Fortuna Silver Mines (FSM) News
Market Cap: $1.92B
Avg Volume: 15.83M
Industry: Silver
Sector: Basic Materials
Fortuna renews share repurchase program
VANCOUVER, British Columbia, April 30, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announced today that the Toronto Stock Exchange has approved the renewal of Fortuna's normal course issuer bid (the “NCIB”) to purchase up to five percent of its outstanding common shares.
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Fortuna Mining (FSM) Stock Declines While Market Improves: Some Information for Investors
The latest trading day saw Fortuna Mining (FSM) settling at $6.07, representing a -1.62% change from its previous close.
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Fortuna (FSM) Upgraded to Buy: Here's What You Should Know
Fortuna (FSM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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Is Fortuna Mining Corp. (FSM) Outperforming Other Basic Materials Stocks This Year?
Here is how Fortuna Mining (FSM) and Akzo Nobel NV (AKZOY) have performed compared to their sector so far this year.
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Fortuna to release first quarter 2025 financial results on May 7, 2025; Conference call at 12 p.m. Eastern time on May 8, 2025
VANCOUVER, British Columbia, April 22, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its financial statements and MD&A for the first quarter on Wednesday, May 7, 2025, after the market closes.
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FSM Divests San Jose Mine, Signs Agreement to Sell Yaramoko Mine
Fortuna Mining completes the sale of San Jose mine in Mexico and plans to exit Burkina Faso with the Yaramoko deal.
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Fortuna completes sale of non-core San Jose Mine, Mexico
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the successful completion of the sale of its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. (“Cuzcatlan”) to JRC Ingeniería y Construcción S.A.C. (“JRC”), a private Peruvian company (the “Transaction”). Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. The Transaction closed simultaneously with the execution of a definitive share purchase agreement (the “Share Purchase Agreement”).
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Fortuna Mining's Gold Equivalent Production Slips 8% Y/Y in Q1
FSM's Q1 gold equivalent ounces production decreases y/y due to the expected sale of the San Jose Mine.
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Fortuna announces sale of Yaramoko Mine, Burkina Faso
VANCOUVER, British Columbia, April 11, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) (“Fortuna” or the “Company”) is pleased to announce it has entered into a definitive share purchase agreement (the “Agreement”) to sell its interest in Roxgold Sanu SA (“Roxgold Sanu”) which owns and operates the Yaramoko Mine, together with the Company's three other wholly-owned Burkina Faso subsidiaries which hold exploration permits in country (together with Roxgold Sanu, the “Acquired Companies”) to Soleil Resources International Limited (“SRI”) (the “Transaction”). SRI is a private Mauritius company which operates three mines, holds exploration permits, and owns a drilling company all in Burkina Faso. Following the completion of the Transaction, Fortuna will cease to have any operations in Burkina Faso.
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Fortuna reports solid production of 103,459 gold equivalent ounces for the first quarter of 2025
VANCOUVER, British Columbia, April 10, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reports production results for the first quarter of 2025 from its four operating mines in West Africa and Latin America.
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Fortuna files Form 40-F, Annual Report
VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reports that the Company has filed today its fiscal 2024 annual report on Form 40-F with the U.S. Securities and Exchange Commission (“SEC”).
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Fortuna to present at Mining Forum Europe 2025 in Zürich, Switzerland
VANCOUVER, British Columbia, March 26, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce that it will be attending Mining Forum Europe, which is being held at the Park Hyatt in Zürich, Switzerland, from March 31 to April 2, 2025.
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Fortuna Mining (FSM) Increases Yet Falls Behind Market: What Investors Need to Know
Fortuna Mining (FSM) closed the most recent trading day at $6, moving +0.84% from the previous trading session.
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Why the Market Dipped But Fortuna Mining (FSM) Gained Today
In the most recent trading session, Fortuna Mining (FSM) closed at $5.42, indicating a +1.5% shift from the previous trading day.
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Fortuna intersects 7.2 g/t Au over 31.5 meters at Kingfisher, Séguéla Mine, Côte d'Ivoire
VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire.
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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.
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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.
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Fortuna Mining Earnings Miss in Q4, Revenues Increase 14% Y/Y
FSM Q4 top line reflects gains from higher gold prices, partially offset by lower gold sales volume.
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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.
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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.
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Fortuna Mining (FSM) Increases Despite Market Slip: Here's What You Need to Know
Fortuna Mining (FSM) reachead $4.46 at the closing of the latest trading day, reflecting a +0.9% change compared to its last close.
