Mr. Jorge Ganoza reports
FORTUNA PROVIDES UPDATE ON SAN JOSE'S ENVIRONMENTAL IMPACT AUTHORIZATION
Mexican Federal Administrative Court has granted a provisional
injunction to Compania Minera Cuzcatlan, Fortuna's Mexican subsidiary,
which allows the San Jose mine to continue to operate under the terms of
the 12-year environmental impact authorization (EIA).
Cuzcatlan initiated legal proceedings (the "Legal Proceedings") to
contest and revoke the annulment of the EIA in response to the
resolution issued by the Secretaria de Medio Ambiente y Recursos
Naturales ("SEMARNAT"). SEMARNAT is re-assessing the 12-year extension
to the EIA for the San Jose Mine that it granted to Minera Cuzcatlan in
December 2021 (refer to Fortuna news releases dated December 20, 2021
and January 5, 2023).
The Court has admitted the Legal
Proceedings, and as a first step has granted a provisional injunction in
favor of Minera Cuzcatlan. It is expected that the Court will decide on
the grant of a permanent injunction, within the coming weeks, which
would continue in effect until the Court has ruled on the revocation of
Minera Cuzcatlan is in full compliance with all material
environmental laws and continues to operate under the terms of the EIA.
The Company continues to work with communities from the surrounding area
in relation to the mine to enhance and expand the social benefits of
the mine in the region. The mine is the single largest employer in the
region of Valles Centrales and provides direct employment to over 1,200
people. The Company has sustainable development initiatives with various
neighboring communities and works with over 150 small local
About Fortuna Silver Mines Inc.