<SEC-DOCUMENT>0001104659-22-078722.txt : 20220711
<SEC-HEADER>0001104659-22-078722.hdr.sgml : 20220711
<ACCEPTANCE-DATETIME>20220711132354
ACCESSION NUMBER:		0001104659-22-078722
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220711
FILED AS OF DATE:		20220711
DATE AS OF CHANGE:		20220711

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORTUNA SILVER MINES INC
		CENTRAL INDEX KEY:			0001341335
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35297
		FILM NUMBER:		221076506

	BUSINESS ADDRESS:	
		STREET 1:		200 BURRARD ST
		STREET 2:		SUITE 650
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3L6
		BUSINESS PHONE:		604-484-4085

	MAIL ADDRESS:	
		STREET 1:		200 BURRARD ST
		STREET 2:		SUITE 650
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3L6
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2220785d1_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR<BR>
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of <U>July&nbsp;2022</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number <U>001-35297</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Fortuna Silver Mines Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>200 Burrard Street, Suite&nbsp;650, Vancouver,
British Columbia, Canada V6C 3L6</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FORM&nbsp;20-F
 &nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FORM&nbsp;40-F
 &nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark if the registrant is submitting the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(1): &nbsp;</FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark if the registrant is submitting the Form&nbsp;6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b)(7): &nbsp;</FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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.</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Fortuna Silver Mines Inc.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Registrant)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">Date: &nbsp;July&nbsp;11, 2022</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ &nbsp;&quot;<I>Jorge Ganoza Durant&quot;</I></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jorge Ganoza Durant</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President and CEO</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibits:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"><B>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;News
release dated July&nbsp;11, 2022.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2220785d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red"><B>&nbsp;</B></P>

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    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;<IMG SRC="tm2220785d1_ex99-1img001.jpg" ALT=""></TD>
    <TD STYLE="text-align: center; width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; color: #595959">NYSE: <B>FSM</B> | TSX: <B>FVI</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; color: #595959">www.fortunasilver.com</P></TD>
    <TD STYLE="vertical-align: middle; width: 33%; padding-left: 5.4pt; text-align: right; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>NEWS RELEASE</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: Red">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #365f91"><B>Fortuna reports solid production
of 96,712 gold equivalent ounces for&nbsp;the&nbsp;second&nbsp;quarter of 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Vancouver,
July 11, 2022 &ndash;</B></FONT><B> Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) </B>reports solid production results for the second
quarter of 2022 from its four operating mines in the Americas and West Africa.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #365f91"><B>Gold and silver production
highlights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify">Gold production of 62,171 ounces; 100 percent increase over Q2 2021</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify">Silver production of 1,652,895 ounces; 13 percent decrease over Q2 2021</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify">Gold equivalent<SUP>1</SUP> production of 96,712 ounces</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company delivered a steady production performance in the second quarter of 2022 with all mines on target to achieve annual guidance for
silver and gold. Gold production of 62,171&nbsp;ounces, an increase of 100 percent year-over-year, was mainly driven by contributions
of 29,016 ounces from the Lindero Mine and 24,553 ounces from the Yaramoko Mine, acquired in July 2021 (refer to Fortuna news release
dated July 2, 2021</FONT>). Silver production of 1,652,895 ounces, a 13 percent decrease over the comparable period in 2021, was primarily
driven by a 9 percent decrease in head grade at the San Jose Mine, which is in line with the Mineral Reserve average grade for the second
quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">By-product base metal production amounted to 7.6
million pounds of lead and 10.9 million pounds of zinc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Silver
and gold production for the first six months of 2022 totaled 3,323,023 ounces and 128,971 ounces, respectively. Fortuna reiterates its
annual production guidance range of 6.2 to 6.9 million ounces of silver and 244&nbsp;to 280 thousand ounces of gold; an annual production
of between 369,000 to 420,000 ounces gold equivalent<SUP>2</SUP> in 2022, including lead and zinc by-products (refer to Fortuna news release
dated January 18, 2022</FONT>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

