Fortuna Silver Mines Key Executives
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Fortuna Silver Mines Earnings
This section highlights Fortuna Silver Mines's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-06 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-07 | $0.12 | $0.17 |
| Read Transcript | Q2 | 2024 | 2024-08-08 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-08 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-07 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-09 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-10 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-16 | N/A | N/A |
Fortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada.
$5.86
Stock Price
$1.80B
Market Cap
-
Employees
Vancouver, BC
Location
Financial Statements
Access annual & quarterly financial statements for Fortuna Silver Mines, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $1.06B | $842.43M | $681.49M | $599.85M | $278.97M |
| Cost of Revenue | $718.43M | $652.40M | $534.70M | $394.38M | $168.75M |
| Gross Profit | $343.61M | $190.03M | $146.80M | $205.48M | $110.22M |
| Gross Profit Ratio | 32.35% | 22.56% | 21.54% | 34.30% | 39.51% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $76.08M | $64.07M | $61.46M | $45.36M | $35.09M |
| Selling and Marketing Expenses | $1.70M | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $77.78M | $64.07M | $61.46M | $45.36M | $35.09M |
| Other Expenses | $37.78M | $126.36M | $1.23M | $1.67M | $888.00K |
| Operating Expenses | $115.56M | $190.43M | $62.68M | $47.03M | $35.97M |
| Cost and Expenses | $833.99M | $842.84M | $597.38M | $441.41M | $204.72M |
| Interest Income | $- | $3.35M | $1.85M | $1.85M | $1.22M |
| Interest Expense | $- | $22.15M | $13.71M | $14.04M | $2.26M |
| Depreciation and Amortization | $238.00M | $219.69M | $168.23M | $124.96M | $48.60M |
| EBITDA | $474.26M | $230.79M | $59.17M | $277.76M | $106.62M |
| EBITDA Ratio | 44.66% | 27.40% | 37.93% | 46.31% | 43.17% |
| Operating Income | $228.05M | $-407.00K | $85.69M | $136.88M | $57.24M |
| Operating Income Ratio | 21.47% | -0.05% | 12.57% | 22.82% | 20.52% |
| Total Other Income Expenses Net | $-15.84M | $-10.64M | $-11.56M | $-29.70M | $1.72M |
| Income Before Tax | $212.21M | $-11.05M | $-125.11M | $107.18M | $58.95M |
| Income Before Tax Ratio | 19.98% | -1.31% | -18.36% | 17.87% | 21.13% |
| Income Tax Expense | $70.30M | $32.58M | $10.80M | $47.78M | $37.40M |
| Net Income | $128.74M | $-50.84M | $-135.91M | $57.88M | $21.55M |
| Net Income Ratio | 12.12% | -6.03% | -19.94% | 9.65% | 7.73% |
| EPS | $0.41 | $-0.17 | $-0.47 | $0.24 | $0.13 |
| EPS Diluted | $0.41 | $-0.17 | $-0.47 | $0.23 | $0.12 |
| Weighted Average Shares Outstanding | 313.99M | 295.07M | 291.28M | 238.00M | 174.99M |
| Weighted Average Shares Outstanding Diluted | 310.75M | 295.07M | 291.28M | 249.44M | 186.07M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $302.20M | $274.92M | $262.31M | $224.03M | $272.04M | $243.06M | $158.41M | $175.65M | $164.72M | $166.57M | $167.87M | $182.33M | $198.94M | $162.57M | $120.53M | $117.82M | $103.50M | $83.44M | $44.48M | $47.54M |
| Cost of Revenue | $195.36M | $187.99M | $182.32M | $155.81M | $220.17M | $177.18M | $126.54M | $135.22M | $138.68M | $141.86M | $135.33M | $118.83M | $140.59M | $115.22M | $72.06M | $66.51M | $56.58M | $41.39M | $30.71M | $40.08M |
| Gross Profit | $106.83M | $86.93M | $79.99M | $68.22M | $51.87M | $65.88M | $31.87M | $40.43M | $26.04M | $24.71M | $32.54M | $63.50M | $58.35M | $47.35M | $48.47M | $51.31M | $46.93M | $42.05M | $13.78M | $7.46M |
| Gross Profit Ratio | 35.35% | 31.62% | 30.50% | 30.50% | 19.10% | 27.10% | 20.10% | 23.00% | 15.80% | 14.80% | 19.40% | 34.80% | 29.30% | 29.10% | 40.20% | 43.50% | 45.34% | 50.40% | 30.97% | 15.70% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $19.40M | $16.04M | $22.41M | $18.23M | $19.91M | $14.63M | $14.59M | $14.95M | $16.68M | $13.04M | $14.82M | $16.92M | $16.45M | $11.18M | $9.16M | $8.58M | $12.14M | $8.95M | $10.38M | $3.62M |
| Selling and Marketing Expenses | $1.70M | $- | $-1.15M | $-488.61K | $-2.51M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $21.10M | $16.04M | $21.26M | $17.74M | $17.40M | $14.63M | $14.59M | $14.95M | $16.68M | $13.04M | $14.82M | $16.92M | $16.45M | $11.18M | $9.16M | $8.58M | $12.14M | $8.95M | $10.38M | $3.62M |
