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Fortuna Mining Corp 6-K, filed Mar 5, 2020

Fortuna Mining Corp. (FSM)

6-K 2020-03-05 For: 2020-03-05
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Added on April 11, 2026

About this 6-K

Fortuna Mining Corp filed this 6-K on March 5, 2020.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUERPURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2020

Commission File Number 001-35297

Fortuna Silver Mines Inc.

(Translation of registrant’s name into English)

200 Burrard Street, Suite 650, Vancouver, British Columbia, Canada V6C 3L6

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

FORM 20-F  ¨       FORM 40-F  þ

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fortuna Silver Mines Inc.
(Registrant)
Date: March 5, 2020 By: /s/ "Jorge Ganoza Durant"
Jorge Ganoza Durant
President and CEO

Exhibits:

99.1       NewsRelease dated March 5, 2020

Exhibit 99.1

Fortuna Provides an Update on the Statusof Disputed Royalty at the San Jose Mine


Vancouver, March 5, 2020-- Fortuna SilverMines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to provide an update on the status of the legal proceedings related to a disputed royalty on one of its extracting mining concessions at the San Jose Mine, located in Oaxaca, Mexico.

In early February 2020, the Company initiated legal proceedings against the Dirección General de Minas (“DGM”) to contest the procedure taken by the DGM to cancel one of its mining concessions if the disputed royalty plus VAT is not paid before March 15, 2020 (refer to Fortuna news release dated January 29, 2020).

The District Court in Mexico City admitted the Company’s legal proceedings and on March 2, 2020 also granted a permanent stay of execution, which protects the Company from the cancellation of the concession until a resolution by the Court is reached on the legality of the cancellation procedure. The timing of a decision by the Court at first instance in this action against the DGM is uncertain and may take several months. In the event that the Company is unsuccessful in these proceedings, it may appeal. If ultimately the Company does not prevail, it may be required to pay the disputed royalty in order to preserve the mining concession.

The administrative and legal proceedings initiated by the Company against the DGM in 2018 to remove reference to the royalty on the title register, are progressing in accordance with the procedures of the Mexican Administrative Court.

About Fortuna Silver Mines Inc.

Fortuna is a growth oriented, precious metals producer focused on mining opportunities in Latin America. Our primary assets are the Caylloma silver Mine in southern Peru, the San Jose silver-gold Mine in Mexico and the Lindero gold mine, currently under construction, in Argentina. The Company is selectively pursuing acquisition opportunities throughout the Americas and in select other areas. For more information, please visit our website at www.fortunasilver.com.

ON BEHALF OF THE BOARD

Jorge A. Ganoza

President, CEO and Director

Fortuna Silver Mines Inc.

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Trading symbols: NYSE: FSM |

TSX: FVI

Investor Relations:

Carlos Baca

T (Peru): +51.1.616.6060, ext. 0

Forward-looking Statements

This news release contains forward-lookingstatements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislationand “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private SecuritiesLitigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other thanstatements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertaintieswhich could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-lookingStatements in this news release may include, without limitation, statements about the Company’s administrative and legalproceedings against the DGM, the outcome of the Company’s legal proceedings against the DGM to contest the cancellation procedure,and the potential for the Company to be required to pay, or post a bond or other security to pay the amount claimed to preserveits mining concession in the event that the Company’s legal proceedings to contest the cancellation procedure are unsuccessful,how the Company would satisfy such payment and other matters. Often, but not always, these Forward-looking Statements can be identifiedby the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statementsthat events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking Statements involve knownand unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Companyto be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements.Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; changes inprices for silver and other metals; technological and operational hazards in Fortuna’s mining and mine development activities;risks inherent in mineral exploration; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metalrecoveries; changes to current estimates of mineral reserves and resources; changes to production estimates; governmental and otherapprovals; changes in government, political unrest or instability in countries where Fortuna is active; labor relations issues;as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form. Although the Companyhas attempted to identify important factors that could cause actual actions, events or results to differ materially from thosedescribed in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from thoseanticipated, estimated or intended.

Forward-looking Statements containedherein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to expectationsregarding success in its legal proceedings which is based upon advice from independent law firms, expected trends in mineral pricesand currency exchange rates; the accuracy of the Company’s current mineral resource and reserve estimates; that the Company’sactivities will be in accordance with the Company’s public statements and stated goals; that there will be no material adversechange affecting the Company or its properties; that all required approvals will be obtained; that there will be no significantdisruptions affecting operations and such other assumptions as set out herein. Forward-looking Statements are made as of the datehereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information,future events or results or otherwise, except as required by law. There can be no assurance that the Company will be successfulin its legal proceedings or that these Forward-looking Statements will prove to be accurate, as actual results and future eventscould differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-lookingStatements.