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<TD STYLE="width: 0.5in">Notes:</TD><TD STYLE="text-align: justify"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="text-align: justify; width: 97%">Au Eq includes gold, silver, lead and zinc and is calculated using the following metal prices: US$1,869/oz
Au, US$22.62/oz Ag, US$2,240/t&nbsp;Pb and US$3,948/t Zn or Au:Ag = 1:82.65, Au:Pb = 1:0.83, Au:Zn = 1:0.47</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: left; width: 97%">Au Eq includes gold, silver, lead and zinc and is calculated using the following metal prices: US$1,700/oz
Au, US$22/oz Ag, US$2,100/t&nbsp;Pb and US$2,700/t Zn or Au:Ag = 1:77.27, Au:Pb = 1:0.81, Au:Zn = 1:0.63<BR STYLE="clear: both">
</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #365f91">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #365f91"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #365f91">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #365f91"><B>Second Quarter 2022 Consolidated
Operating Highlights </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 279.15pt">&nbsp;</P>

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  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid; background-color: #DBE5F1; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>Second Quarter 2022</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: gray 1pt solid; border-bottom: gray 1pt solid; background-color: #DBE5F1; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>Second Quarter 2021</B></FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; vertical-align: bottom; width: 15%; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid; width: 8%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>Lindero, </B></FONT><BR>
<FONT STYLE="font-size: 10pt; color: #1f497d"><B>Argentina</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: gray 1pt solid; width: 7%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>San Jose, <BR>
Mexico</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: gray 1pt solid; width: 11%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>Yaramoko<SUP>3</SUP>, Burkina Faso</B></FONT></TD>
    <TD STYLE="border-top: gray 1pt solid; border-bottom: gray 1pt solid; width: 8%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1f497d"><B>Caylloma,</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1f497d"><B>Peru</B></P></TD>
    <TD STYLE="border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid; width: 9%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>Consolidated</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; width: 7%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>Lindero,<BR>
Argentina</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; width: 7%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>San Jose, Mexico</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; width: 11%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>Yaramoko<SUP>3</SUP>, Burkina Faso</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; width: 7%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1f497d"><B>Caylloma, </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: #1f497d"><B>Peru</B></P></TD>
    <TD STYLE="border-bottom: gray 1pt solid; width: 9%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #1f497d"><B>Consolidated</B></FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; width: 1%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD COLSPAN="11" STYLE="padding-top: 2pt; padding-right: 46.75pt; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><B>OPERATIONAL FIGURES</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: center; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Tonnes milled</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">251,945</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">138,787</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">135,977</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">269,565</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">133,645</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Average tpd milled</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">2,831</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,567</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,528</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,029</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,536</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Ore placed on pad (t)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,502,074</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,502,074</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,477,000</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-top: 2pt; background-color: #F2F2F2; text-align: justify; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><B>SILVER<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Grade (g/t)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">187</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">77</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">205</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">76</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Recovery (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">91.33</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">79.43</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91<FONT STYLE="color: black">.51</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">82.58</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Production (oz)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,385,336</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">267,559</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,652,895</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,624,394</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">268,428</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,892,822</FONT></TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-top: 2pt; background-color: #F2F2F2; text-align: justify; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><B>GOLD<SUP>2</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Grade (g/t)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">0.74</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1.13</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.42</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.17</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">0.95</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1.30</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">0.42</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Recovery (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">90.5</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">97.1</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">42.52</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">91.19</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">69.08</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Production (oz)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">29,016</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">8,295</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24,553</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">307</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62,171</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">19,521</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">10,266</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">1,261</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">31,048</FONT></TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-top: 2pt; background-color: #F2F2F2; text-align: justify; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><B>LEAD</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Grade (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">3.00</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">3.09</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Recovery (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">85.04</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">89.53</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Production (lbs)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">7,636,813</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">7,636,813</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">8,143,876</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">8,143,876</FONT></TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="11" STYLE="padding-top: 2pt; background-color: #F2F2F2; text-align: justify; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black"><B>ZINC</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Grade (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">4.09</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">4.58</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Recovery (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">88.70</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">87.14</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; text-align: justify; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: left; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">Production (lbs)</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">10,886,426</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">10,886,426</FONT></TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">11,763,866</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 0.1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: black">11,763,866</FONT></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin: 0">Notes:</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="text-align: justify; width: 97%">Metallurgical recovery for silver at the Caylloma Mine is calculated based on silver content in lead concentrate</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: justify; width: 97%">Lindero and Yaramoko production includes dor&eacute; only</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.</FONT></TD><TD STYLE="text-align: justify; width: 97%">As Fortuna did not own or operate the Yaramoko Mine during the second quarter of 2021, it is not making
a comparison to a previous period</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.</FONT></TD><TD STYLE="text-align: justify; width: 97%">Totals may not add due to rounding</TD></TR></TABLE>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; color: #365f91; margin: 0pt 0; text-align: justify"><B>Latin America </B></P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Solid gold and silver quarterly production at
the Company&rsquo;s mines in Latin America. The COVID-19 absenteeism impact on production experienced at the beginning of the year has
been greatly mitigated by strong production at all three operating mines in the second quarter, demonstrating a steady production performance
which is on track to meet the annual guidance range.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Quarterly Highlights </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify">Lindero&rsquo;s gold production is aligned to achieve annual guidance. The operation continues its focus
on capturing higher productivity opportunities in all processes and has been successful at achieving important reductions on key consumables
during the second quarter</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="text-align: justify">Silver production at the San Jose and Caylloma mines is in line to achieve the upper range of annual guidance</TD></TR></TABLE>

