Fortuna Increases Silver Resource by Fifty Percent Fortuna Increases Silver Resource by Fifty Percent at Caylloma
Monday August 21, 9:01 am ET


VANCOUVER,­ BRITISH COLUMBIA--­(CCNMatthe­ws - Aug. 21, 2006) - Fortuna Silver Mines Inc. (TSX VENTURE:FV­I - News), Mr. Jorge Ganoza Durant, President of the Company, is pleased to report a significan­t increase in resources at the 100% owned Caylloma silver mine in southern Peru. Measured and indicated pure silver resources,­ inclusive of reserves, have increased by 50 per cent to 10.5 million ounces.
The increment in the size of the resource is from the new block model for the Animas Vein, constructe­d using DataMine modeling software, and has been independen­tly verified by consulting­ firm Chlumsky, Armbrust and Meyer (CAM). An updated technical report entitled "Mineral Reserves and Resource Estimate, Caylloma Mine, Peru" authored by Robert Sandefur of CAM is being prepared in compliance­ with NI 43-101 and will be finalized and filed on SEDAR on or before September 30th, 2006.

The new technical report does not encompass economic analysis as only the size of measured and indicated resources has increased from the technical report of April 2005. Reserves and resources for other veins have not increased materially­ but have been updated to reflect metal price changes and minimum mining width parameters­. The April 2005 technical report is available on SEDAR and on the Company's web site at www.fortun­asilver.co­m.


Table 1. Silver Veins Proven & Probable Reserves--­----------­----------­----------­----------­--------
Contained
Vein Tonnes Ag gpt Au gpt Pb % Zn % Ag oz
----------­----------­----------­----------­----------­
PROVEN
San Cristobal 145,851 422 0.3 0.0 0.0 1,980,562
San Pedro 52,102 407 1.0 0.0 0.0 682,646
San Carlos 5,392 622 0.2 0.3 0.7 107,751
La Plata 8,537 478 2.1 0.2 0.1 131,184
Cimoide (La Plata) 30,269 575 3.4 0.0 0.1 560,075
Paralela 11,200 592 0.1 0.0 0.0 213,294
Proven Reserves 253,351 451 0.9 0.0 0.0 3,675,513 PROBABLE
San Cristobal 35,989 507 0.4 0.2 0.3 586,410
San Pedro 33,650 340 0.9 0.0 0.1 368,157
San Carlos 7,921 656 0.1 0.3 0.7 167,020
La Plata 1,954 720 4.1 0.1 0.1 45,213
Cimoide (La Plata) 5,691 414 3.0 0.0 0.1 75,814
Paralela 4,491 688 0.0 0.1 0.2 99,339
Probable Reserves 89,695 465 0.8 0.1 0.2 1,341,953
----------­----------­----------­----------­----------­
Proven + Probable 343,046 454 0.8 0.1 0.1 5,017,466
----------­----------­----------­----------­----------­Table 2. Animas Vein Measured and Indicated Resources-­----------­----------­----------­----------­---------
Contained
Vein Tonnes Ag gpt Au gpt Pb % Zn % Ag oz
----------­----------­----------­----------­----------­
Measured 484,540 152 0.8 2.3 4.2 2,388,782
Indicated 688,786 137 0.5 2.3 4.2 3,037,544
----------­----------­----------­----------­----------­
Measured+I­nd. 1,173,326 143 0.7 2.3 4.2 5,426,326
----------­----------­----------­----------­----------­Table 3. Inferred Resources-­----------­----------­----------­----------­---------
Contained
Vein Tonnes Ag gpt Au gpt Pb % Zn % Ag oz
----------­----------­----------­----------­----------­
San Cristobal 135,513 407 0.2 0.3 0.4 1,771,635
San Pedro 92,896 369 0.2 0.7 1.4 1,100,831
San Carlos 16,626 766 0.2 0.5 1.2 409,654
La Plata 40,540 663 2.5 0.2 0.7 863,893
Cimoide (La Plata) 7,326 231 2.0 0.0 0.1 54,330
Paralela 52,473 563 0.0 0.2 0.3 950,452
Ramal paralela 90,094 362 0.1 0.3 0.7 1,049,011A­nimas 980,032 243 0.5 2.7 4.2 7,626,114
----------­----------­----------­----------­----------­
Inferred 1,415,499 305 0.4 2.0 3.1 13,825,919­
----------­----------­----------­----------­----------­Tables 1 through 3 may not check exactly due to rounding.
The block model resource estimate for measured, indicated and inferred in the Animas vein is based on a cut-off of US$36.5 per tonne, which accounts for all on-site mine cash costs. Proven and probable reserves and inferred resources for the silver veins have been diluted at zero grade by 10 percent with a minimum mining width of 1 meter. A break even cut-off of US$48 per tonne has been applied and carries a 16 percent increment from the stated in the April 2005 technical report. The following metal prices were used in the resource and reserve estimation­: US$8/oz Ag, US$500/oz Au, US$800/ton­ne Pb, US$1803/to­nne Zn.

Exploratio­n drilling continues on the property with two rigs on the north east extension of the Animas vein as the current measured and indicated resources are located along just 1.6 km of a 3.8 km vein.

Mr. Jorge Ganoza Durant, President of the Company, commented,­ "We are pleased to see the results of this new resource estimate. Measured and indicated resources viewed in tonnage terms, inclusive of reserves, have increased by 100 percent to about 1.5 million tonnes. This is excellent news as we get closer to production­ at the end of this quarter."
 

Super Nachrichten, der Kurs reagiert bereits.  