| Other Expenses | $32.89M | $-1.76M | $2.10M | $- | $- | $-128.00K | $-7.06M | $44.00K | $242.00K | $-224.00K | $481.00K | $774.00K | $-530.00K | $-3.08M | $-1.14M | $-35.00K | $426.00K | $76.00K | $3.00K | $382.00K |
| Operating Expenses | $53.99M | $14.28M | $24.52M | $17.74M | $17.40M | $14.63M | $15.13M | $14.99M | $16.92M | $13.04M | $15.30M | $17.70M | $17.74M | $11.37M | $9.36M | $8.54M | $12.01M | $9.03M | $10.38M | $4.00M |
| Cost and Expenses | $249.35M | $202.27M | $204.56M | $173.55M | $237.57M | $191.81M | $141.67M | $150.22M | $155.60M | $154.90M | $150.63M | $136.52M | $158.33M | $126.59M | $81.41M | $75.05M | $68.58M | $50.41M | $41.09M | $44.08M |
| Interest Income | $- | $979.00K | $590.00K | $850.00K | $3.35M | $8.16M | $3.46M | $2.64M | $1.85M | $2.44M | $- | $- | $860.00K | $171.00K | $278.00K | $537.00K | $935.00K | $30.00K | $41.00K | $211.00K |
| Interest Expense | $- | $7.26M | $6.30M | $6.89M | $7.90M | $8.16M | $3.46M | $2.64M | $4.77M | $2.44M | $3.73M | $2.78M | $4.51M | $4.14M | $2.43M | $2.97M | $982.00K | $323.00K | $301.00K | $505.00K |
| Depreciation and Amortization | $74.66M | $59.87M | $57.25M | $51.08M | $71.33M | $65.14M | $42.25M | $45.59M | $45.25M | $45.43M | $44.33M | $40.10M | $45.74M | $38.65M | $22.11M | $20.12M | $13.79M | $11.04M | $8.42M | $12.16M |
| EBITDA | $136.97M | $136.66M | $114.58M | $100.44M | $6.50M | $108.16M | $48.52M | $69.67M | $-126.49M | $48.07M | $61.97M | $75.96M | $79.31M | $70.83M | $59.77M | $61.30M | $42.65M | $39.43M | $9.27M | $15.27M |
| EBITDA Ratio | 45.32% | 49.71% | 43.68% | 45.34% | 38.89% | 47.34% | 31.31% | 39.67% | 34.43% | 35.01% | 35.25% | 46.24% | 43.07% | 43.57% | 49.59% | 53.04% | 47.15% | 52.69% | 27.72% | 31.99% |
| Operating Income | $52.85M | $72.65M | $55.41M | $50.48M | $34.47M | $45.38M | $7.72M | $23.87M | $12.21M | $11.45M | $13.15M | $40.71M | $38.87M | $21.77M | $35.87M | $40.37M | $28.20M | $28.49M | $-1.29M | $1.84M |
| Operating Income Ratio | 17.49% | 26.43% | 21.13% | 22.53% | 12.67% | 18.67% | 4.88% | 13.59% | 7.41% | 6.87% | 7.83% | 22.33% | 19.54% | 13.39% | 29.76% | 34.27% | 27.24% | 34.15% | -2.90% | 3.87% |
| Total Other Income Expenses Net | $-4.77M | $-3.12M | $-4.38M | $-6.92M | $4.56M | $-7.92M | $-3.21M | $-4.07M | $-2.66M | $-4.07M | $2.13M | $-6.96M | $-8.69M | $-12.69M | $-7.64M | $-688.00K | $-463.00K | $-420.00K | $1.84M | $761.00K |
| Income Before Tax | $48.08M | $69.53M | $51.03M | $43.37M | $-74.83M | $37.46M | $4.51M | $19.80M | $-175.76M | $1.63M | $15.27M | $33.76M | $30.18M | $9.09M | $28.23M | $39.68M | $27.74M | $28.07M | $549.00K | $2.60M |
| Income Before Tax Ratio | 15.91% | 25.29% | 19.45% | 19.36% | -27.51% | 15.41% | 2.85% | 11.27% | -106.70% | 0.98% | 9.10% | 18.51% | 15.17% | 5.59% | 23.42% | 33.68% | 26.80% | 33.64% | 1.23% | 5.47% |
| Income Tax Expense | $33.00M | $15.12M | $7.69M | $14.43M | $17.49M | $6.58M | $1.04M | $7.94M | $-15.33M | $5.75M | $13.59M | $6.78M | $13.58M | $8.87M | $12.05M | $13.28M | $9.12M | $14.98M | $6.20M | $7.10M |
| Net Income | $11.34M | $50.51M | $40.63M | $26.25M | $-94.87M | $27.47M | $3.14M | $10.88M | $-160.43M | $-4.13M | $1.68M | $26.07M | $15.75M | $-453.00K | $16.18M | $26.40M | $18.62M | $13.09M | $-5.66M | $-4.50M |
| Net Income Ratio | 3.75% | 18.37% | 15.49% | 11.72% | -34.87% | 11.30% | 1.98% | 6.19% | -97.40% | -2.48% | 1.00% | 14.30% | 7.92% | -0.28% | 13.43% | 22.41% | 17.99% | 15.69% | -12.71% | -9.46% |
| EPS | $0.03 | $0.16 | $0.13 | $0.09 | $-0.31 | $0.09 | $0.01 | $0.04 | $-0.55 | $-0.01 | $0.01 | $0.09 | $0.06 | $0.00 | $0.09 | $0.14 | $0.10 | $0.07 | $-0.03 | $-0.03 |
| EPS Diluted | $0.04 | $0.16 | $0.13 | $0.08 | $-0.31 | $0.09 | $0.01 | $0.04 | $-0.55 | $-0.01 | $0.01 | $0.09 | $0.06 | $0.00 | $0.08 | $0.14 | $0.10 | $0.07 | $-0.03 | $-0.03 |
| Weighted Average Shares Outstanding | 371.62M | 315.69M | 306.00M | 306.47M | 306.59M | 292.60M | 290.76M | 290.24M | 290.22M | 291.43M | 291.94M | 291.59M | 289.12M | 289.12M | 185.28M | 184.33M | 184.04M | 184.04M | 171.22M | 160.37M |