<P STYLE="color: #365F91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; color: #365F91; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #365F91; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; color: #365F91; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #365f91"><B>Lindero
Mine, Argentina: G</B></FONT>old production aligned with annual guidance</P>

<P STYLE="color: #365F91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold
</FONT>production was 29,016&nbsp;ounces, representing a 49 percent increase year-over-year. Higher gold production is explained by an
increase in performance of the three-stage crushing and stacking circuits, which delivered 99 percent of the 1.5 million tonnes of ore
placed on the pad in the quarter, compared to 46 percent or 0.7 million tonnes of the 1.47 million tonnes placed in the comparable quarter
a year ago. Mine production was 2.2 million tonnes of mineralized material with a strip ratio of 1:1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the second quarter of 2022, a total of 1.5 million tonnes of ore were placed on the leach pad, averaging 0.74&nbsp;g/t&nbsp;gold and containing
35,784 ounces of gold. During the second quarter, the operation was successful at mitigating and reducing the production shortfall of
ore placed on the leach pad experienced in the first quarter by 50 percent (refer to Fortuna news release dated April 11, 2022</FONT>).
The operation continues delivering a strong performance aligned with annual guidance. Gold production for the first six months of 2022
totaled 59,084 ounces.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As part of the continuous measures to improve
productivity, management has implemented various high impact optimization initiatives to capture efficiencies at both the processing plant
and the mining operation, some of which were implemented during the second quarter. These initiatives include: the optimization of cyanide
recovery at the SART plant to significantly reduce fresh make-up cyanide consumption; lowering the consumption of sulfuric acid at the
SART plant, whilst maintaining its efficiency rate and copper balance; and optimizing the mining strategy by implementing additional temporary
ramps to significantly decrease trucking distance, improve truck productivity, and ultimately reduce trucking hours and total fleet diesel
consumption, supporting the Company&acute;s carbon footprint reduction strategy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The operation experienced a positive reconciliation
for ore sent to the leach pad during the second quarter, with grades sampled at the plant being 17 percent higher than estimated from
the reserve model.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>San Jose Mine, Mexico: Steady performer, on
track to achieve annual guidance </B></P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">In
the second quarter of 2022, the San Jose Mine produced </FONT><FONT STYLE="font-weight: normal">1.38 million ounces of silver and 8,295
ounces of gold, both on target to meet annual guidance. Measured against the comparable quarter of the previous year, silver and gold
production was 15&nbsp;percent and 19 percent lower respectively. The decreases are a result of a combination of 7 percent lower mill
throughput, and lower average head grades of 9&nbsp;percent for silver and 13 percent for gold, which are in line with the mining sequence
and Mineral Reserve estimates. Silver and gold production for the first six months of 2022 totaled 2,743,525 ounces and 16,534 ounces,
respectively.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The San Jose team has successfully implemented
long hole stoping in select areas of the mine in 2022, with the aim to improve production capacity and reduce total mining cost per tonne.
In addition, a new underground shotcrete plant was commissioned in the second quarter which is expected to reduce overall mining cycle
times and support costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="color: #365F91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #365f91"><B>Caylloma
Mine, Peru: </B></FONT>Outperformer, on target to meet the upper range of annual guidance</P>