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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.
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Fortuna Mining (FSM) Outperforms Broader Market: What You Need to Know
In the closing of the recent trading day, Fortuna Mining (FSM) stood at $5.32, denoting a +0.57% change from the preceding trading day.
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Fortuna Mining (FSM) Ascends While Market Falls: Some Facts to Note
Fortuna Mining (FSM) concluded the recent trading session at $5.07, signifying a +0.4% move from its prior day's close.
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Fortuna Mining (FSM) is a Great Momentum Stock: Should You Buy?
Does Fortuna Mining (FSM) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Fortuna Mining's Gold Equivalent Production Rises 1% Y/Y in 2024
FSM expects lower production in 2025 than the prior year due to the expected sale of the San Jose Mine in the first quarter of 2025.
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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.
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Fortuna Mining (FSM) Stock Slides as Market Rises: Facts to Know Before You Trade
In the closing of the recent trading day, Fortuna Mining (FSM) stood at $4.25, denoting a -1.16% change from the preceding trading day.
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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.
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Fortuna Mining (FSM) Rises Higher Than Market: Key Facts
Fortuna Mining (FSM) closed the most recent trading day at $4.51, moving +0.67% from the previous trading session.
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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.
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Bet On These 5 Top-Ranked Stocks With Rising P/E
Tap five stocks with increasing P/E ratios for an out-of-the-box approach. These stocks are Constellation Brands, Stryve Foods, Canoo, Fortuna Mining & Qualcomm.
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5 Mining Stocks to Add Shine to Your Portfolio Before the Year Ends
Gold and silver are poised to end this year strong and gain further in 2025. We suggest adding PAAS, FNLPF, CDE, NGD and FSM for potential gains in 2025.
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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.
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Looking for a Growth Stock? 3 Reasons Why Fortuna (FSM) is a Solid Choice
Fortuna (FSM) possesses solid growth attributes, which could help it handily outperform the market.
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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.
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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 ).
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3 Reasons Why Fortuna (FSM) Is a Great Growth Stock
Fortuna (FSM) is well positioned to outperform the market, as it exhibits above-average growth in financials.
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Fortuna Mining's Q3 Earnings Beat Estimates, Rise Y/Y on High Prices
FSM's third-quarter 2024 results reflect the impacts of higher gold and silver prices.
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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.
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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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Fortuna Mining (FSM) Laps the Stock Market: Here's Why
Fortuna Mining (FSM) closed at $5.12 in the latest trading session, marking a +0.79% move from the prior day.
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Fortuna to release third quarter 2024 financial results on November 6, 2024; Conference call at 12 pm EST on November 7, 2024
VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its unaudited financial statements and MD&A for the third quarter on Wednesday, November 6, 2024, after the market closes.
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Fortuna Silver's Gold Equivalent Production Dips 14% Y/Y in Q3
FSM reports the production of 110,820 gold equivalent ounces in the third quarter of 2024.
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Fortuna Mining Assures Burkina Faso Will Not Revoke its Mining Permits
Fortuna Mining states that Yaramoko mine continues to operate per the laws of Burkina Faso and the government does not intend to withdraw its mining permits.
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Fortuna reports solid production of 110,820 gold equivalent ounces for the third quarter of 2024
VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reports production results for the third quarter of 2024 from its five operating mines in West Africa and Latin America.
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Fortuna responds to recent media reports concerning Burkina Faso
VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) today shared an update on its operations at the Yaramoko Mine in Burkina Faso.
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Fortuna Mining (FSM) Beats Stock Market Upswing: What Investors Need to Know
In the closing of the recent trading day, Fortuna Mining (FSM) stood at $4.88, denoting a +1.04% change from the preceding trading day.
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Fortuna Mining (FSM) Ascends But Remains Behind Market: Some Facts to Note
In the most recent trading session, Fortuna Mining (FSM) closed at $4.85, indicating a +1.04% shift from the previous trading day.
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Fortuna intersects 6.9 g/t Au over 33.3 meters at the Diamba Sud Project, Senegal
VANCOUVER, British Columbia, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Diamba Sud Gold Project in Senegal.
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Fortuna intersects 14.2 g/t Au over 16.8 meters at the Kingfisher prospect, Séguéla Mine, Côte d'Ivoire
VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire.