| Weighted Average Shares Outstanding Diluted | 312.45M | 314.68M | 316.94M | 308.20M | 306.59M | 294.88M | 293.11M | 292.35M | 290.22M | 291.43M | 295.21M | 294.55M | 289.12M | 289.12M | 196.09M | 195.15M | 184.04M | 195.89M | 171.22M | 160.37M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $231.33M | $128.15M | $80.49M | $107.10M | $131.90M |
| Short Term Investments | $- | $- | $78.00K | $416.00K | $1.06M |
| Cash and Short Term Investments | $231.33M | $128.15M | $80.57M | $107.51M | $132.96M |
| Net Receivables | $26.70M | $74.64M | $23.98M | $25.72M | $76.56M |
| Inventory | $134.50M | $115.83M | $92.03M | $85.82M | $35.27M |
| Other Current Assets | $93.72M | $14.71M | $56.21M | $62.03M | $3.28M |
| Total Current Assets | $486.24M | $333.32M | $252.71M | $281.08M | $248.07M |
| Property Plant Equipment Net | $1.54B | $1.57B | $1.57B | $1.71B | $791.13M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $-2.18M | $- |
| Long Term Investments | $- | $905.34K | $3.97M | $2.18M | $14.30M |
| Tax Assets | $- | $- | $- | $22.00K | $- |
| Other Non-Current Assets | $90.10M | $59.42M | $51.92M | $28.46M | $1.84M |
| Total Non-Current Assets | $1.63B | $1.63B | $1.62B | $1.74B | $807.27M |
| Other Assets | $- | $- | $1.00K | $- | $- |
| Total Assets | $2.12B | $1.97B | $1.88B | $2.02B | $1.06B |
| Account Payables | $91.18M | $100.39M | $72.57M | $82.53M | $31.57M |
| Short Term Debt | $19.76M | $58.84M | $9.42M | $10.52M | $8.06M |
| Tax Payables | $- | $31.62M | $11.59M | $20.56M | $24.33M |
| Deferred Revenue | $- | $- | $- | $70.64M | $58.59M |
| Other Current Liabilities | $145.09M | $52.92M | $41.50M | $53.15M | $32.48M |
| Total Current Liabilities | $256.03M | $243.77M | $135.08M | $166.77M | $96.44M |
| Long Term Debt | $174.25M | $205.41M | $231.10M | $176.37M | $171.13M |
| Deferred Revenue Non-Current | $- | $- | $- | $54.23M | $42.23M |
| Deferred Tax Liabilities Non-Current | $- | $159.85M | $167.62M | $191.67M | $19.50M |
| Other Non-Current Liabilities | $219.18M | $70.71M | $53.72M | $194.98M | $259.00K |
| Total Non-Current Liabilities | $393.43M | $435.97M | $452.45M | $425.58M | $233.13M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $649.46M | $679.74M | $587.53M | $592.35M | $329.57M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $1.13B | $1.13B | $1.08B | $1.08B | $492.31M |
| Retained Earnings | $216.38M | $87.65M | $138.49M | $266.62M | $208.74M |
| Accumulated Other Comprehensive Income Loss | $57.77M | $25.21M | $29.93M | $28.79M | $24.72M |
| Other Total Stockholders Equity | $1 | $129.66K | $- | $- | $- |
| Total Stockholders Equity | $1.40B | $1.24B | $1.24B | $1.38B | $725.77M |
| Total Equity | $1.47B | $1.29B | $1.29B | $1.43B | $725.77M |
| Total Liabilities and Stockholders Equity | $2.12B | $1.97B | $1.88B | $2.02B | $1.06B |
| Minority Interest | $62.21M | $49.50M | $43.94M | $54.42M | $- |
| Total Liabilities and Total Equity | $2.12B | $1.97B | $1.88B | $2.02B | $1.06B |
| Total Investments | $- | $905.34K | $78.00K | $416.00K | $1.06M |
| Total Debt | $194.01M | $264.25M | $240.52M | $186.89M | $178.11M |
| Net Debt | $-37.32M | $136.10M | $160.03M | $79.80M | $46.22M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $231.33M | $180.55M | $105.60M | $87.63M | $127.49M | $117.78M | $93.42M | $84.73M | $80.49M | $90.91M | $116.13M | $110.36M | $107.10M | $135.76M | $121.79M | $145.68M | $131.90M | $85.18M | $76.69M | $88.54M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $78.00K | $77.00K | $245.00K | $337.00K | $416.00K | $496.00K | $994.00K | $861.00K | $1.06M | $1.16M | $- | $- |
| Cash and Short Term Investments | $231.33M | $180.55M | $105.60M | $87.63M | $127.49M | $117.78M | $93.42M | $84.73M | $80.57M | $90.99M | $116.37M | $110.70M | $107.51M | $136.26M | $122.79M | $146.54M | $132.96M | $86.33M | $76.69M | $88.54M |
| Net Receivables | $26.70M | $33.53M | $18.77M | $23.17M | $19.97M | $22.11M | $17.97M | $79.39M | $23.98M | $20.66M | $19.00M | $33.34M | $25.72M | $21.44M | $72.72M | $77.97M | $26.31M | $37.33M | $37.52M | $33.12M |
| Inventory | $134.50M | $125.18M | $130.57M | $124.95M | $115.23M | $132.73M | $105.07M | $89.87M | $92.03M | $82.73M | $86.20M | $91.28M | $85.82M | $71.33M | $52.62M | $50.41M | $35.27M | $12.68M | $13.32M | $14.90M |