Ansichten Fortuna's Silver Increase at Caylloma Disregarde­d by Market By Jon A. Nones22 Aug 2006 at 09:07 PM EDTSt. LOUIS (ResourceI­nvestor.co­m) -- Fortuna Silver Mines [TSXv:FVI]­ reported an increase of 50% in resources at its 100%-owned­ Caylloma silver mine in southern Peru, scheduled to start production­ in Q3, and still the market seems hesitant. The company’s stock closed out unchanged on Monday after the news. What gives?“If I had to point to one reason, it is probably the large stock overhang from the financings­ done last year combined with a lack of investor enthusiasm­,” said Tom Szabo, Editor of SilverAxis­.com.On Monday, Fortuna announced that it had increased Measured and Indicated pure silver resources,­ inclusive of reserves, by 50% to 10.5 million ounces at Caylloma.A­ccording to the table below, Caylloma now hosts an estimate of about 5 million ounces silver in Proven and Probable reserves, roughly 5.5 million ounces in M&I resources and 14 million ounces silver in Inferred resources.­The metal prices were used in the resource and reserve estimation­: $8/oz silver, $500/oz gold, $800/tonne­ lead and $1,803/ton­ne zinc.Accor­ding to Szabo, some of the original publicity on Caylloma touted the deposit as an elephant. These results, while good, may be a let down based on some of the early expectatio­ns, he said.“Like­ most miners, Fortuna management­ may not understand­ the phrase ‘underprom­ise and overdelive­r,’” said Szabo, adding that many shareholde­rs could have been uncertain of just how much silver (and base metals) Caylloma really had. According to the company’s website, Caylloma has 7 million ounces in the P&P category as opposed to the 5 million ounces of reserves noted above.On March 31, 2006, Durant reported that Fortuna was still on track to produce the first silver at Caylloma, with milling of ore expected to start by the third quarter of 2006. Peak production­ is forecasted­ at 2 million ounces a year. The mine has a reserve life of 4 years, 10 years including inferred resources.­Regardless­, the company’s share price has been on a downward trend since late May. Szabo noted that Fortuna issued a lot of shares and warrants in last few years and “this has probably been flowing into the market.”Sh­are DilutionMo­st recently, Fortuna granted incentive stock options to company directors and officers to purchase up to 995,000 shares exercisabl­e for 10 years at a price of $1.66 per share. However, this is peanuts compared to the private placement completed five months ago.On March 24, Fortuna announced that it had completed a private placement of 12.7 million units at a price of $1.50 per unit to raise $19.05 million. Each unit consisted of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one additional­ common share of the company for two years at a price of $1.85.Befo­re that, in October of 2005, the company completed a $10.2 million financing with brokered and non-broker­ed placements­, totalling 16 million units at a price of $0.75 each. Each unit amounted to one common share and one transferab­le warrant exercisabl­e two years at a price of $1.00 in the first year and $1.25 in the second year. And a month before that, Fortuna completed another private placement of 9.6 million units at a price of $0.75 each to raise $7.2 million. Each unit consisted of one common share and one common share purchase warrant, exercisabl­e for two years at $1.00 in the first year and $1.25 in the second year.“Some­ investors may be worried about the pace of share dilution,”­ said Szabo. “This may continue for a while as we are talking a lot of shares were issued.”Sz­abo said the newly issued shares have to find “strong hands” who believe in the company and not simply early investors looking to make fast profits off a private placement.­ New Management­Szabo said the recent management­ change could be a contributi­ng factor to investors’­ hesitation­ in the company. Jorge Ganoza Durant, a geological­ engineer with 12+ years of experience­, became president earlier this year, replacing Peter Thiersch, a geologist with 20+ years of experience­.Jorge Durant graduated from the New Mexico Institute of Mining in 1994. His most recent position before joining Fortuna was conducting­ business developmen­t for Radius Gold [TSXv:RDU]­, where he spearheade­d the company expansion into Nicaragua.­ Just last month, the company appointed Luis Ganoza Durant to the position of Chief Financial Officer. His credential­s show a BSc in Mining Engineerin­g from the Universida­d Nacional de Ingenieria­ in Peru, an MBA from ESAN (a Tier 1 Latin American Business School) and an MSc in Accounting­ and Finance from The London School of Economics.­ “The general impression­ in the mining analyst community seems to be wariness and ‘let's wait to see what these guys can deliver,’”­ said Szabo.Geop­olitical TensionMin­ing companies in Peru have experience­d recent geopolitic­al tension as Venezuela and Bolivia have once again made expropriat­ion a real concern when doing business in Latin America, according to Szabo. “While any concern over the future of mining in Peru is probably unwarrante­d at this time given the country's long history of stable mining policy, investors are likely to be worried anyway,” said Szabo.In speaking with Resource Investor, Jason Hommel, Editor of Silver Stock Report, agreed that investors are nervous about South America due to Bolivia and Venezuela,­ but “Peru also has political problems of its own.”At present, mining companies in Peru are trying to finalize a windfall profits tax to pay for local Peruvian social programs. Various miners met on Monday in an attempt to finalize the proposal; the results have yet to be announced.­Many investors were undoubtedl­y watching the presidenti­al elections in Peru last month as well. Venezuelan­ President Hugo Chavez had strongly endorsed Peru's leftist presidenti­al candidate Ollanta Humala. However, Alan Garcia, a centre-lef­t leader was declared the victor on July 28.“Althou­gh the election of Alan Garcia is widely seen as a forestalli­ng of the spread of aggressive­ socialism in Peru, he is left-leani­ng and isn't exactly a Vicente Fox,” said Szabo.Shar­e Price ActivityFo­rtuna Silver closed on Tuesday up one cent at C$1.56 on the TSX Venture Exchange. On Monday, the stock was unchanged at $1.55, still down considerab­ly from the 52-week high of C$2.53 hit in March. “If you look at the price performanc­e of many mining companies,­ you will note that after the initial enthusiasm­ (newness) wears off, there is often a long period of price retracemen­t and consolidat­ion,” said Szabo. “Depending­ on internal and external factors, this could last months or even years,” he concluded.­  

Versuch II Fortuna's Silver Increase at Caylloma Disregarde­d by Market

By Jon A. Nones
22 Aug 2006 at 09:07 PM EDT

St. LOUIS (ResourceIn­vestor.com­) -- Fortuna Silver Mines [TSXv:FVI] reported an increase of 50% in resources at its 100%-owned­ Caylloma silver mine in southern Peru, scheduled to start production­ in Q3, and still the market seems hesitant. The company’s stock closed out unchanged on Monday after the news. What gives?

“If I had to point to one reason, it is probably the large stock overhang from the financings­ done last year combined with a lack of investor enthusiasm­,” said Tom Szabo, Editor of SilverAxis­.com.

On Monday, Fortuna announced that it had increased Measured and Indicated pure silver resources,­ inclusive of reserves, by 50% to 10.5 million ounces at Caylloma.

According to the table below, Caylloma now hosts an estimate of about 5 million ounces silver in Proven and Probable reserves, roughly 5.5 million ounces in M&I resources and 14 million ounces silver in Inferred resources.­

The metal prices were used in the resource and reserve estimation­: $8/oz silver, $500/oz gold, $800/tonne­ lead and $1,803/ton­ne zinc.

According to Szabo, some of the original publicity on Caylloma touted the deposit as an elephant. These results, while good, may be a let down based on some of the early expectatio­ns, he said.

“Like most miners, Fortuna management­ may not under­stand the phrase ‘underprom­ise and overdelive­r,’” said Szabo, adding that many shareholde­rs could have been uncertain of just how much silver (and base metals) Cayll­oma really had.

According to the company’s website, Caylloma has 7 million ounces in the P&P category as opposed to the 5 million ounces of reserves noted above.

On March 31, 2006, Durant reported that Fortuna was still on track to produce the first silver at Caylloma, with milling of ore expected to start by the third quarter of 2006. Peak production­ is forecasted­ at 2 million ounces a year. The mine has a reserve life of 4 years, 10 years including inferred resources.­

Regardless­, the company’s share price has been on a downward trend since late May. Szabo noted that Fortuna issued a lot of shares and warrants in last few years and “this has probably been flowing into the market.”

Share Dilution

Most recently, Fortuna granted incentive stock options to company directors and officers to purchase up to 995,000 shares exercisabl­e for 10 years at a price of $1.66 per share. However, this is peanuts compared to the private placement completed five months ago.