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Fortuna Mining (FSM) Q2 Earnings Miss, Revenues Surge Y/Y
Fortuna Mining's (FSM) second-quarter 2024 results reflect the impacts of higher sales volumes and gold prices.
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Fortuna Mining Corp. (FSM) Q2 2024 Earnings Call Transcript
Fortuna Mining Corp. (NYSE:FSM ) Q2 2024 Earnings Conference Call August 8, 2024 12:00 PM ET Company Participants Carlos Baca - VP, IR Jorge Alberto Ganoza - President and CEO Luis Dario Ganoza - CFO Cesar Velasco - COO, Latin America David Whittle - COO, West Africa Conference Call Participants Adrian Pay - Adrian Pay Asset Management Tony Christ - Odyssey Investments Don DeMarco - National Bank Financial Operator Greetings. Welcome to the Fortuna Mining Corp. Q2 2024 Financial and Operational Results Call.
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Fortuna reports financial results for the second quarter of 2024
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the second quarter of 2024. Second Quarter 2024 highlights Financial Attributable net income of $40.6 million or $0.13 per share, compared to a $26.3 million or $0.09 per share in Q1 2024 Adjusted attributable net income1 of $30.4 million or $0.10 per share, compared to $26.7 million or $0.09 per share in Q1 2024 Generated $93.0 million (or $0.30 per share) of cash flow from operations before working capital changes, and free cash flow from ongoing operations1 of $38.6 million, compared to $84.3 million (or $0.28 per share) and $12.1 million, respectively, in Q1 2024 The Company issued Convertible Notes (the “2024 Notes”) for gross proceeds of $172.5 million which were partially used to pay in full the outstanding $125.0 million under its revolving credit facility.
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3 Reasons Why Growth Investors Shouldn't Overlook Fortuna (FSM)
Fortuna (FSM) could produce exceptional returns because of its solid growth attributes.
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Fortuna Silver (FSM) to Report Q2 Earnings: What to Expect?
Fortuna Silver's (FSM) Q2 results are likely to reflect increased gold production and higher average realized prices for gold, silver and zinc.
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Fortuna Mining: Another Solid Quarter In Q2
Fortuna Mining reported a solid Q2 with a 25% increase in gold production, but a 22% decrease in silver production. However, with Fortuna continuing to trade at a premium despite a shorter weighted average mine life than its peers, some of this solid execution looks priced into the stock already. In this update, we'll dig into the preliminary Q2 results, recent developments, and how the stock's valuation stacks up vs. peers after its outperformance in Q2.
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Fortuna to release second quarter 2024 financial results on August 7, 2024; Conference call at 12 pm EDT on August 8, 2024
VANCOUVER, British Columbia, July 23, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its unaudited financial statements and MD&A for the second quarter on Wednesday, August 7, 2024, after the market closes.
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Is Fortuna (FSM) a Solid Growth Stock? 3 Reasons to Think "Yes"
Fortuna (FSM) possesses solid growth attributes, which could help it handily outperform the market.
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Has Fortuna Mining Corp. (FSM) Outpaced Other Basic Materials Stocks This Year?
Here is how Fortuna Silver Mines (FSM) and Kinross Gold (KGC) have performed compared to their sector so far this year.
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All You Need to Know About Fortuna (FSM) Rating Upgrade to Buy
Fortuna (FSM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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3 Overlooked Precious Metals Stocks to Quadruple Your Money by 2032
Investing in precious metals stocks can be both a rewarding and profitable experience. While these assets have historically served as a hedge against inflation, their true growth potential often remains untapped.
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3 Small-Cap Stocks Set to Make Early Investors Filthy Rich
Investing in small-cap growth stocks can be an exhilarating experience. These companies, typically with a market capitalization under $2 billion, often represent disruptive innovators or niche players in high-growth industries.
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Fortuna Silver (FSM) Q2 Gold Equivalent Production Up 25% Y/Y
Fortuna Silver (FSM) reports a 25% improvement in gold equivalent ounces produced in the second quarter of 2024 as higher gold output offset the impact of low silver production.
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Fortuna reports solid production of 116,570 gold equivalent ounces for the second quarter of 2024
VANCOUVER, British Columbia, July 09, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reports production results for the second quarter of 2024 from its five operating mines in West Africa and Latin America.
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3 Penny Stocks That Could Turn $10K Into $100K in 3 Years
Investing in penny stocks can be a gateway to high financial gains, particularly when identifying high-potential opportunities. Here, the spotlight is on three high-potential penny stocks that possess the potential to transform a $10,000 investment into $100,000 within three years.