| Other Current Assets | $93.72M | $19.49M | $129.13M | $76.06M | $69.38M | $57.63M | $58.55M | $10.85M | $56.21M | $57.47M | $66.19M | $66.13M | $62.03M | $59.75M | $7.47M | $5.68M | $53.53M | $3.54M | $4.97M | $5.50M |
| Total Current Assets | $486.24M | $430.46M | $384.06M | $311.70M | $331.62M | $330.25M | $275.01M | $264.78M | $252.71M | $251.85M | $287.75M | $301.46M | $281.08M | $288.79M | $255.60M | $280.60M | $248.07M | $139.88M | $132.50M | $142.06M |
| Property Plant Equipment Net | $1.54B | $1.56B | $1.56B | $1.57B | $1.57B | $1.66B | $1.65B | $1.63B | $1.57B | $1.73B | $1.73B | $1.72B | $1.71B | $1.66B | $772.40M | $779.41M | $791.13M | $801.10M | $776.94M | $763.87M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-2.18M | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $909.06K | $905.34K | $905.64K | $905.42K | $3.97M | $3.97M | $3.44M | $3.47M | $2.55M | $2.18M | $2.49M | $535.00K | $331.00K | $- | $- | $938.00K | $961.00K |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $22.00K | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $90.10M | $93.37M | $80.95M | $67.31M | $59.11M | $54.57M | $62.23M | $49.35M | $51.92M | $46.86M | $40.23M | $37.12M | $28.46M | $48.36M | $54.66M | $8.73M | $16.14M | $46.84M | $49.02M | $50.86M |
| Total Non-Current Assets | $1.63B | $1.65B | $1.64B | $1.63B | $1.63B | $1.72B | $1.72B | $1.68B | $1.62B | $1.78B | $1.77B | $1.76B | $1.74B | $1.71B | $827.60M | $788.48M | $807.27M | $847.94M | $826.89M | $815.69M |
| Other Assets | $- | $- | $-56.33K | $- | $- | $- | $- | $- | $1.00K | $- | $- | $- | $- | $1.00K | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.12B | $2.08B | $2.02B | $1.95B | $1.96B | $2.05B | $1.99B | $1.95B | $1.88B | $2.03B | $2.06B | $2.06B | $2.02B | $2.00B | $1.08B | $1.07B | $1.06B | $987.82M | $959.39M | $957.74M |
| Account Payables | $91.18M | $92.75M | $97.15M | $102.87M | $100.39M | $78.34M | $74.28M | $75.50M | $72.57M | $71.53M | $67.49M | $72.90M | $82.53M | $84.63M | $30.24M | $27.49M | $31.57M | $25.99M | $11.91M | $12.89M |
| Short Term Debt | $19.76M | $18.05M | $59.39M | $58.63M | $58.84M | $12.80M | $15.60M | $13.27M | $9.42M | $10.30M | $10.28M | $10.33M | $10.52M | $11.46M | $125.34M | $126.95M | $8.06M | $9.15M | $9.68M | $40.16M |
| Tax Payables | $- | $52.27M | $43.65M | $41.49M | $31.62M | $18.87M | $9.39M | $8.01M | $11.59M | $12.88M | $16.51M | $13.78M | $20.56M | $20.43M | $18.56M | $17.81M | $24.33M | $16.23M | $6.78M | $7.32M |
| Deferred Revenue | $- | $- | $-37.22K | $41.49M | $31.62M | $- | $48.69M | $- | $- | $- | $- | $- | $70.64M | $59.84M | $45.42M | $46.80M | $58.59M | $45.70M | $28.77M | $30.34M |
| Other Current Liabilities | $145.09M | $58.97M | $53.53M | $43.02M | $52.92M | $45.82M | $39.39M | $42.40M | $41.50M | $36.04M | $32.94M | $48.55M | $53.15M | $183.37M | $29.78M | $34.55M | $32.48M | $29.47M | $38.87M | $44.09M |
| Total Current Liabilities | $256.03M | $222.04M | $253.73M | $246.00M | $242.52M | $155.84M | $138.66M | $139.17M | $135.08M | $130.75M | $127.23M | $145.56M | $166.77M | $299.89M | $203.92M | $206.80M | $96.44M | $80.84M | $67.23M | $104.46M |
| Long Term Debt | $174.25M | $170.83M | $164.73M | $162.75M | $205.41M | $286.92M | $323.23M | $282.73M | $231.10M | $217.95M | $233.69M | $215.11M | $176.37M | $64.68M | $51.40M | $51.57M | $171.13M | $146.19M | $145.31M | $170.69M |
| Deferred Revenue Non-Current | $- | $- | $- | $39.56M | $42.24M | $52.54M | $55.56M | $- | $- | $- | $- | $- | $54.23M | $41.33M | $37.13M | $36.49M | $42.23M | $28.95M | $29.84M | $29.27M |
| Deferred Tax Liabilities Non-Current | $- | $146.99M | $- | $157.74M | $159.04M | $167.58M | $165.90M | $166.58M | $167.62M | $190.89M | $191.25M | $186.49M | $191.67M | $181.03M | $18.66M | $18.80M | $19.50M | $23.69M | $24.25M | $22.07M |
| Other Non-Current Liabilities | $219.18M | $64.85M | $216.09M | $224.55M | $230.57M | $170.33M | $168.58M | $223.94M | $53.72M | $53.16M | $246.93M | $57.08M | $194.98M | $182.41M | $1.59M | $21.32M | $259.00K | $1.39M | $737.00K | $389.00K |
| Total Non-Current Liabilities | $393.43M | $382.67M | $380.82M | $387.31M | $433.74M | $509.79M | $547.36M | $506.67M | $452.45M | $462.00M | $480.61M | $458.68M | $425.58M | $288.42M | $108.78M | $109.38M | $233.13M | $200.22M | $200.15M | $222.42M |
