Fortuna Silver Mines Inc. today reported a net loss of $7.7 million, adjusted net income of $1.9 million, and adjusted EBITDA of $19.2 million for the third quarter of 2019. Jorge A. Ganoza, President and CEO, commented, “On the strength of our two operating mines and improved metal prices, we generated adjusted EBITDA of $19.2 million with strong free cash flow from ongoing operations of $10.6 million in the third [...]
Fortuna Silver Mines Inc. announces that it will release its financial statements and MD&A for the third quarter of 2019 on Thursday, November 14, 2019 after the market closes. A conference call to discuss the financial and operational results will be held on Monday, November 18, 2019 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 production results for the third quarter of 2019 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 1.9 million ounces of silver and 11,436 ounces of gold plus base metal by-products. Silver and gold production for the first nine months of 2019 totaled 6.6 million ounces and 38,247 ounces [...]
Fortuna Silver Mines Inc. is pleased to announce the full exercise and closing of the over-allotment option granted to CIBC Capital Markets, Scotiabank and BMO Capital Markets . The Company issued and sold to the Underwriters an additional US$6 million aggregate principal amount of 4.65% senior subordinated unsecured convertible debentures pursuant to the exercise of the Over-Allotment Option, in connection with the [...]
Fortuna Silver Mines Inc. is pleased to announce that it has completed its previously announced bought deal offering of senior subordinated unsecured convertible debentures . The Company issued an aggregate principal amount of US$40 million Debentures at a price of US$1,000 per Debenture. The Debentures mature on October 31, 2024 and will bear interest at a rate of 4.65% per annum, payable semi-annually in arrears on the [...]
Fortuna Silver Mines Inc. is pleased to announce the start of pre-production mining at its 100 percent owned Lindero gold Project located in the Province of Salta, Argentina. Initial blasting on Mineral Reserves commenced in early September and the mine is planned to build stockpiles of reserves ahead of stacking on the leach pad. Jorge A. Ganoza, President, CEO and Director, commented, “The start of pre-production [...]
Fortuna Silver Mines Inc. today announced that it has entered into an agreement with a syndicate of underwriters, co-led by CIBC Capital Markets and Scotiabank, who have agreed to purchase, on a "bought deal" basis, US$40,000,000 aggregate principal amount of senior subordinated unsecured convertible debentures , at a price of US$1,000 per Debenture. The Company has also granted the Underwriters an over-allotment option [...]
Fortuna Silver Mines Inc. deeply regrets to report that a fatal accident involving a contractor’s employee occurred on August 18, 2019 at the San Jose mine located in Oaxaca, Mexico. The accident involved a scooptram operating underground, and the individual fatally injured was the driver. There were no other injuries related to the accident. The appropriate government and local authorities were immediately notified [...]
Fortuna Silver Mines Inc. today reported net income of $10.3 million, adjusted net income of $7.2 million, and adjusted EBITDA of $27.2 million for the second quarter of 2019. Jorge A. Ganoza, President and CEO, commented, “Our results in the second quarter a reflect strong financial performance in spite of a challenging price environment for silver, with adjusted net earnings per share of 6 cents, adjusted EBITDA [...]
Fortuna Silver Mines Inc. announces that it will release its financial statements and MD&A for the second quarter of 2019 on Wednesday, August 7, 2019 after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, August 8, 2019 at 9:00 a.m. Pacific | 12:00 p.m. Eastern. Hosting the call will be Jorge A. Ganoza, President and CEO, and Luis D. Ganoza, Chief Financial [...]
Fortuna Silver Mines Inc. is pleased to report production results for the second quarter of 2019 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.4 million ounces of silver and 13,497 ounces of gold plus base metal by-products. Silver and gold production for the first six months totaled 4.6 million ounces and 26,811 ounces respectively; being [...]
Fortuna Silver Mines hereby announces the voting results at the Company’s annual general meeting held on June 20, 2019. A total of 106,646,841 common shares were represented at the meeting, being 66.58% 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, and the election of [...]
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