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Fortuna Silver Mines (FSM) Rises As Market Takes a Dip: Key Facts
In the closing of the recent trading day, Fortuna Silver Mines (FSM) stood at $4.89, denoting a +0.2% change from the preceding trading day.
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Fortuna intersects 31.3 g/t gold over 12.0 meters from the Karakara Prospect at the Diamba Sud Gold Project
VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Diamba Sud Gold Project in Senegal.
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Should Value Investors Buy Fortuna Silver Mines (FSM) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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The 3 Most Underrated Stocks Under $10 to Buy in June 2024
Investing in the stock market often involves seeking out undervalued gems. For savvy investors, underrated stocks under $10 to buy can present an attractive opportunity.
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5 Silver Mining Stocks to Gain on Improving Demand & Price Trends
With silver prices on an uptrend and the demand expected to remain strong, the near-term prospects of the Zacks Mining - Silver industry look upbeat. Stocks like FNLPF, FSM, PAAS, HL and MAG are likely to gain from solid growth projects, efforts to improve operational efficiency and lower costs.
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Fortuna reports results of Annual and Special Meeting
VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) hereby announces the voting results at the Company's annual and special meeting of shareholders held on June 20, 2024 (the “Meeting”).
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Fortuna intersects 23.7 g/t gold over 17.8 meters from the Kingfisher Prospect at the Séguéla Mine
VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration program at the Séguéla Mine in Côte d'Ivoire.
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Silver Set to Gain as Market Heads for a Deficit: 4 Stocks to Buy
With silver prices set to gain on an impending demand-supply imbalance this year, we suggest investing in stocks like FNLPF, FSM, MAG and ASM to ride on these trends.
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Top 3 Stocks to Buy Before They Skyrocket by 2026
In the constantly changing world of investments, determining which stocks to buy can be a frustrating task. However, market turmoil should not be a reason to ignore certain salient features of companies that promise stability and growth in their business.
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Fortuna Completes Offering of Convertible Senior Notes
VANCOUVER, British Columbia, June 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (TSX: FVI) (NYSE: FSM) (“Fortuna” or the “Company”) has closed its previously announced offering of 3.75% convertible senior notes due 2029 (the “Notes”) in an aggregate principal amount of US$172.5 million (the “Offering”), which includes exercise of the full amount of the option to purchase an additional US$22.5 million aggregate principal amount of Notes. The initial conversion rate for the Notes is 151.7220 common shares of Fortuna (“Shares”) per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$6.59 per Share.
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Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA Ratios
We have screened bargain stocks MHO, DNOW, FSM, ODP and AIR based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
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Are Investors Undervaluing Fortuna Silver Mines (FSM) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Fortuna Announces Pricing of Convertible Senior Notes
VANCOUVER, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (TSX: FVI) (NYSE: FSM) (“Fortuna” or the “Company”) announces that it has priced its previously announced offering of convertible senior notes due 2029 (the “Notes”) in an aggregate principal amount of US$150 million (the “Offering”). The Company has granted the initial purchasers of the Notes an option for a period of 15 days to purchase up to an additional US$22.5 million aggregate principal amount of Notes. The Notes will be issued at par value.
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What Makes Fortuna Silver Mines (FSM) a Strong Momentum Stock: Buy Now?
Does Fortuna Silver Mines (FSM) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Fortuna Announces Offering of Convertible Senior Notes
VANCOUVER, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (TSX: FVI) (NYSE: FSM) (“Fortuna” or the “Company”) announces that it is offering convertible senior notes due 2029 (the “Notes”) in an aggregate principal amount of US$150 million (the “Offering”). The Company expects to grant the initial purchasers of the Notes an option for a period of 15 days to purchase up to an additional US$22.5 million aggregate principal amount of Notes.
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3 Stocks to Buy to Benefit From the Silver Boom
In accordance with my previous prediction, silver prices have generally been making higher highs and higher lows since mid-February. As a result, the metal's price has jumped from $22.39 per ounce on Feb. 14 to $30.56 per ounce on May 31.
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7 Overlooked Stock Market Leaders Set for Massive Gains
Presenting seven companies operating in various industries, including energy, tourism, technology, and financial services. With their solid financial records, advantageous market positioning, and positive economic climate, these companies are poised to deliver substantial gains.