| Other Liabilities | $- | $- | $93.07K | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $649.46M | $604.71M | $634.63M | $633.31M | $676.26M | $665.63M | $686.02M | $645.84M | $587.53M | $592.75M | $607.84M | $604.24M | $592.35M | $588.32M | $312.70M | $316.18M | $329.57M | $281.06M | $267.38M | $326.88M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.13B | $1.16B | $1.12B | $1.12B | $1.12B | $1.12B | $1.08B | $1.08B | $1.08B | $1.08B | $1.08B | $1.08B | $1.08B | $1.08B | $496.94M | $496.25M | $492.31M | $492.31M | $491.10M | $424.18M |
| Retained Earnings | $216.38M | $205.04M | $154.51M | $113.78M | $87.20M | $179.97M | $152.50M | $149.36M | $138.49M | $291.26M | $295.01M | $292.68M | $266.62M | $250.87M | $251.32M | $235.14M | $208.74M | $190.12M | $177.03M | $182.69M |
| Accumulated Other Comprehensive Income Loss | $57.77M | $18.03M | $55.61M | $24.40M | $25.21M | $28.82M | $28.47M | $29.08M | $29.93M | $20.68M | $23.20M | $27.02M | $28.79M | $30.25M | $22.23M | $21.51M | $24.72M | $24.33M | $23.88M | $23.99M |
| Other Total Stockholders Equity | $1 | $37.05M | $1 | $- | $-129.66K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Stockholders Equity | $1.40B | $1.42B | $1.33B | $1.26B | $1.23B | $1.33B | $1.26B | $1.26B | $1.24B | $1.39B | $1.40B | $1.40B | $1.38B | $1.36B | $770.50M | $752.90M | $725.77M | $706.76M | $692.01M | $630.86M |
| Total Equity | $1.47B | $1.48B | $1.39B | $1.31B | $1.28B | $1.38B | $1.31B | $1.30B | $1.29B | $1.44B | $1.45B | $1.46B | $1.43B | $1.41B | $770.50M | $752.90M | $725.77M | $706.76M | $692.01M | $630.86M |
| Total Liabilities and Stockholders Equity | $2.12B | $2.08B | $2.02B | $1.95B | $1.96B | $2.05B | $1.99B | $1.95B | $1.88B | $2.03B | $2.06B | $2.06B | $2.02B | $2.00B | $1.08B | $1.07B | $1.06B | $987.82M | $959.39M | $957.74M |
| Minority Interest | $62.21M | $58.47M | $55.27M | $52.52M | $49.50M | $47.36M | $45.25M | $44.92M | $43.94M | $51.60M | $54.68M | $55.33M | $54.42M | $53.46M | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.12B | $2.08B | $2.02B | $1.95B | $1.96B | $2.05B | $1.99B | $1.95B | $1.88B | $2.03B | $2.06B | $2.06B | $2.02B | $2.00B | $1.08B | $1.07B | $1.06B | $987.82M | $959.39M | $957.74M |
| Total Investments | $- | $- | $-46.11M | $909.06K | $905.34K | $905.64K | $905.42K | $3.97M | $78.00K | $77.00K | $245.00K | $337.00K | $416.00K | $496.00K | $994.00K | $861.00K | $1.06M | $1.16M | $938.00K | $961.00K |
| Total Debt | $194.01M | $188.88M | $224.12M | $221.16M | $262.90M | $299.72M | $338.83M | $296.00M | $240.52M | $228.25M | $243.97M | $225.44M | $186.89M | $219.15M | $176.14M | $177.67M | $178.11M | $154.00M | $153.40M | $209.13M |
| Net Debt | $-37.32M | $8.33M | $118.52M | $133.52M | $135.40M | $181.94M | $245.40M | $211.26M | $160.03M | $137.34M | $127.84M | $115.08M | $79.80M | $83.38M | $54.35M | $31.99M | $46.22M | $68.82M | $76.72M | $120.59M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $128.74M | $-51.77M | $-135.91M | $59.40M | $21.55M |
| Depreciation and Amortization | $253.50M | $226.76M | $172.81M | $67.08M | $30.19M |
| Deferred Income Tax | $- | $-10.24M | $10.80M | $47.78M | $37.40M |
| Stock Based Compensation | $11.69M | $2.02M | $-1.00K | $-3.08M | $12.28M |
| Change in Working Capital | $-68.17M | $-9.92M | $-18.02M | $-39.31M | $-9.12M |
| Accounts Receivables | $-46.37M | $-17.42M | $7.03M | $-16.75M | $10.26M |
| Inventory | $-24.45M | $-21.41M | $-20.41M | $-23.82M | $-25.66M |
| Accounts Payables | $- | $32.22M | $-3.15M | $3.52M | $6.12M |
| Other Working Capital | $2.65M | $-3.30M | $-1.48M | $-2.27M | $161.00K |
| Other Non Cash Items | $39.93M | $145.50M | $164.57M | $15.27M | $1.07M |
| Net Cash Provided by Operating Activities | $365.68M | $302.35M | $194.25M | $147.14M | $93.39M |
| Investments in Property Plant and Equipment | $-203.78M | $-217.31M | $-251.24M | $-152.29M | $-114.33M |
| Acquisitions Net | $- | $-13.57M | $- | $40.29M | $-9.43M |
| Purchases of Investments | $- | $-9.53M | $-1.84M | $- | $-7.27M |
| Sales Maturities of Investments | $- | $21.75M | $- | $14.00K | $10.57M |