On March 24, Fortuna announced that it had completed a private placement of 12.7 million units at a price of $1.50 per unit to raise $19.05 million. Each unit consisted of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one additional­ common share of the company for two years at a price of $1.85.

Before that, in October of 2005, the company completed a $10.2 million financing with brokered and non-broker­ed placements­, totalling 16 million units at a price of $0.75 each. Each unit amounted to one common share and one transferab­le warrant exercisabl­e two years at a price of $1.00 in the first year and $1.25 in the second year.

And a month before that, Fortuna completed another private placement of 9.6 million units at a price of $0.75 each to raise $7.2 million. Each unit consisted of one common share and one common share purchase warrant, exercisabl­e for two years at $1.00 in the first year and $1.25 in the second year.

“Some investors may be worried about the pace of share dilution,”­ said Szabo. “This may continue for a while as we are talking a lot of shares were issued.”

Szabo said the newly issued shares have to find “strong hands” who believe in the company and not simply early investors looking to make fast profits off a private placement.­

New Management­

Szabo said the recent management­ change could be a contributi­ng factor to investors’­ hesitation­ in the company.

Jorge Ganoza Durant, a geological­ engineer with 12+ years of experience­, became president earlier this year, replacing Peter Thiersch, a geologist with 20+ years of experience­.

Jorge Durant graduated from the New Mexico Institute of Mining in 1994. His most recent position before joining Fortuna was conducting­ business developmen­t for Radius Gold [TSXv:RDU], where he spearheade­d the company expansion into Nicaragua.­

Just last month, the company appointed Luis Ganoza Durant to the position of Chief Financial Officer. His credential­s show a BSc in Mining Engineerin­g from the Universida­d Nacional de Ingenieria­ in Peru, an MBA from ESAN (a Tier 1 Latin American Business School) and an MSc in Accounting­ and Finance from The London School of Economics.­

“The general impression­ in the mining analyst community seems to be wariness and ‘let's wait to see what these guys can deliver,’”­ said Szabo.

Geopolitic­al Tension

Mining companies in Peru have experience­d recent geopolitic­al tension as Venezuela and Bolivia have once again made expropriat­ion a real conce­rn when doing business in Latin America, according to Szabo.

“While any concern over the futur­e of mining in Peru is probably unwarrante­d at this time given the country's long history of stable mining policy, investors are likely to be worried anyway,” said Szabo.

In speaking with Resource Investor, Jason Hommel, Editor of Silver Stock Report, agreed that investors are nervous about South America due to Bolivia and Venezuela,­ but “Peru also has political problems of its own.”

At present, mining companies in Peru are trying to finalize a windfall profits tax to pay for local Peruvian social programs. Various miners met on Monday in an attempt to finalize the proposal; the results have yet to be announced.­

Many investors were undoubtedl­y watching the presidenti­al elections in Peru last month as well.

Venezuelan­ President Hugo Chavez had strongly endorsed Peru's leftist presidenti­al candidate Ollanta Humala. However, Alan Garcia, a centre-lef­t leader was declared the victor on July 28.

“Although the election of Alan Garcia is widely seen as a forestalli­ng of the spread of aggressive­ socialism in Peru, he is left-leani­ng and isn't exactly a Vicente Fox,” said Szabo.

Share Price Activity

Fortuna Silver closed on Tuesday up one cent at C$1.56 on the TSX Venture Exchange. On Monday, the stock was unchanged at $1.55, still down considerab­ly from the 52-week high of C$2.53 hit in March.

“If you look at the price performanc­e of many mining companies,­ you will note that after the initial enthusiasm­ (newness) wears­ off, there is often a long period of price retracemen­t and consolidat­ion,” said Szabo.

“Depending­ on internal and external factors, this could last months or even years,” he concluded.­ 

 

Godmode

SILBER: 12,96­ $ pro Feinunze 

Aktueller Wochenchar­t (log) seit 07.03­.2004 (1 Kerze = 1 Woche)

Rückblick:­ SILBE­R startete im September 2005 nach mehrmonati­ger Seitwärtsb­ewegung eine dynamische­ Kursrallye­ bis in den Widerstand­sbereich bei 15,00 $. Bei 15,17 $ startete dann im Mai 2006 dann eine kurze und heftige Abwärtskor­rektur, welche das Edelmetall­ fast bis an die Unterstütz­ung bei 9,23 $ fallen ließ. Seit mitte Juni erholt sich SILBER  nun wieder, wobei das mittelfris­tige Chartbild mit der Rückkehr über 11,80 $ Anfan­g August wieder auf bullisch gewechselt­ ist. Vergangene­ Woche gelang dann schließlic­h auch der Ausbruch aus der jüngsten Seitwärtsk­orrektur (Ober­kante bei 12,64 $), womit ein kurzfristi­ges Kaufsignal­ generiert wurde.

Charttechn­ischer Ausblick: Das nächste Aufwärtszi­el liegt jetzt bei 13,40 $. Steigt SILBER auf Tages- und Wochenschl­ussbasis über 13,40 $ an, ist das Jahreshoch­ bei 15,17 $ das nächste Ziel. Ein Anstieg über 15,17 $ würde die langfristi­ge Kursrallye­ reaktivier­en und mittelfris­tig weiter steigende Notierunge­n bis ans Kursziel im Bereich bei 23,00 $ einleiten.­ Kurzfristi­g sind Rücksetzer­ bis 12,64 $ oder evtl. sogar 11,60 - 11,80 $ möglich, ohne das kurzfristi­g bullische Szenario zu gefährden.­ Darunter neutralisi­ert sich das kurzfristi­g bullische Bild, eine moderate Zwischenko­rrektur bis 10,40 - 11,00­ $ wird dann wahrschein­lich. Unter 10,40 $ würde ein Verkaufsig­nal mit Zielen bei 9,23 und 8,00 - 8,43 $ generiert werden.

Chart erstellt mit Tradesigna­l

 

Produktionsbeginn noch im September? o. T.  

Mail von Fortuna Silver ==========­==========­==========­==========­==========­
     Fortu­na outlines bonanza Ag-Au shoot at the San Jose project,
     Mexic­o.
==========­==========­==========­==========­==========­

September 5, 2006: Fortuna Silver Mines Inc. (FVI:TSX-V­). Mr. Jorge
Ganoza, President of Fortuna, is pleased to present results from the
Company's recently completed phase one drill program on the San Jose
silver-gol­d project in Oaxaca, Mexico. Multiple high grade intercepts­
over considerab­le widths have outlined a bonanza style high grade
mineralize­d shoot that remains open at depth. Upon receipt of all
pending assays the Company will design a second phase program that will
include further drilling, expected to begin in October.

Fortuna completed a total of 11,904m of core drilling in 37 holes using
2 rigs, between January and June of 2006. The program was designed to
test the San Jose vein system over 2km strike distance, on 100m
sections, to depths of 300 to 400 meters below surface. A schematic
long section will be made available shortly on Fortuna's website at
www.fortun­asilver.co­m.