<P STYLE="color: #365F91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Caylloma Mine produced 267,559 ounces of silver
in the second quarter of 2022. The operation delivered another strong quarter of operational performance and is tracking well to deliver
total production in the upper range of guidance. Silver production for the first six months of 2022 totaled 579,498 ounces.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zinc
and lead production</FONT> in the second quarter of 2022 was 10.9 million pounds and 7.6 million pounds, respectively, in line to meet
upper range of guidance. Zinc and lead production for the first six months totaled 21,713,328 pounds and 16,770,565 pounds, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>West Africa </B></P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the second quarter of 2022, the West African
operations continued their solid performance. Gold production at the Yaramoko Mine is on track to meet the annual guidance range.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the S&eacute;gu&eacute;la gold Project in C&ocirc;te
d&rsquo;Ivoire, despite the challenges seen in the supply and logistics markets, construction activities are progressing on-time and on-budget
with the overall project progress reported at 64 percent complete as of June 30<SUP>th</SUP>. Major equipment packages have started to
arrive at site and first gold pour is projected for mid-2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fortuna is advancing its organizational infrastructure
in C&ocirc;te d&rsquo;Ivoire to prepare for the start of operations at S&eacute;gu&eacute;la, as well as establishing a regional office
to service both S&eacute;gu&eacute;la and the Yaramoko Mine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Yaramoko Mine, Burkina
Faso: Gold production on target to meet the upper range of annual guidance</B></P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Yaramoko Mine produced 24,553</FONT> ounces of gold in the second quarter of 2022 with an average gold head grade of 5.42 g/t, which is
in line with the mining sequence and Mineral Reserve estimate. Gold production for the first six months of 2022 totaled 52,788 ounces.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Qualified Person </B></P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eric Chapman, Senior Vice President of Technical
Services of Fortuna, is a Professional Geoscientist of the Association of Professional Engineers and Geoscientists of the Province of
British Columbia (Registration Number 36328) and a Qualified Person as defined by National Instrument 43-101- Standards of Disclosure
for Mineral Projects. Mr. Chapman has reviewed and approved the scientific and technical information contained in this news release and
has verified the underlying data.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Fortuna Silver Mines Inc. </B></P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fortuna
Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru,
and a fifth mine under construction in C&ocirc;te 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</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ON BEHALF OF THE BOARD</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0; text-align: justify"><B>Jorge A. Ganoza </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0; text-align: justify">President, CEO, and Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0; text-align: justify">Fortuna Silver Mines Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0; text-align: justify">Investor Relations:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Carlos
Baca</B></FONT> | <U>info@fortunasilver.com</U> | <FONT STYLE="color: #365f91"><B>Twitter</B></FONT>: <U>@Fortuna_Silver</U> | <FONT STYLE="color: #365f91"><B>LinkedIn</B></FONT>:
<U>fortunasilvermines</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-looking Statements</B></P>