| Other Investing Activities | $9.34M | $-2.21M | $-2.26M | $-6.51M | $6.80M |
| Net Cash Used for Investing Activities | $-194.44M | $-220.86M | $-255.33M | $-118.50M | $-113.65M |
| Debt Repayment | $-22.84M | $-31.62M | $47.79M | $-44.22M | $2.25M |
| Common Stock Issued | $- | $306.52K | $- | $313.00K | $70.01M |
| Common Stock Repurchased | $-34.13M | $- | $-5.93M | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-9.17M | $-1.40M | $-3.40M | $-7.52M | $-3.36M |
| Net Cash Used Provided by Financing Activities | $-66.14M | $-32.72M | $38.47M | $-51.42M | $68.91M |
| Effect of Forex Changes on Cash | $-1.92M | $346.00K | $-3.99M | $-2.02M | $-148.00K |
| Net Change in Cash | $103.18M | $47.66M | $-26.60M | $-24.80M | $48.49M |
| Cash at End of Period | $231.33M | $128.15M | $80.49M | $107.10M | $131.90M |
| Cash at Beginning of Period | $128.15M | $80.49M | $107.10M | $131.90M | $83.40M |
| Operating Cash Flow | $365.68M | $296.91M | $194.25M | $147.14M | $93.39M |
| Capital Expenditure | $-203.78M | $-217.31M | $-251.24M | $-152.29M | $-114.33M |
| Free Cash Flow | $161.90M | $79.59M | $-56.99M | $-5.15M | $-20.94M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $11.34M | $54.42M | $43.34M | $26.13M | $-94.87M | $30.88M | $3.47M | $11.86M | $-160.43M | $-4.13M | $1.68M | $26.98M | $16.60M | $211.00K | $16.18M | $26.40M | $18.62M | $13.09M | $-5.66M | $-4.50M |
| Depreciation and Amortization | $79.56M | $- | $- | $51.08M | $71.33M | $65.14M | $42.25M | $45.59M | $44.50M | $46.86M | $42.94M | $38.51M | $33.08M | $25.86M | $8.26M | $880.00K | $15.09M | $7.83M | $5.02M | $1.80M |
| Deferred Income Tax | $- | $15.12M | $7.69M | $-1.84M | $-10.22M | $6.58M | $1.04M | $7.94M | $-15.33M | $5.75M | $13.59M | $6.78M | $13.58M | $8.87M | $12.05M | $13.28M | $9.12M | $14.98M | $6.20M | $7.10M |
| Stock Based Compensation | $1.60M | $1.77M | $- | $2.18M | $8.65M | $534.00K | $1.12M | $-303.00K | $2.96M | $-1.14M | $-1.08M | $-740.00K | $2.29M | $-175.00K | $-734.00K | $-4.46M | $4.61M | $3.50M | $5.70M | $-1.53M |
| Change in Working Capital | $875.00K | $-28.62M | $-19.41M | $-35.17M | $880.93K | $249.00K | $2.66M | $-10.77M | $93.00K | $11.58M | $-1.61M | $-27.91M | $-15.36M | $727.00K | $-8.31M | $-17.37M | $-16.46M | $5.71M | $-8.11M | $9.56M |
| Accounts Receivables | $-5.30M | $-24.46M | $-9.29M | $-7.26M | $-15.29M | $1.59M | $5.84M | $-9.42M | $-2.01M | $5.68M | $13.54M | $-10.44M | $-8.30M | $7.82M | $154.29K | $-16.23M | $-434.00K | $-1.85M | $-3.45M | $14.69M |
| Inventory | $-85.00K | $-1.02M | $-13.51M | $-9.76M | $409.05K | $-6.43M | $-11.38M | $-3.66M | $-6.76M | $-2.74M | $-1.56M | $-9.36M | $-5.63M | $-8.00M | $-7.06M | $-3.13M | $-27.05M | $538.00K | $908.00K | $-58.00K |
| Accounts Payables | $- | $- | $2.90M | $-17.29M | $20.64M | $6.27M | $3.81M | $1.32M | $9.88M | $9.86M | $-15.17M | $-9.41M | $-4.00M | $2.65M | $-119.12K | $4.97M | $- | $6.26M | $-6.04M | $-5.05M |
| Other Working Capital | $6.26M | $-3.14M | $492.46K | $-860.14K | $-4.88M | $-1.18M | $4.39M | $998.62K | $-1.02M | $-1.23M | $1.58M | $-18.55M | $-9.73M | $-1.74M | $-1.25M | $-2.98M | $10.59M | $768.00K | $471.00K | $-23.00K |
| Other Non Cash Items | $56.94M | $50.20M | $41.72M | $145.00M | $277.18M | $3.08M | $-6.31M | $-12.56M | $177.83M | $5.72M | $-8.09M | $-10.37M | $6.88M | $3.88M | $2.11M | $2.41M | $287.00K | $344.00K | $281.00K | $781.00K |
| Net Cash Provided by Operating Activities | $150.32M | $92.88M | $73.35M | $48.73M | $107.41M | $106.46M | $44.23M | $41.76M | $49.62M | $64.65M | $47.43M | $33.24M | $57.07M | $39.38M | $29.55M | $21.14M | $31.27M | $45.46M | $3.44M | $13.22M |
| Investments in Property Plant and Equipment | $-61.92M | $-50.13M | $-50.39M | $-41.16M | $-53.15M | $-37.05M | $-67.48M | $-61.55M | $-73.33M | $-58.94M | $-53.99M | $-64.99M | $-62.06M | $-53.01M | $-19.70M | $-16.72M | $-900.00K | $-35.82M | $-23.38M | $-44.55M |
| Acquisitions Net | $- | $- | $- | $- | $-13.57M | $1.52M | $-4.59M | $- | $- | $-8.27K | $36 | $9.11K | $-11.16K | $40.29M | $-4.96M | $-7.20M | $-2.08M | $- | $-2.82M | $-2.25M |
| Purchases of Investments | $- | $-9.16M | $-8.80M | $-7.58M | $-9.53M | $- | $- | $- | $-498.86K | $-1.31M | $- | $- | $- | $- | $- | $- | $-10.57M | $- | $-3.28M | $-3.98M |
