prices; risks associated with entering into commodity forward and option
contracts for base metals production; fluctuations in currency exchange rates and interest rates; tax audits and reassessments; risks
related to hedging; uncertainty relating to concentrate treatment charges and transportation costs; sufficiency of monies allotted by
the Company for land reclamation; risks associated with dependence upon information technology systems, which are subject to disruption,
damage, failure and risks with implementation and integration; risks associated with climate change legislation; labour relations issues;
as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form. Although the Company has
attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in
Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated
or intended.
Forward-looking Statements contained herein
are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to that the Company’s
activities will be conducted in accordance with the Company’s public statements and stated goals; that there will be no material
adverse change affecting the Company, its properties or its production estimates (which assume accuracy of projected head grade, mining
rates, recovery timing, and recovery rate estimates and may be impacted by unscheduled maintenance, labour and contractor availability
and other operating or technical difficulties); the duration and effect of global and local inflation; geo-political uncertainties on
the Company’s production, workforce, business, operations and financial condition; the expected trends in mineral prices, inflation
and currency exchange rates; that all required approvals and permits will be obtained for the Company’s business and operations
on acceptable terms; that there will be no significant disruptions affecting the Company's operations; the Company’s ability to
access the capital markets; the ability to meet current and future obligations and such other assumptions as set out herein. Forward-looking
Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as
a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these Forward-looking
Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, investors should not place undue reliance on Forward-looking Statements.
Fortuna Silver Mines (NYSE:FSM)
Historical Stock Chart
From Apr 2024 to May 2024
Fortuna Silver Mines (NYSE:FSM)
Historical Stock Chart
From May 2023 to May 2024