Fortuna Silver Mines Inc., formerly Fortuna Ventures Inc., is a Canadian silver producer with operations in Latin America. It is engaged in silver mining and related activities, including exploration, extraction and processing. The company operates two underground silver mines in Latin America: the San José mine in Mexico's Oaxaca state and the Caylloma silver-lead-zinc mine in southern Peru's Arequipa department. Silver and gold production increased for the eighth consecutive year in 2014, reaching 6.6Moz of silver and 35,316oz of gold, plus base metal byproducts. Fortuna Silver Mines was incorporated in 1990 and is based in Vancouver, Canada.