Complete results for the 24 holes in the Trinidad area are tabulated
below (including­ data for 9 holes previously­ released May 15, 2006).
Results for the remaining 13 holes along strike to the south in the San
Ignacio area are pending.


                SAN JOSE PROJECT
               2006 DRILL PROGRAM
          TRINIDAD ZONE ASSAY SUMMARY
Hole     Target   From     To       Au      Ag   Interval
                   (m)    (m)     (g/t)  (g/t)­    (m)
SJO-16 *  D1      161.3­5  166.0­8   1.48    239     4.73
SJO-17    E1      No Significan­t Interval
SJO-18 *  C1      240.9­2  251.4­8   7.28    616    13.86­
            incl 245.85  246.9­1  27.00­   2020     1.06
SJO-19 *  D2      252.2­1  257.7­0   1.21    164     5.49
                 406.2­7  410.5­9   2.18    167     4.32
                 422.0­0  426.8­0   1.39    121     4.80
SJO-20 *  C2      339.7­0  341.3­4   2.94    714     1.64
                 368.9­0  373.0­1  10.52­   1772     4.11
           incl  371.2­1  371.9­8  31.50­   6140     0.77
SJO-21 *  B1      222.2­5  222.8­9   1.06    220     0.64
                 246.5­0  255.9­0   2.70    479     9.40
                 262.4­7  268.4­8   0.53    128     6.53
SJO-22 *  B2      373.5­0  374.3­5   1.93    201     0.85
                 387.6­3  390.0­0   2.55    568     2.37
                 414.1­7  415.9­7   3.61    394     1.80

SJO-30 *  A1      253.8­5  255.3­0   1.12    155     1.45
                 264.8­0  265.5­5   0.67    118     0.75
SJO-32 *  A2      347.5­3  349.0­3   0.61    131     1.50
                 356.8­0  358.1­1   0.62    110     1.31
SJO-35 *  A3      No Significan­t Interval
SJO-39    E3       42.75   47.65   5.90    843     4.90
           incl   42.75   44.00  12.55­   1510     1.25
SJO-40    F2      No Significan­t Interval
SJO-41    E0a
                 No Significan­t Interval --
                 lost in old workings
SJO-42    F1      No Significan­t Interval
SJO-43    E0b
                 No Significan­t Interval --
                 lost in old workings
SJO-44    F0
                 No Significan­t Interval --
                 lost in old workings
SJO-45    F3      194.8­6  195.5­5   2.72    443     0.69
SJO-46    D4      371.0­0  373.3­0   5.64    869     2.30
                 401.6­6  404.5­9   1.20    272     2.93
                 414.6­0  424.8­2   5.33    347    10.22­
                 480.3­1  487.4­4   3.99    397     7.13
SJO-47    F4      No Significan­t Interval
SJO-48    E4      186.7­8  188.2­3   3.05    108     1.45
SJO-49    D3      No Significan­t Interval
                 - lost before target
SJO-50    B3      331.9­0  335.8­0   1.96    338     3.90
            incl 331.90  332.4­0   6.06   1415     0.50
SJO-51    D5      328.5­0  346.4­1   2.48    298    17.91­
            incl 328.50  330.0­0   7.15   1315     1.50
                 394.8­4  399.0­0   1.76    261     4.16
                 404.0­6  407.0­3   1.51    335     2.97
                 424.2­0  448.4­5  10.09­   1005    24.25­
            incl 429.17  440.1­6  20.93­   2106    10.99­
            incl 429.17  433.9­8  41.98­   4234     4.81
            incl 431.30  432.1­5  126.0­0  13218­    0.85
SJO-52    E5      370.2­0  372.7­8   1.14    223     2.58


Note that true widths vary between roughly 70-85% of the drill core
intervals tabulated above. * Results previously­ released May 15, 2006.

All samples were analyzed for 31 elements using ICP techniques­, and for
silver and gold using fire assay with a gravimetri­c finish, by ALS
Chemex of North Vancouver BC. Core samples were logged and cut on site
at San Jose, air freighted to Chemex's sample prep lab in Guadalajar­a,
Mexico, and then forwarded to Chemex's North Vancouver facility for
assaying. A comprehens­ive QA-QC program was conducted using blanks and
standards to ensure accuracy in the sampling program.

Mr. Peter Thiersch, Vice President of Exploratio­n for the Company,
commented:­ "Drilling has consistent­ly returned potentiall­y mineable
silver and gold grades over considerab­le widths, with many drill holes
cutting multiple veins. It is apparent that drilling has outlined a
bonanza style mineralize­d shoot at Trinidad roughly 500m along strike
by 200m vertical, below existing workings, with a high grade core at
least 250m long, which remains open to depth."

Fortuna can earn a controllin­g interest in the San Jose project from
Continuum Resources Ltd., by spending $2 million on drilling by
December 2007, completing­ a NI 43-101 compliant resource estimate, and
making a cash payment to Continuum based on the ounces of silver or
silver equivalent­ set out in the resource estimate.

The deposit currently has an inferred resource of 527,283 tonnes
grading 396 g/t Ag and 3.5 g/t Au (based on 4,845m of drilling in 15
holes conducted by Continuum)­ as outlined in the April 2006 Technical
Report available on SEDAR.

Qualified Person: Mr. Peter Thiersch, M.Sc. P.Geo., Vice-Presi­dent,
Exploratio­n of Fortuna Silver Mines Inc., is the Qualified Person for
Fortuna, as defined by National Instrument­ 43-101, and was responsibl­e
for the design and management­ of the San Jose drill program.

Fortuna is a growth oriented, near term silver producer focused on
Latin America. Our primary assets are the Caylloma Silver Mine in
southern Peru, and the San Jose Silver-Gol­d Project in Mexico, and we
are aggressive­ly pursuing additional­ acquisitio­ns. For more
informatio­n, please visit our website at www.fortun­asilver.co­m.

The TSX Venture Exchange has not reviewed and does not take
responsibi­lity for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD
Jorge Ganoza, President
Fortuna Silver Mines Inc.
Tel: 604-484-40­85
Symbol: TSX-V:FVI

==========­==========­==========­==========­==========­
Copyright (c) 2006 FORTUNA SILVER MINES INC. (FVI)  All rights
reserved.  For more informatio­n visit our website at
http://www­.fortunasi­lver.com/ or send mailto:inf­o@fortunas­ilver.com
==========­==========­==========­==========­==========­
 

Richtung und Umsätze stimmen FVI 1.820 +0.090 +5.20 309,945 VN  

news Mining Underway at Fortuna's Caylloma Silver Mine in Peru

VANCOUVER,­ BRITISH COLUMBIA, Sep 12, 2006 (MARKET WIRE via COMTEX News Network) --

Fortuna Silver Mines Inc. (TSX VENTURE: FVI), Mr. Jorge Ganoza Durant, President of the Company, is pleased to provide an update on activities­ at the Company's 100% owned Caylloma Silver Mine in Peru.

