Fortuna Silver Mines Inc., which is traded on the Toronto Stock Exchange, has applied for a listing on the New York Stock Exchange, the Vancouver-based company said Monday.
Fortuna, which expects to produce 2.4 million ounces of silver this year and 7,530 ounces of gold, operates mines in Peru and Mexico. Its Caylloma Mine in southern Peru is a wholly-owned low-cost, underground mine producing silver, lead, zinc and gold, operating at a treatment rate of over 1,250 metric tons per day of ore.
The seven-year-old company expects to begin commercial production at the San Jose Mine, its second mine, also wholly-owned, in Oaxaca, Mexico. on Sept. 1, at an initial mining rate of 1,000 tons per day.
As we continue to expand our mining operations, this application marks an important strategic step for Fortuna. A listing on the NYSE will help raise our profile as an up-and-coming producer of silver and other metals and showcase our solid growth record, said Jorge A. Ganoza, Fortuna CEO.