As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index prior to the open of trading on Monday, September 21, 2020: S&P/TSX COMPOSITE INDEX – September 21, 2020 COMPANY GICS SECTOR GICS SUB-INDUSTRY ADDED Fortuna Silver Mines Inc. Materials Silver ADDED New Gold Inc Materials Gold ADDED Osisko Mining Inc. Materials Precious Metals & Minerals ADDED Sprott [...]
Fortuna Silver Mines Inc. is pleased to announce the start of irrigation and leaching of ore placed on the heap leach pad at the Lindero gold Project, located in the Province of Salta, Argentina. First gold pour is expected in early October 2020. Jorge A. Ganoza, President, CEO and Director, commented, “In spite of all the restrictions and challenges brought by the COVID-19 pandemic, we are managing to successfully [...]
Fortuna Silver Mines Inc. today reported net loss of $5.7 million, adjusted EBITDA of $9.4 million, and free cash flow from ongoing operations of $0.2 million for the second quarter of 2020. Jorge A. Ganoza, President and CEO, commented, “Although the unprecedented volatility and government mandated shutdowns during the second quarter have resulted in a $5.7 million net loss, our cost and investment reduction plans have [...]
Fortuna Silver Mines Inc. announces that it will release its financial statements and MD&A for the second quarter of 2020 on Thursday, August 13, 2020 after the market closes. A conference call to discuss the financial and operational results will be held on Friday, August 14, 2020 at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, and Luis D. Ganoza, Chief [...]
Fortuna Silver Mines Inc. is pleased to report that production activities resumed at the Caylloma Mine located in the Province of Arequipa, Peru. On July 6, 2020, the Company decided to voluntarily suspend operations for a period of approximately two weeks at the Caylloma Mine. During this time, the Company has among other things, sanitized and disinfected the mine site. The Company has in place and is operating under [...]
Fortuna Silver Mines Inc. is pleased to report the successful completion of commissioning of the primary and secondary crushing circuits and the start of stacking ore on the heap leach pad at the Lindero gold Project, located in the Province of Salta, Argentina. Jorge A. Ganoza, President, CEO and Director, commented, “The successful commissioning of the primary and secondary crushing circuits and the start of stacking [...]
Fortuna Silver Mines Inc. reports production results for the second quarter of 2020 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 1.3 million ounces of silver and 7,099 ounces of gold, plus base metal by-products. Silver and gold production for the first six months totaled 3.1 million ounces and 17,200 ounces, respectively. At the beginning [...]
Fortuna Silver Mines Inc. regrets to inform of the sudden death of a 34-year old contractor’s employee at the Caylloma Mine, located in the province of Arequipa, on Sunday, July 5, 2020. The family and authorities have been promptly informed. The cause of death has not been determined at this time. In accordance with the Company’s health protocols approved by the Ministerio de Salud , the individual had completed a health [...]
Fortuna Silver Mines hereby announces the voting results at the Company’s annual general meeting held on June 18, 2020. A total of 74,313,716 common shares were represented at the meeting, being 46.22% of the Company’s issued and outstanding shares as at the record date. Shareholders voted in favour of all matters brought before the meeting including the appointment of auditors, the election of management’s nominees as [...]
Fortuna Silver Mines Inc. is pleased to announce that production activities have resumed at the San Jose Mine located in Oaxaca, Mexico. On March 31, 2020, the Government of Mexico announced extraordinary measures in response to the spread of COVID-19, which included the suspension of all non-essential activities, including mining, until April 30, 2020. This period of isolation was subsequently extended until May 30th [...]
Fortuna Silver Mines Inc. announces the closing of its previously announced bought deal equity offering . A total of 23,000,000 common shares were issued at a price of US$3.00 per Share for gross proceeds to the Company of US$69,000,000, which includes the exercise, in full, of the over-allotment option of an additional 3,000,000 Shares. The Offering was conducted through a syndicate of underwriters led by Scotiabank and [...]
Fortuna Silver Mines Inc. today reported a net loss of $4.5 million, an adjusted net loss of $2.2 million, and adjusted EBITDA of $15.9 million for the first quarter of 2020. Jorge A. Ganoza, President and CEO, commented, “Our results in the quarter were marked by lower production at the San Jose Mine, negative metal price adjustments at the end of March, and an unusually high income tax provision related to the [...]
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