Fortuna releases its position statement on Global Industry Standard on Tailings Management

VANCOUVER, British Columbia, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that it has published its Global Industry Standard on Tailings Management (GISTM) position statement, which articulates Fortuna’s approach to tailings management along with its implementation commitments. The GISTM position statement can be found on the Company’s website.

Jorge A. Ganoza, President and CEO, commented, “Our commitment to generate shared value over the long-term for our stakeholders involves adapting strategically our business practices and standards, enabling us to better cope with risks, opportunities and expectations in business relationships.” Mr. Ganoza added, “At Fortuna, we consider tailings management to be paramount to responsible mining and the adoption of GISTM allows us to refine our approach to safe tailings management and a way to ensure operational excellence.”

Fortuna and its subsidiaries recognize that safe tailings management is a core component of sustainable precious metals production and that a tailings incident could have major impacts on the surrounding environment, host communities, the local economy, our operations and the broader industry.

Tailings and waste rock are regular by-products of mining and minerals processing and require safe storage and responsible management. Fortuna currently has three tailings storage facilities (TSFs) in operation, three TSFs in closure or partial closure and one TSF under construction. Fortuna is committed to ensuring continued TSF safety and structural integrity across the life cycle of each of the facilities in its portfolio. Fortuna is also committed to reviewing and incorporating additional relevant best practices in its safe tailings management.