Mr. Jorge Ganoza reports
FORTUNA REPORTS RESULTS OF ANNUAL GENERAL MEETING AND ANNOUNCES THE APPOINTMENT OF AN ADDITIONAL DIRECTOR TO THE BOARD
Fortuna Silver Mines Inc. has released the voting results from the company's annual general meeting held on June 27, 2022, and has appointed an additional director to the board.
A total of 138,713,814 common shares were represented at the meeting, being 47.48 per cent of the company's issued and outstanding shares as at the record date. Shareholders voted in favour of all matters brought before the meeting, including the appointment of an auditor and the election of management's nominees as directors.
Detailed results of the votes on the election of directors are provided in an attached table.
After the annual general meeting, the board approved the appointment of Salma Seetaroo as an additional director of the company. Ms. Seetaroo brings her skills and experience in commodities, financing, investment banking and project development in West Africa. She has spent the past 17 years working on debt, equity and special-situation investments in Africa as an investment banker. Ms. Seetaroo is the co-founder and chief executive officer of Cashew Coast, an integrated cashew business located in Ivory Coast, with two processing factories employing over 1,000 people, primarily women, and supporting approximately 5,000 farmers. She currently sits on the board of GoviEx Uranium Inc., a Canadian mineral resource company, listed on the TSX Venture Exchange, that is focused on the exploration and development of uranium properties in Africa, and is also a member of the global advisory board of the Bayes Business School at City, University of London, United Kingdom, where she earned an executive MBA. Ms. Seetaroo started her career as a city solicitor with global law firm Norton Rose Fulbright in London.
David Laing, chair of the board of Fortuna, commented: "On behalf of the board of directors, I am very pleased to extend Salma a warm welcome to our team. Her extensive business and operational experience in Africa will complement our board's capabilities as Fortuna continues to position itself as a leading global precious metals mining company with operations in Latin America and West Africa."
Jorge Ganoza, co-founder, president, chief executive officer and director of Fortuna, commented: "Salmas knowledge, skill and experience in investment banking and business development in West Africa complement our board's capacity to steward the company as we expand our presence in West Africa, one of the most prolific gold-producing regions in the world. This year, West Africa is planned to contribute approximately 100,000 ounces to our gold production, which represents 27 per cent of consolidated gold equivalent ounces. In 2022, the region will receive 71 per cent of our capital investment budget of $244-million. We have seeded brownfield and greenfield opportunities to continue expanding gold production in the region in the coming years."
About Fortuna Silver Mines Inc.
Fortuna Silver Mines is a Canadian precious-metal-mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and a fifth mine under construction in Ivory Coast. Sustainability is integral to all operations and relationships. Fortuna Silver Mines produces gold and silver, and generates shared value over the long term for its stakeholders through efficient production, environmental protection and social responsibility.
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