| Sales Maturities of Investments | $- | $12.32M | $11.30M | $10.22M | $22.15M | $- | $- | $- | $- | $45.70K | $- | $- | $-8 | $14.00K | $- | $- | $10.57M | $- | $5.47M | $5.10M |
| Other Investing Activities | $1.63M | $-605.00K | $817.00K | $-806.38K | $1.81M | $1.85M | $-1.17M | $1.96M | $1.01M | $1.27M | $-4.10M | $-493.00K | $10.80M | $795.00K | $-30.99M | $12.08M | $-4.26M | $-606.00K | $290.00K | $-566.00K |
| Net Cash Used for Investing Activities | $-60.29M | $-47.57M | $-47.08M | $-39.33M | $-52.28M | $-33.68M | $-73.24M | $-59.59M | $-72.82M | $-58.94M | $-58.09M | $-65.48M | $-51.27M | $-11.91M | $-50.69M | $-4.63M | $-7.25M | $-36.43M | $-23.73M | $-46.25M |
| Debt Repayment | $-5.89M | $-13.89M | $41.88M | $-44.93M | $-41.19M | $-45.82M | $37.67M | $22.00M | $12.01M | $-18.02M | $17.03M | $36.77M | $-31.63M | $-7.75M | $- | $- | $22.49M | $-1.10M | $-57.40M | $38.26M |
| Common Stock Issued | $- | $- | $- | $- | $306.52K | $- | $- | $- | $- | $- | $- | $- | $155.00K | $- | $202.00K | $- | $- | $1.01M | $69.00M | $- |
| Common Stock Repurchased | $-30.59M | $- | $-25.80K | $-3.54M | $- | $- | $- | $- | $-82.42K | $-2.92M | $-3.01M | $- | $- | $-44.00K | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-1.97M | $44.14M | $-51.34M | $216.51K | $-4.88M | $-1.30M | $- | $- | $-688.00K | $-2.71M | $- | $- | $-3.04M | $-4.37M | $-2.40M | $-2.44M | $-2.00K | $-233.00K | $-3.12M | $- |
| Net Cash Used Provided by Financing Activities | $-38.46M | $30.25M | $-9.46M | $-48.25M | $-46.07M | $-47.12M | $37.67M | $22.00M | $11.32M | $-23.65M | $14.03M | $36.77M | $-34.51M | $-12.28M | $-2.20M | $-2.44M | $22.49M | $-325.00K | $8.48M | $38.26M |
| Effect of Forex Changes on Cash | $-793.00K | $-603.00K | $877.00K | $-1.40M | $1.55M | $-1.31M | $36.00K | $66.00K | $1.46M | $-7.28M | $2.39M | $-1.26M | $34.00K | $-1.22M | $-551.00K | $-285.00K | $217.00K | $-217.00K | $-49.00K | $-97.00K |
| Net Change in Cash | $50.78M | $74.95M | $64.07M | $-39.86M | $10.28M | $24.36M | $8.69M | $4.24M | $-10.42M | $-25.21M | $5.76M | $3.27M | $-28.67M | $13.97M | $-23.89M | $13.78M | $46.72M | $8.49M | $-11.86M | $5.14M |
| Cash at End of Period | $231.33M | $180.55M | $151.70M | $87.63M | $127.49M | $117.78M | $93.42M | $84.73M | $80.49M | $90.91M | $116.13M | $110.36M | $107.10M | $135.76M | $121.79M | $145.68M | $131.90M | $85.18M | $76.69M | $88.54M |
| Cash at Beginning of Period | $180.55M | $105.60M | $87.63M | $127.49M | $117.22M | $93.42M | $84.73M | $80.49M | $90.91M | $116.13M | $110.36M | $107.10M | $135.76M | $121.79M | $145.68M | $131.90M | $85.18M | $76.69M | $88.54M | $83.40M |
| Operating Cash Flow | $150.32M | $92.88M | $73.35M | $48.73M | $107.41M | $106.46M | $44.23M | $41.76M | $49.62M | $64.65M | $47.43M | $33.24M | $57.07M | $39.38M | $29.55M | $21.14M | $31.27M | $45.46M | $3.44M | $13.22M |
| Capital Expenditure | $-61.92M | $-50.13M | $-50.33M | $-41.16M | $-53.15M | $-37.05M | $-67.48M | $-61.55M | $-73.33M | $-58.94M | $-53.99M | $-64.99M | $-62.06M | $-53.01M | $-19.70M | $-16.72M | $-900.00K | $-35.82M | $-23.38M | $-44.55M |
| Free Cash Flow | $88.40M | $42.75M | $23.02M | $7.57M | $54.26M | $69.42M | $-23.25M | $-19.79M | $-23.71M | $5.72M | $-6.55M | $-31.75M | $-4.99M | $-13.63M | $9.85M | $4.42M | $30.37M | $9.64M | $-19.95M | $-31.33M |
Fortuna Silver Mines Dividends
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Fortuna Silver Mines News
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Fortuna reports updated Mineral Reserves and Mineral Resources
VANCOUVER, British Columbia, March 12, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) provides its updated Mineral Reserve and Mineral Resource estimates as of December 31, 2024, for its four operating mines in West Africa and the Americas as well as the Arizaro Project located at the Lindero Mine in Salta, Argentina, the Diamba Sud Gold Project in Senegal and the San Jose Mine in Mexico. All references to dollar amounts in this news release are expressed in US dollars. Gold equivalent ounces referred to in this news release are calculated using metal prices of $1,880/oz for Au, $23/oz for Ag, $2,000/t for Pb, and $2,700/t for Zn.
