EXHIBIT 2.01
Extractive Sector Transparency Measures Act – Annual Report for the year ended
Extractive Sector Transparency Measures Act - Annual Report |
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Reporting Entity Name | Fortuna Silver Mines Inc. | ||||||
Reporting Year | From | 1/1/2024 | To: | 12/31/2024 | Date submitted | 4/19/2025 | |
Reporting Entity ESTMA Identification Number | E929085 |
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Other Subsidiaries Included |
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Not Consolidated |
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Not Substituted |
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Attestation by Reporting Entity |
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In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | |||||||
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Full Name of Director or Officer of Reporting Entity | Kevin O'Reilly | Date | 4/15/2025 |
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Position Title | VP Finance and Administration |
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Extractive Sector Transparency Measures Act - Annual Report | ||||||||||
Reporting Year | From: | 1/1/2024 | To: | 12/31/2024 |
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Reporting Entity Name | Fortuna Silver Mines Inc. | Currency of the Report | CAD |
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Reporting Entity ESTMA Identification Number | E929085 |
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Subsidiary Reporting Entities (if necessary) |
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Payments by Payee | ||||||||||
Country | Payee Name1 | Departments, Agency, etc… within Payee that Received Payments2 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes34 | |
Côte d'Ivoire | Government of Cote d'Ivoire | Tax authority | Payments made in XOF, refer to Additional notes for conversion assumptions | |||||||||
Burkina Faso | Government of Burkina Faso | Tax authority | Payments made in XOF, refer to Additional notes for conversion assumptions | |||||||||
Mexico | National Government of Mexico | Mexican Geological Service | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Payments relate to royalties | |||
Mexico | National Government of Mexico | Ministry of Economy | 0.00 | 0.00 | 0.00 | 0.00 | Payments relate to 7.5% mining | |||||
Mexico | Municipality of San Jose del Progreso |
| 0.00 | 0.00 | 0.00 | 0.00 | Payments for infrastructure and | |||||
Mexico | Municipality of Magdalena Ocotlán |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Payments for infrastructure and | |||
Argentina | National Government of | Ministry of Environment and Production | Water canon. Reportable under the ESTMA. | |||||||||
Argentina | National Government of | Mining and energy resources secretary | Inspection expenses and exploration canon. Lower than CA$ 100,000 | |||||||||
Argentina | Municipality of Tolar Grande |
| Construction fee. Safety, health and hygiene fee, other minor. Reportable under the ESTMA. | |||||||||
Argentina | Province of Salta | Grand Treasury of the Province of Salta | Stamp taxes not related to Commercial Development. Reportable under the ESTMA. Lower than CA$ 100,000 | |||||||||
Argentina | National Government of | Federal Public Revenue Administration | - | Custom taxes includes VAT (consumption tax specifically excluded), and customs fees. Not reportable under the ESTMA. | ||||||||
Argentina | National Government of | Federal Public Revenue Administration | - | Wealth tax (on behalf of the shareholders). Reportable under the ESTMA. | ||||||||
Argentina | National Government of | Federal Public Revenue Administration | - | Export duties. Reportable under the ESTMA | ||||||||
Argentina | Province of Salta | Grand Treasury of the Province of Salta | - | Royalties.Reportable under the ESTMA | ||||||||
Peru | Federal Govemement of Peru | National Superintendency of Tax Administration | - | Payments related to: |
Peru | Federal Govemement of Peru | Agency for Environmental Assessment and Enforcement | - |
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Peru | Federal Govemement of Peru | Department of Investments in Mining and Energy | - |
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Peru | Federal Govemement of Peru | Institute of Geological, Mining and Metallurgy | - | Payments related to mining concessions | ||||||||
Peru | Federal Govemement of Peru | Water Resources Commission | - | Agriculture Minister - Peruvian Water Authority includes fees and contribution, calculated from water consumption. |
Additional Notes: | The amounts above are all reflected in |
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2024 | To: | 12/31/2024 |
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Reporting Entity Name | Fortuna Silver Mines Inc. | Currency of the Report | CAD |
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Reporting Entity ESTMA Identification Number | E929085 |
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Subsidiary Reporting Entities (if necessary) |
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Payments by Project | |||||||||||
Country | Project Name1 | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes23 | |
Côte d'Ivoire | Seguela Mine | - | - | - | Payments made in XOF, refer to Additional notes for conversion assumptions | ||||||
Burkina Faso | Yaramoko Mine | - | - | Payments made in XOF, refer to Additional notes for conversion assumptions | |||||||
Mexico | SAN JOSE MINE |
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Argentina | Lindero | - | - | - | - | Payments made in ARS, refer Additional notes for conversion assumptions | |||||
Peru | Caylloma | - | - | - | - |
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Additional Notes3: | The amounts above are all reflected in CAD, the functional currency of the reporting entity - the average exchange rates for 2024 to convert local currency amounts to CAD were as follows: |