<P STYLE="color: #365f91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>This news release contains forward-looking
statements which constitute &ldquo;forward-looking information&rdquo; within the meaning of applicable Canadian securities legislation
and &ldquo;forward-looking statements&rdquo; within the meaning of the &ldquo;safe harbor&rdquo; provisions of the Private Securities
Litigation Reform Act of 1995 (collectively, &ldquo;Forward-looking Statements&rdquo;). 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 may include, without limitation, statements about the Company&rsquo;s plans for its mines and mineral properties;
the Company&rsquo;s anticipated operational performance in 2022; estimated production forecasts for 2022; the duration and impacts of
COVID-19 on the Company&rsquo;s production, workforce, business, operations and financial condition; the assumptions related to the supply
of COVID-19 vaccines and the distribution of the vaccines in the countries in which we operate, and the lessening or increase in COVID-19
related restrictions; metal price estimates, estimated metal grades in 2022; initiatives in place at the Company&rsquo;s mines to reduce
inflationary pressures on consumables; operational initiatives implemented at the Company&rsquo;s mines to improve production and reduce
mining costs; undisclosed risks and liabilities relating to the Roxgold business combination; risks that the anticipated benefits of the
Roxgold business combination will not be realized or fully realized; the timing of construction and development of the mine at the S&eacute;gu&eacute;la
Project, and the capital expenditures related to same; the timing for the first gold pour at S&eacute;gu&eacute;la; the Company&rsquo;s
business strategy, plans and outlook; the merit of the Company&rsquo;s mines and mineral properties; mineral resource and reserve estimates;
production costs; timelines; the future financial or operating performance of the Company; capital and operating expenditures; approvals
and other matters. Often, but not always, these Forward-looking Statements can be identified by the use of words such as &ldquo;estimated&rdquo;,
 &ldquo;potential&rdquo;, &ldquo;open&rdquo;, &ldquo;future&rdquo;, &ldquo;assumed&rdquo;, &ldquo;projected&rdquo;, &ldquo;used&rdquo;,
 &ldquo;detailed&rdquo;, &ldquo;has been&rdquo;, &ldquo;gain&rdquo;, &ldquo;planned&rdquo;, &ldquo;reflecting&rdquo;, &ldquo;will&rdquo;,
 &ldquo;anticipated&rdquo;, &ldquo;estimated&rdquo; &ldquo;containing&rdquo;, &ldquo;remaining&rdquo;, &ldquo;to be&rdquo;, or statements
that events, &ldquo;could&rdquo; or &ldquo;should&rdquo; occur or be achieved and similar expressions, including negative variations.
</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>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, changes in general economic conditions and financial markets; the impact of the COVID-19 pandemic on the
Company&rsquo;s mining operations and construction activities; the risks relating to a global pandemic, including the COVID-19 pandemic,
as well as risks associated with war or other geo-political hostilities, such as the Ukrainian &ndash; Russian conflict, any of which
could continue to cause a disruption in global economic activity; the risks associated with the completion of the Roxgold Acquisition,
including the ability of the Company to successfully consolidate functions, integrate operations, procedures and personnel; adverse changes
in prices for gold, silver and other metals; fluctuation in currencies and foreign exchange rates; inflation; the imposition of capital
controls in countries in which the Company operates; any extension of the currency controls in Argentina; changes in the prices of key
supplies; technological and operational hazards in Fortuna&rsquo;s mining and mine development activities; risks inherent in mineral exploration;
uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; changes to current estimates of
mineral reserves and resources; changes to production and cost estimates; the ability of the Company to successfully challenge an alleged
typographical error in the San Jose EIA received by the Company in December 2021; changes in the position of regulatory authorities with
respect to the granting of approvals or permits; governmental and other approvals; changes in government, political unrest or instability
in countries where Fortuna is active; labor relations issues; as well as those factors discussed under &ldquo;Risk Factors&rdquo; 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.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I></I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Forward-looking Statements contained herein
are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to the accuracy of the Company&rsquo;s
current mineral resource and reserve estimates; that the Company&rsquo;s activities will be conducted in accordance with the Company&rsquo;s
public statements and stated goals; that there will be no material adverse change affecting the Company, its properties or changes to
production estimates (which assume accuracy of projected ore 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 impacts of COVID-19 and other geo-political uncertainties on the Company&rsquo;s production, workforce, business, operations and financial
condition; the expected trends in mineral prices, inflation and currency exchange rates; that the Company will obtain succeed in challenging
the alleged typographical error in the December 2021 extension to the San Jose EIA; that all required approvals and permits will be obtained
for the Company&rsquo;s business and operations on acceptable terms; that there will be no significant disruptions affecting the Company's
operations 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.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I><U>Cautionary Note to United States Investors
Concerning Estimates of Reserves and Resources</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.5in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Reserve and resource estimates included in
this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (&quot;NI
43-101&quot;) and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves.
NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian
company of scientific and technical information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral
resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of
Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Canadian standards, including NI 43-101, differ
significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in
this news release may not be comparable to similar information disclosed by U.S. companies.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I></I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

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