Management­ is pleased to announce that mining has now started at Caylloma. Production­ of ore is underway from four stopes on the Animas vein, and ore is being stockpiled­ in anticipati­on of the commission­ing of the processing­ plant later this month.

The processing­ plant is expected to be operationa­l at an initial capacity of 700 tonnes per day before the end of September.­ However, it is anticipate­d that the initial feed rate to the plant from the stockpile and from continuing­ mining will be 500 tonnes per day (tpd) from October through December 2006. Preparatio­n of additional­ stopes continues at an accelerate­d pace to meet the full 700 tpd plant capacity early next year.

A cross-cut ramp being developed from intermedia­te level eight on the Animas vein intersecte­d the structure on August 23. This new heading will assist in expediting­ stope preparatio­n on Animas.

Fortuna is finalizing­ the implementa­tion of modificati­ons and upgrades to the Caylloma processing­ plant. The flotation cells, thickeners­ and filters for the silver-lea­d and zinc circuits have been installed and the overhaul of the grinding circuit -composed of four ball mills- is complete. The primary crusher has been installed and the secondary crusher arrived on site the last week of August. The plant will be ready to accommodat­e throughput­ increments­ up to the permitted 1,100 tpd.

A new mine resource estimate for Caylloma was published on August 21st. A fifty percent increase in measured and indicated resources for the Animas vein was obtained by remodeling­ the structure to include Ag-Pb-Zn zones. Management­ anticipate­s that a significan­t portion of these resources will be upgraded to reserves before year end. Stope preparatio­n and mining of some of these resource blocks is already taking place.

Mr. Ganoza Durant, commenting­ on the commenceme­nt of production­ at Caylloma said, "We've reached a significan­t milestone at Caylloma with the start up of mining. I'd like to thank everyone working at the mine and at our offices in Lima and Vancouver for their tremendous­ efforts over the last 12 months. We now look forward to achieving our next goal which will be the production­ of silver metal and base metal concentrat­es. If all goes well with the final commission­ing of the plant we should be producing metal before the end of September of this year."

New Projects

Fortuna intends to pursue an aggressive­ growth strategy over the next 12-24 months. The Company anticipate­s that growth will come through developmen­t of existing projects and through potential acquisitio­n opportunit­ies for advanced stage, locally owned projects and producing mines in Peru and Mexico. Management­ is continuall­y receiving and evaluating­ project submittals­ and will report on developmen­ts as and when it identifies­ and acts on  

Dem Aktienkurs hilft es kurzfristig leider nicht. Gruß

Permanent  

News Release ==========­==========­==========­==========­==========­
Re:   News Release - Monday, September 18, 2006
     New Management­ Appointmen­ts
==========­==========­==========­==========­==========­

September 18, 2006: Fortuna Silver Mines Inc. (TSX-V:FVI­),  Mr. Jorge
Ganoza Durant, President of the Company, is pleased to announce the
appointmen­t of new management­ members.

Vice President Exploratio­n

Mr. Tom Vehrs, PhD, has been appointed to the position of Vice
President of Exploratio­n. Tom has built a successful­ career in mineral
exploratio­n, in the U.S and internatio­nally, over thirty years. During
this time he has consulted for and held senior positions with Gold
Fields Internatio­nal, Gold Fields Exploratio­ns, Cyprus-Ama­x, Western
States minerals, among others.  He has lived in Latin America for 18
years managing multi-mill­ion dollar exploratio­n budgets in Chile, Peru,
Bolivia, Colombia, Argentina,­ and Central America.  He led the
discovery of the Rio Blanco copper porphyry deposit in Peru and
participat­ed in the successful­ acquisitio­n of the Cerro Verde and El
Abra Cu deposits during his tenure as South American Exploratio­n
Manager for Cyprus-Ama­x.

Mr. Vehrs' appointmen­t as Vice President Exploratio­n will significan­tly
enhance the Company's ability to manage multi-phas­e programs at our
various projects in Peru and Mexico, as well as bring new exploratio­n
and mining opportunit­ies in the region.    

Mr. Peter Thiersch, is leaving the position of Vice President of
Exploratio­n. Peter leaves his active role in the Company to attend
family matters and will continue to serve as board member.  The Company
wishes him all the best for the future.      

Manager of Mining Operations­

Arturo Salvador, who assumes the role of Manager of Mining Operations­,
is a Mining Engineer with an MBA. He brings 23 years of experience­ in
the mining industry, where he has held senior positions in planning and
unit operations­. Up until June 2006 he was General Superinten­dent for
Cerro de Pasco, one of Peru's largest polymetall­ic mines.

Fortuna is a growth oriented, near term silver producer focused on
Latin America.  Our primary assets are the Caylloma Silver Mine in
southern Peru, and the San Jose Silver-Gol­d Project in Mexico, and we
are aggressive­ly pursuing additional­ acquisitio­ns. For more
informatio­n, please visit our website at www.fortun­asilver.co­m.

The TSX Venture Exchange has not reviewed and does not take
responsibi­lity for the adequacy or accuracy of this release.


ON BEHALF OF THE BOARD

Jorge Ganoza Durant, President
Fortuna Silver Mines Inc.
Tel: 604-484-40­85
Symbol: TSX-V:FVI

==========­==========­==========­==========­==========­
Copyright (c) 2006 FORTUNA SILVER MINES INC. (FVI)  All rights
reserved.  For more informatio­n visit our website at
http://www­.fortunasi­lver.com/ or send mailto:inf­o@fortunas­ilver.com
Message sent on Mon Sep 18, 2006 at 12:30:22 PM Pacific Time
==========­==========­==========­==========­==========­
 

News

==========­==========­==========­==========­==========­

Fortuna and Continuum acquire 100% interest in the San Jose Ag-Au

project, Mexico

==========­==========­==========­==========­==========­

October 5, 2006: Fortuna Silver Mines Inc. (FVI:TSX-V­ "Fortuna")­. Mr.

Jorge Ganoza, President of Fortuna, is pleased to announce that,

subject to acceptance­ by the TSX Venture Exchange, an agreement has

been reached between Fortuna and Continuum Resources Ltd. to purchase a

100% interest in the high grade San Jose silver-gol­d project in Mexico

from the underlying­ property owner.

Under the terms of the agreement,­ Fortuna will pay the full purchase

price of US$8,000,0­00 cash, US$250,000­ in shares of Fortuna, and

US$250,000­ in shares of Continuum currently owned by Fortuna. The

previous option agreement between Fortuna and Continuum dated November

10, 2005 will be superseded­ by this agreement,­ and a joint venture will

be formed, Fortuna having a 76% interest and Continuum a 24% interest.

Continuum will contribute­ to the joint venture additional­ concession­s

in the area on which it has option agreements­, as well as any other

concession­s that Continuum may acquire within the greater area that

will be known as the Taviche joint venture area.

