Fortuna Silver Mines- Emerging Silver Producer

Fortuna Silver Mines Inc. (TSX: FVI) is an emerging low cost silver producer in Latin America with operations in Peru and Mexico. Fortuna is on schedule and budget to commission its second mine, the San Jose silver - gold Mine in the third quarter of 2011. Goldalert.com visits with Fortuna's CEO, Jorge Ganoza, on-site in Oaxaca, Mexico. The San Jose silver - gold Mine, with expected annual production of 5 million Ag Eq oz at a cash cost less than US$ 6.20 / Ag Eq oz, will dramatically increase shareholder exposure to silver. Once the San Jose Mine is in operation at full design capacity, Fortuna's annual production will be 7 million ounces of Ag Eq plus base metal credits from the Caylloma Mine in Peru.

Fortuna's cash cow to date is the Caylloma Mine, but the commissioning of the San Jose silver - gold Mine in the third quarter of 2011 will catapult FVI into the exclusive class of multi-asset profitable silver producers. With silver prices near all-time highs, emerging silver producer stocks and silver investments such as Fortuna Silver Mines, represent an attractive alternative to silver and gold ETFs such as the GDX.

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