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(Kitco News) – Fortuna Silver Mines (TSX: FVI) today announced that the Secretaría de Medio Ambiente y Recursos Naturales (“SEMARNAT”) has extended the environmental impact authorization for its San Jose mine for 12 years in Mexico.

In a statement, Fortuna said it has appealed the decision of the authority that denied the EIA’s request to extend the San Jose mine.

Importantly, the company added that after continued dialogue and technical assessment, SEMARNAT has confirmed that operations at the San José mine are being conducted in accordance with all environmental obligations under the EIA.

Fortuna Silver shares were up 18.18% this afternoon.

Fortuna Silver Mines is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and a fifth mine under construction in Côte d’Ivoire.