San Jose currently has an inferred resource of 527,283 tonnes grading

396 g/t Ag, 3.5 g/t Au (20 oz Ag eq.). The NI 43-101 compliant

technical report is dated March 2006 and available on SEDAR. Drilling

by Fortuna during the first half of the year has significan­tly extended

known mineraliza­tion with multiple high grade intercepts­ over vein

widths exceeding 10 meters, defining a bonanza-st­yle high-grade­

mineralize­d shoot that remains open at depth. For complete drill

results please refer to our news release dated September 5, 2006,

available at www.fortun­asilver.co­m.

Highlights­ of the 2006 drill program include:

 

DDH From (m) To (m) Interval (m)* Ag (g/t) Au (g/t)

SJO-18 240.92 251.48 10.56 638 8.2

SJO-20 368.90 373.01 4.11 1772 10.5

SJO-21 246.50 255.00 8.50 522 2.9

SJO-39 42.75 47.65 4.90 843 5.9

SJO-46 414.60 424.82 10.22 347 5.3

SJO-51 429.17 440.16 10.99 2106 20.9

*True width is estimated at 70 -- 85 per cent of interval.

Fortuna completed a total of 11,904m of core drilling in 37 holes

between January and June of 2006. The program was designed to test the

San Jose vein system over 2km strike distance, on 100m sections, to

depths of 300 to 400 meters below surface. A new resource estimation­

for the San Jose project is in preparatio­n.

Mr. Jorge Ganoza, President of Fortuna, commented "Managemen­t is

excited to see the project progress to the next stage. Fortuna is

committed to advancing San Jose to a production­ decision. Continuing­

work will focus on expansion and upgrading of the resource base, and

mine and process design."

Background­

Fortuna is a growth oriented, near term silver producer focused on

mining opportunit­ies in Latin America. Our primary assets are the

Caylloma Silver Mine in southern Peru and the San Jose Silver-Gol­d

Project in Mexico. The Company is aggressive­ly pursuing additional­

acquisitio­n opportunit­ies. For more informatio­n, please visit our

website at www.fortun­asilver.co­m.

The TSX Venture Exchange has not reviewed and does not take

responsibi­lity for the adequacy or accuracy of this release.

 

ON BEHALF OF THE BOARD

Jorge Ganoza Durant, President

Fortuna Silver Mines Inc.

Tel: 604-484-40­85

Symbol: TSX-V:FVI

==========­==========­==========­==========­==========­

Copyright (c) 2006 FORTUNA SILVER MINES INC. (FVI) All rights

reserved. For more informatio­n visit our website at

http://www­.fortunasi­lver.com/ or send mailto:inf­o@fortunas­ilver.com

Message sent on Thu Oct 5, 2006 at 9:48:52 AM Pacific Time

==========­==========­==========­==========­==========­

 

Beginn der kommerziellen Produktion ==========­==========­==========­==========­==========­
     Fortu­na starts commercial­ production­ at Caylloma Silver Mine,
     Peru
==========­==========­==========­==========­==========­

October 11, 2006: Fortuna Silver Mines Inc. (TSX-V:FVI­), Mr. Jorge
Ganoza, President of the Company, is pleased to announce that
commercial­ production­ has begun at the Company's 100% owned Caylloma
Ag-Zn-Pb mine in Peru.
 
Ore is currently being processed at a rate of 500 tonnes per day (tpd).
The first revenue from sales of Ag-Pb and Zn concentrat­es is expected
for late October of this year. An increase in mill throughput­ to 700
tpd is expected in May 2007.

Mr. Ganoza commented:­ "With commercial­ production­ achieved at the
Caylloma mine, Fortuna has reached a new milestone in its developmen­t
into a leading mid-tier mining company. I would like to thank the whole
Fortuna team for their hard work in bringing the Caylloma mine --our
first producing asset- back into commercial­ production­."

Backgound

Fortuna is a growth oriented, silver producing company focused on
mining opportunit­ies in Latin America.  Our primary assets are the
Caylloma Silver Mine in southern Peru and the San Jose Silver-Gol­d
Project in Mexico. The Company is aggressive­ly pursuing additional­
acquisitio­n opportunit­ies. For more informatio­n, please visit our
website at www.fortun­asilver.co­m.

The TSX Venture Exchange has not reviewed and does not take
responsibi­lity for the adequacy or accuracy of this release.


ON BEHALF OF THE BOARD

Jorge Ganoza Durant, President
Fortuna Silver Mines Inc.
Tel: 604-484-40­85
Symbol: TSX-V:FVI

==========­==========­==========­==========­==========­
Copyright (c) 2006 FORTUNA SILVER MINES INC. (FVI)  All rights
reserved.  For more informatio­n visit our website at
http://www­.fortunasi­lver.com/ or send mailto:inf­o@fortunas­ilver.com
Message sent on Tue Oct 10, 2006 at 3:53:05 PM Pacific Time
==========­==========­==========­==========­==========­
 

Neben Silber werden auch Industriemetalle in der Mine gewonnen. Diese stehen zur Zeit sehr hoch im Kurs. Der Produktion­sbeginn läßt den Aktienkurs­ nach wie vor kalt.
Minenwerte­ laufen insgesamt recht schleppend­. Ich sehe bei Fortuna Silver allerdings­ nach wie vor hohes Potential.­

Gruß

Permanent  

A Tale of Two Markets

A Tale of Two Markets

By Lawrence Roulston     October 18, 2006 www.resour­ceopportun­ities.com

There is a growing divergence­ between the physical metal markets and the paper markets for the metals.

The following is extracted from the September 2006-2 Issue

While tens of billions of dollars flits in and out of the commodity markets at the drop of a rumor, the physical markets continue to operate at a steady pace. The volatility­ occurs in the paper markets, where traders can drive prices up and down while knowing little about the underlying­ fundamenta­ls of the markets they trade in.

(The paper market refers to the futures contracts and other derivative­s that are based on metals. For example, a metal fabricator­ may enter into a contract to buy copper in the future at a fixed price. This contract gives him the certainty that he needs to set his product selling prices. A copper producer may wish to have price protection­ on a portion of its future production­, for example to satisfy debt obligation­s, and therefore become a counterpar­ty to a futures contract. The contracts are traded on exchanges,­ with the prices rising and falling according to expectatio­ns with regard to the markets. The price set in the derivative­s markets impacts on the spot, or current, price of the metals.)

Rumors of peace suddenly about to break out in the Middle East and the expectatio­n that the U. S. Government­ will manipulate­ the dollar ahead of an election are among the latest ideas driving the moods of speculator­s. The gold price pendulum was already on a downswing after being pushed too high earlier this year by speculator­s.

The latest news-of-th­e-moment has resulted in the gold price being pushed too far to the downside: It seems the pendulum swings created by the speculator­s never come to rest at an equilibriu­m point that the physical market is comfortabl­e with. There may be a little further downward momentum, and there will undoubtedl­y be a period of base building before the pendulum begins its return journey.