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Fortuna publishes its 2023 Sustainability Report
VANCOUVER, British Columbia, May 30, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) is pleased to announce the publication of its sixth annual sustainability report which details the Company's performance on key environmental, social, and governance (ESG) indicators during 2023. The report also includes dedicated sections on Fortuna's sustainability management and initiatives at each of the Company's operating mines as well as the contributions made within the countries that host our operations in the Latin America and West Africa regions. Also included is an ESG data section containing disclosure under sustainability accounting Standards Board (SASB) Metals and Mining Standard, the Task Force on Climate-Related Financial Disclosures Recommendations (TCFD), and the Global Reporting Initiative (GRI) standard.
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Fortuna Silver's (FSM) Yaramoko Hits 1M Ounce Gold Milestone
Fortuna Silver's (FSM) Yaramoko mine achieves 1 million ounces of gold production.
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Zacks Industry Outlook Avino Silver & Gold Mines, Fortuna Silver, Hecla and Buenaventura
Avino Silver & Gold Mines, Fortuna Silver, Hecla and Buenaventura have been highlighted in this Industry Outlook article.
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4 Top-Ranked Silver Mining Stocks Likely to Shine Further
Silver is one of the best-performing major commodities so far this year and is outperforming gold. The outperformance can be attributed to its role as a precious metal and an industrial metal.
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Fortuna's Yaramoko Mine reaches one-million-ounce gold pour milestone
VANCOUVER, British Columbia, May 22, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (TSX: FVI) (NYSE: FSM) is pleased to report that the Yaramoko Mine located in Burkina Faso reached the one-million-ounce gold pour milestone on May 19, 2024. Yaramoko started production on May 16, 2016 and Fortuna acquired the mine on July 2, 2021 (refer to Fortuna news release dated July 2, 2021).
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The 3 Best Stocks Under $10 to Buy for 3X Returns by 2028
The allure of the best stocks under $10 to buy in 2024 is undeniable. While embarking on this journey is a worthwhile endeavor, it is important to understand what this means.
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Fortuna Silver Mines Inc. (TSE:FVI) Forecasted to Post Q2 2024 Earnings of $0.10 Per Share
Fortuna Silver Mines Inc. (TSE:FVI – Free Report) (NYSE:FSM) – Equities research analysts at National Bank Financial issued their Q2 2024 EPS estimates for shares of Fortuna Silver Mines in a research note issued to investors on Thursday, May 16th. National Bank Financial analyst D. Demarco expects that the company will post earnings of $0.10 per share for the quarter. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.29 per share. National Bank Financial also issued estimates for Fortuna Silver Mines’ Q3 2024 earnings at $0.15 EPS and Q4 2024 earnings at $0.12 EPS. Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.01). Fortuna Silver Mines had a negative return on equity of 2.02% and a negative net margin of 3.98%. The company had revenue of C$361.23 million for the quarter. Other analysts have also issued reports about the stock. BMO Capital Markets lifted their target price on shares of Fortuna Silver Mines from C$6.50 to C$8.00 in a research report on Thursday, May 9th. National Bankshares lifted their target price on shares of Fortuna Silver Mines from C$7.75 to C$9.00 and gave the company a “sector perform” rating in a research report on Friday. CIBC lifted their target price on shares of Fortuna Silver Mines from C$7.00 to C$8.00 in a research report on Monday, April 15th. Finally, Canaccord Genuity Group lifted their target price on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a research report on Tuesday, April 23rd. Check Out Our Latest Report on Fortuna Silver Mines Fortuna Silver Mines Price Performance Shares of Fortuna Silver Mines stock opened at C$7.94 on Monday. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.15 and a current ratio of 1.27. The firm’s 50-day simple moving average is C$5.96 and its 200-day simple moving average is C$5.04. Fortuna Silver Mines has a twelve month low of C$3.56 and a twelve month high of C$7.95. The firm has a market cap of C$2.43 billion, a P/E ratio of -49.63 and a beta of 1.60. Insider Buying and Selling at Fortuna Silver Mines In other Fortuna Silver Mines news, Senior Officer Eric Chapman sold 12,195 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of C$7.74, for a total value of C$94,389.30. In other news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$4.91, for a total transaction of C$26,617.11. Also, Senior Officer Eric Chapman sold 12,195 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$7.74, for a total transaction of C$94,389.30. Insiders have sold a total of 66,516 shares of company stock worth $434,382 over the last ninety days. Corporate insiders own 0.77% of the company’s stock. Fortuna Silver Mines Company Profile (Get Free Report) Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.