Fortuna Mining Corp. (FSM) Q4 2024 Earnings Call Transcript
Fortuna Mining Corp. (NYSE:FSM ) Q4 2024 Earnings Conference Call March 6, 2025 12:00 PM ET Company Participants Carlos Baca - VP, IR Jorge Alberto Ganoza - President and CEO Luis D. Ganoza - CFO David Whittle - COO, West Africa Cesar Velasco - COO; Latin America Conference Call Participants Operator Greetings.
Fortuna Reports Results for the Fourth Quarter and Full Year 2024
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, March 05, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp . (NYSE: FSM | TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the fourth quarter and full year of 2024.
Fortuna reports a fatal accident at its Séguéla Mine, Côte d'Ivoire
VANCOUVER, British Columbia, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) regrets to report that a fatal accident occurred yesterday at the Séguéla Mine. The tragic incident took place while an employee of Mapa Protection Incendie (MPI), a specialized service provider to the mine contractor Mota Engil, was conducting a planned refilling of fire extinguishers. The accident took place at the contractor's light vehicle maintenance workshop where an explosion took place while handling a fire extinguisher. The MPI employee was immediately aided by the mine's emergency and rescue team and evacuated to the Séguéla City Hospital where he unfortunately passed away from sustained injuries. No other people were injured in the incident. The appropriate government and local authorities have been notified, senior corporate leadership of the Company is mobilizing to site, and an investigation to determine the cause of the accident is underway.
Fortuna to release fourth quarter and full year 2024 financial results on March 5, 2025; Conference call at 12 p.m. Eastern time on March 6, 202
VANCOUVER, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its financial statements and MD&A for the fourth quarter and full year 2024 on Wednesday, March 5, 2025, after the market closes.
Fortuna reports record production of 455,958 Au Eq ounces for 2024 and provides 2025 outlook.
VANCOUVER, British Columbia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) reports production results for the fourth quarter and full year 2024 from its five operating mines in Latin America and West Africa. For the full year 2024, Fortuna produced a record 369,637 ounces of gold and 3,724,945 ounces of silver for a record 455,958 gold equivalent ounces1, including lead and zinc by-products. All references to dollar amounts in this news release are expressed in US dollars.
Fortuna announces sale of non-core San Jose Mine, Mexico
VANCOUVER, British Columbia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce it has entered into a binding letter agreement (the “Letter Agreement”) to sell (the “Transaction”) its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. (“Cuzcatlan”) to Minas del Balsas S.A. de C.V. (“MDB”), a private Mexican company. Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. Following the sale, Fortuna will cease to have any interest in the San Jose Mine, other than the net smelter return royalty described below. The San Jose Mine was scheduled to initiate a progressive closure process starting in early 2025.
Bullish Gold Boosts Fortuna Mining Outlook, Shares Trade Low
Fortuna Mining Corp. receives a “Buy” rating. Its primary commodity, gold, is seeing per-ounce prices rise driven by interest rate cuts from the U.S. Federal Reserve and robust safe-haven demand. The company's profitability is expected to improve, supported by bullish gold prices above all else, consistent production, operational efficiencies, and disciplined capital allocation to assets development. Fortuna improves its financial position: increased liquidity and less dependence on expensive loans. The financial position supports the company in its goal of drawing significant growth potential from ongoing projects.
Fortuna extends Kingfisher deposit with drill intersect of 4.1 g/t Au over 15.3 meters at the Séguéla Mine, Côte d'Ivoire
VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration program at the Séguéla Mine in Côte d'Ivoire.
Fortuna updates Mineral Reserves and Mineral Resources for the Séguéla Mine, Côte d'Ivoire
VANCOUVER, British Columbia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce updated Mineral Reserves and Mineral Resources at its Séguéla Mine with the discovery of over 500,000 gold ounces of new Inferred Resources.
Fortuna reports progress on its share buyback program
VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report that during the fourth quarter as of Friday, November 29, 2024, it has repurchased under the Company's normal course issuer bid (NCIB) an aggregate of 6,402,640 common shares on the open market of the New York Stock Exchange. Shares were repurchased at a weighted-average price of $4.77 per common share for a total gross amount of $30,529,066, excluding brokerage fees; these shares will be cancelled. To date, the Company has repurchased 41.88 percent of the 15,287,201 shares it is authorized to repurchase under the NCIB (refer to Fortuna news release dated April 30, 2024 ).
Fortuna Mining Corp. (FSM) Q3 2024 Earnings Call Transcript
Fortuna Mining Corp. (NYSE:FSM ) Q3 2024 Results Conference Call November 7, 2024 12:00 PM ET Company Participants Carlos Baca - Vice President, Investor Relations Jorge Alberto Ganoza - President and Chief Executive Officer Luis D. Ganoza - Chief Financial Officer David Whittle - Chief Operating Officer, West Africa Conference Call Participants Don DeMarco - National Bank Financial Adrian Pay - Adrian Pay Asset Management Operator Greetings.
Fortuna reports record earnings for the third quarter of 2024
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the third quarter of 2024. “In the third quarter, a focus on cost discipline and safe operations allowed Fortuna to capture the benefit of rising metal prices and achieve record attributable earnings of $50.5 million and record operating cash flow before working capital changes of $119.3 million.
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