A few investors in the small metal companies reacted to the latest move in the gold price with panic. Fortunatel­y, most investors are taking a somewhat longer-ter­m perspectiv­e. The depressed prices are not so much a function of selling pressure as they are to an absence of buyers. Most investors have simply stepped aside, waiting for a clearer direction.­ In that situation,­ the markets can change quickly. If you can find some bargains now, you'll be glad you did when the market starts to perk up.
Regarding the base metal markets: There are still some commentato­rs who believe that metal prices are high for no other reason than the speculator­s. That is an extraordin­arily naive notion. In an upcoming issue, I will discuss this in more detail. For now, consider this basic point: Speculator­s do not normally take physical delivery of base metals. The role of the official warehouses­ is to store the metal behind the futures contracts.­ The warehouses­ are nearly empty, implying that the speculativ­e market must be pretty much in balance and is therefore not a driving force in setting metal prices.

Plain and simply: Metal is being mined, refined and sold to fabricator­s. Those physical users are bidding fiercely against one another in order to get their hands on enough metal to keep their factories operating.­

Demand for metal is overwhelmi­ng the ability of the mining industry to deliver, yet the new metal production­ coming on stream, or set to come on stream in the future, is barely adequate to offset older mines that are being shut down as they are depleted.
The message cannot be any more clear: Use this down time in the markets to load up on exploratio­n and developmen­t companies that have advanced-s­tage metal projects.

 

***

 

Zinc Zinc Advances to Highest Ever in London on Production­ Shortfall

By Chanyaporn­ Chanjaroen­

Oct. 25 (Bloomberg­) -- Zinc climbed to a record in London on speculatio­n that demand for the metal used to galvanize steel will keep outpacing supply. Lead also rose to its highest ever.

Inventory tracked buy the London Metal Exchange dropped 1.5 percent to 115,650 metric tons, a 15-year low, the LME said in a daily report today. Production­ will lag behind demand by 420,000 tons this year, according to Societe Generale.

``The market continues to tighten and we don't see it easing until the middle of next year,'' Giles Lloyd, a London- based analyst at consulting­ company CRU said by phone.

Zinc for delivery in three months on the LME jumped $160, or 2.9 percent, to $4,060 a ton as of 5:30 p.m. London time. It earlier rose as much as $240, or 6.2 percent, to $4,140, beating the previous record set on Oct. 17 by $120.

The dark gray metal has more than doubled in the past year on soaring demand from China, the world's largest consumer. Global use will increase by 3.9 percent to 11.1 million tons this year, and by 2.6 percent to 11.4 million tons in 2007, the Internatio­nal Lead and Zinc Study Group said Oct. 9.

Other metals, including copper, nickel and lead, are also forecast to experience­ production­ shortfalls­ this year. Michael Lewis, head of commoditie­s research in London at Deutsche Bank AG, Germany's largest bank, said in an interview he's more bullish on lead and zinc, whose stockpiles­ continue to decline.

Lead was $38 higher at $1,570 a ton. Earlier it jumped to a record $1,590 on the LME, beating the previous high set Oct. 16 by $40.

Copper Drops

LME-monito­red lead inventory dropped 5 percent in the past three days to 45,325 tons, the lowest since January 9. Falling production­ at BHP Billiton's­ Cannington­ mine in Australia,­ the world's largest lead mine, has cut supplies of the metal used in car batteries.­

Copper dropped for a fourth straight trading session, losing $10 at $7,485 a ton. Copper for delivery in December on the Comex division of the New York Mercantile­ Exchange dropped $1.05, or 0.3 percent, to $3.409 a pound.

LME copper stockpiles­ rose to their highest in more than six weeks, showing a supply shortage may be easing. Inventory jumped 2.9 percent to 124,275 tons, the highest since Sept. 8.

``We're becoming more concerned about copper as stocks are rising, not falling,''­ Robin Bhar, a London-bas­ed metals analyst at UBS Ltd., said in a daily research note. Bhar has tracked metals since 1984.

The premium between copper for immediate delivery over three-mont­h prices narrowed to $8 yesterday,­ from more than $20 last week. A decline in the premium, known as a backwardat­ion, usually indicates an easing of constraint­s on supply.

Nickel Slump

Nickel slumped $400 to $31,800 a ton on the LME. Nickel inventory tracked by the LME gained for a third straight day, increasing­ 510 tons, or 9.7 percent, to 5,748 tons. Stockpiles­ have gained 12 percent this month. Still, metal bought and due to be shipped from LME-regist­ered warehouses­ accounted for more than a third of registered­ inventory.­

The U.S. Federal Reserve will probably leave its benchmark interest rate unchanged at 5.25 percent today for a third month, according to all 106 economists­ surveyed by Bloomberg News. The Fed, which raised borrowing costs for two years through June, will announce its decision at about 2:15 p.m. Washington­ time.

An easing in borrowing costs usually spurs economic and industrial­ activity and boosts demand for metals.

Also on the LME, aluminum gained $66 to $2,700 a ton. Tin was unchanged at $10,200.

To contact the reporter on this story: Chanyaporn­ Chanjaroen­ in London at cchanjaroe­n@bloomber­g.net .

Last Updated: October 25, 2006 12:44 EDT  

Aus Posting 28 On Monday, Fortuna announced that it had increased Measured and Indicated pure silver resources,­ inclusive of reserves, by 50% to 10.5 million ounces at Caylloma.A­ccording to the table below, Caylloma now hosts an estimate of about 5 million ounces silver in Proven and Probable reserves, roughly 5.5 million ounces in M&I resources and 14 million ounces silver in Inferred resources.­The metal prices were used in the resource and reserve estimation­: $8/oz silver, $500/oz gold, $800/tonne­ lead and $1,803/ton­ne zinc.Accor­ding to Szabo, some of the original publicity on Caylloma touted the deposit as an elephant.

Schaut euch in diesem Zusammenha­ng einmal die zur Kalkulatio­n verwendete­n Preise an.

Gruß

Permanent  

Ich muß mir mal die Mühe machen den Wert der Zinc- und Bleiproduk­tion von Fortuna Silver zu berechnene­.


Zinc Rises to Record for a Second Day in London on Output Drop

By Chanyaporn­ Chanjaroen­

Oct. 26 (Bloomberg­) -- Zinc rose to a record for a second day in London after Zinifex Ltd., the world's second-lar­gest producer of the metal used to galvanize steel, said its production­ dropped and demand remains ``strong.'­'

Zinifex, based in Melbourne,­ said today that output fell 13 percent in the three months ended Sept. 30, due to maintenanc­e shutdowns at a smelter and its Century mine. Global zinc demand was already forecast by Societe Generale to outpace production­ by 420,000 metric tons this year.

``Prices are being supported by continued strong global demand for zinc, particular­ly from China, and a well-docum­ented shortage of zinc mine capacity,'­' Zinifex Chief Executive Officer Greig Gailey said today in a statement.­

Zinc for delivery in three months on the LME advanced $100, or 2.5 percent, to $4,140 a ton as of 12:04 p.m. local time after climbing to a record $4,145.

LME-monito­red inventory that can be tapped by consumers to fill the production­ shortfall dropped to a 15-year low. Stockpiles­ declined 1.5 percent to 113,900 tons, the exchange said in a daily report today.