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Analysts Issue Forecasts for Fortuna Silver Mines Inc.’s Q2 2024 Earnings (NYSE:FSM)
Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) – Stock analysts at National Bank Financial issued their Q2 2024 earnings estimates for shares of Fortuna Silver Mines in a research note issued on Thursday, May 16th. National Bank Financial analyst D. Demarco expects that the basic materials company will earn $0.07 per share for the quarter. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.08 per share. National Bank Financial also issued estimates for Fortuna Silver Mines’ Q3 2024 earnings at $0.11 EPS and Q4 2024 earnings at $0.09 EPS. Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last released its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $265.31 million during the quarter. Fortuna Silver Mines had a negative net margin of 3.94% and a positive return on equity of 6.04%. FSM has been the topic of several other reports. Scotiabank increased their price objective on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a “sector perform” rating in a report on Monday, April 8th. TheStreet lowered shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a report on Thursday, March 7th. Finally, StockNews.com upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Get Our Latest Stock Analysis on Fortuna Silver Mines Fortuna Silver Mines Trading Up 7.6 % Shares of FSM stock opened at $5.84 on Monday. The firm has a market cap of $1.79 billion, a P/E ratio of -53.09 and a beta of 1.57. Fortuna Silver Mines has a 1-year low of $2.58 and a 1-year high of $5.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 0.76. The firm’s 50-day simple moving average is $4.37 and its 200-day simple moving average is $3.72. Institutional Inflows and Outflows Hedge funds have recently bought and sold shares of the business. Rathbones Group PLC purchased a new position in Fortuna Silver Mines in the third quarter valued at approximately $34,000. Perritt Capital Management Inc. grew its position in Fortuna Silver Mines by 40.0% in the first quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 3,000 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Fortuna Silver Mines in the first quarter valued at approximately $56,000. Private Advisor Group LLC acquired a new stake in Fortuna Silver Mines in the third quarter valued at approximately $66,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Fortuna Silver Mines in the fourth quarter valued at approximately $77,000. Hedge funds and other institutional investors own 33.80% of the company’s stock. Fortuna Silver Mines Company Profile (Get Free Report) Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.
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Fortuna Silver (FSM) Hits 52-Week High: What's Driving It?
Fortuna Silver's (FSM) shares gain on the surge in gold prices and upbeat first-quarter 2024 results.
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Fortuna Silver Mines (FSM) Is Up 13.51% in One Week: What You Should Know
Does Fortuna Silver Mines (FSM) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Fortuna Silver (FSM) Q1 Earnings Top Estimates, Revenues Up Y/Y
Fortuna Silver's (FSM) first-quarter 2024 earnings reflect the impacts of higher sales volumes and gold prices.
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Buy in May and Stay? The Top 7 Stocks to Buy This Month
“Sell in May and Go Away” is a very popular slogan this time of year. And I would admit it applies to many investors right now.
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Fortuna Silver Mines Inc. (FSM) Q1 2024 Earnings Call Transcript
Fortuna Silver Mines Inc. (NYSE:FSM ) Q1 2024 Earnings Conference Call May 8, 2024 12:00 PM ET Company Participants Carlos Baca - Vice President, Investor Relations Jorge Alberto Ganoza - President and Chief Executive Officer Luis Dario Ganoza - Chief Financial Officer Cesar Velasco - Chief Operating Officer, Latin America David Whittle - Chief Operating Officer, West Africa Conference Call Participants Adrian Day - Adrian Day Asset Management Don DeMarco - National Bank Financial Eric Winmill - Scotiabank Tony Christ - Odyssey Investments Operator Greetings and welcome to the First Quarter 2024 Financial and Operational Results Call for Fortuna Silver. [Operator Instructions] Please note this conference is being recorded.
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Fortuna reports financial results for the first quarter of 2024
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the first quarter of 2024. First Quarter 2024 highlights Financial Attributable net income of $26.3 million or $0.09 per share, compared to a $92.3 million attributable net loss or $0.30 per share in Q4 2023 Adjusted attributable net income1 of $26.7 million or $0.09 per share, compared to $20.6 million or $0.07 per share in Q4 2023 Generated $84.3 million of cash flow from operations before working capital changes, and free cash flow from ongoing operations1 of $12.1 million, compared to $105.4 million and $66.2 million, respectively, in Q4 2023 The Company paid down $40.0 million of its revolving credit facility.
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