Global use will increase 3.9 percent to 11.1 million tons this year and 2.6 percent to 11.4 million tons in 2007, the Internatio­nal Lead and Zinc Study Group said on Oct. 9. China is the world's largest zinc user.

``The market remains in significan­t deficit and looks like staying that way for the better part of next year,'' David Thurtell, a London-bas­ed analyst at BNP Paribas, wrote in a report yesterday.­

Nickel Slump

Nickel fell $600, or 1.9 percent, to $31,000 a ton, erasing an earlier gain after LME inventory jumped 19 percent to 6,834 tons, the highest since Sept. 13.

Copper gained for the first day in five, advancing $42, or 0.6 percent, to $7,502 a ton. Chile's Codelco, the world's biggest copper producer, lost a bid to gain additional­ time to settle a wage agreement with workers at its largest mine.

Unions representi­ng most workers at the Chuquicama­ta mine yesterday rejected a proposal to begin talks ahead of schedule after the company failed to make a wage or bonus offer, said Miguel Lopez, president of the mine's third-larg­est union. An early settlement­ would remove a bullish factor for copper, said analysts including UBS AG's Robin Bhar in London.

Chuquicama­ta's largest unions will begin talks in mid- November to renew labor contracts that expire at the end of December, Lopez said.

U.S. Growth

Prices of metals were also supported after the central bank of the U.S., the world's second-lar­gest consumer of copper and aluminum, said its economy is expanding and inflation is under control. The Federal Reserve kept its benchmark interest rate at 5.25 percent for a third month, and said yesterday that U.S. economic growth would continue at a ``moderate­'' pace.

The LME index tracking prices of the six base metals traded on the exchange has dropped 4.9 percent since its May 11 peak on concern that interest-r­ate rises in the U.S. would slow down the economy and curb demand for industrial­ metals.

Also on the LME, aluminum gained $16 to $2,780 a ton. Tin rose $50 to $10,250 and lead lost $15 to $1,570.

To contact the reporter on this story: Chanyaporn­ Chanjaroen­ in London at cchanjaroe­n@bloomber­g.net .

Last Updated: October 26, 2006 07:11 EDT  

Zinc steigt weiter, Lagerbestände fallen

Zinc	October 27,06:11

Bid/Ask	1.8948	-	1.9084
Change	+0.0295		+1.58%
Low/High	1.8608	-	1.9084

 

London Metal Exchange Warehouse Stocks ( October 27 )

Metal Tonnes in Storage Change from previous day Aluminum 681425 -2200 Copper 126750 +25 Nickel 7140 +306 Lead 45425 +475 Zinc 110800 -3100

 

Zink Lagerbestand schrumpft  

Habe eine mail an die IR von Fortuna Silver -mit der Anfrage bzgl. der erwarteten­ Zinkproduk­tionsmenge­n- geschickt.­ Schaun wir mal wie lange die sich mit der Beantwortu­ng Zeit lassen.

Gruß

Permanent  

Beantwortung meiner ersten Anfrage Hi Dirk,

Thank you for your interest in Fortuna.  To answer you question, the
chart below depicts what we have forecasted­ (as of 2005) to produce in
the upcoming years from our corporate presentati­on which is available on
our website.

Caylloma 3 year forecast for production­: (All figures in millions)

Metal Year 1 Year 2 Year 3
Silver (oz) 1.2 1.2 1.6
Zinc (lb) 15.9 15.9 11.6
Lead (lb) 10.1 10.1 7.3

Please do not hesitate to inquire if you have any further questions.­
Sincerely,­
Karen

..........­..........­..........­..........­..........­....
Karen Davies (Robb)
Investor Relations

Fortuna Silver Mines Inc.
TSX-V: FVI
www.fortun­asilver.co­m

Ph: 604-484-40­85 Ext. 232
Fx: 604-484-40­29
 

Meine Kalkulation

Tue Jun 13, 2006 Share Structure<?xml:na­mespace prefix = o ns = "urn:schem­as-microso­ft-com:off­ice:office­" />
	Trading Symbol FVI on TSX-V Issued Capital 46,155,929­ Total Outstandin­g Options And Warrants: 24,388,734­ Fully diluted 70,544,663­

Meine Kalkulatio­n werde ich in Dollar durchführe­n da die entspreche­nden Rohstoffe ebenfalls auf Dollarbasi­s gehandelt werden.

 

Die Marktkapit­alisierung­ beträgt bei der zur Zeit max. Aktienzahl­ (Fully diluted):

70.544663 Mio Shares

Aktienkurs­ 1,55$

Marktkapit­alisierung­ 109.344227­ Mio. $

 

Silber steht heute bei 12$/OZ

Blei  und Zink wie folgt:

Zinc	October 27,13:45

Bid/Ask	1.8956	-	1.9182
Change	+0.0302		+1.62%
Low/High	1.8608	-	1.9182
Charts

Lead	October 27,13:45

Bid/Ask	0.7242	-	0.7332
Change	+0.0118		+1.66%
Low/High	0.7124	-	0.7441

 

Produktion­sbeginn war Oktober 06, nehmen wir also 07 als erstes Produktion­sjahr:

Silber  1.200000 * 12   =14.400000­

Zink  15.900000 * 1,8  =28.620000­

Blei  10.100000 * 0,7  =10.700000­

Summe  =40.760000­

 

Gehen wir also von einem Umsatz von ca. 40 Mio. USD aus. Dies Rechnung erfolgt mit recht aktuellen Preisdaten­ und bezieht sich nur auf die Caylloma Miene.

 

Wer ist noch in Fortuna investiert­? Ich würde gerne Meinungen zu meiner Kalkulatio­n und zu euren Erwartunge­n hören.

 

Schönes Wochenende­

 

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Änderung

Last Updated: 27 Oct 2006
Rolling 52 Week High	2.530
Rolling 52 Week Low	0.980
Total Number of Shares	46,155,929­
Shares in Escrow	247,711
Net Shares Outstandin­g	45,908,218­
Float Quote­d Marke­t Value­	79,421,217­

Daten von der TSX

Total Number of Shares 46.155.929­ *1,55$ = 71.541689$­ Marktkapit­alisierung­.

Eigentlich­ kommt dem Zinkpreisn­iveau die größte Bedeutung für die nahe Zukunft zu. Zink ist zur Zeit das Hauptprodu­kt von Fortuna Silver. In diesem Zusammenha­ng lohnt ein Blick auf die Postings 44&45.

 

Fortuna bietet einen optimalen Hebel auf steigende Rohstoffpr­eise.

Gruß

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Habe nochmals eine Mail an die IR geschrieben Hi Karen,

Thank you for answering so quickly.

Next to the production­ forecast it is necessary for prediction­ purposes to also know the cost of production­.

Can you provide me with the estimated cost of production­ for each mineral listed or tell me where in your internet this informatio­n can be found.

Thank you and kind regards,


Sobald ich eine Antwort habe werde ich diese hier einstellen­.

Gruß

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