Fortuna Silver Mines Inc. is pleased to report that the Company has paid down an additional $41 million of its revolving credit facility at the end of the fourth quarter of 2023, using cash on hand. After the payment of $41 million, the Company expects to bring down the leverage ratio1 below 0.5 times total net debt2 to adjusted EBITDA3 . At December 31, 2023, it is expected that Fortuna's total outstanding debt balance [...]
Fortuna Silver Mines Inc. is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire, the recently acquired Diamba Sud Gold Project in Senegal, and the San Jose Mine in Mexico. Exploration program highlights Badior prospect, Séguéla Mine, Côte d'Ivoire: SGRD1683: 17.3 g/t Au over an estimated true width of 6.3 meters from 67 meters, including 49.5 g/t Au over an estimated true width [...]
Fortuna Silver Mines Inc. is pleased to announce that it will be attending the Scotiabank Mining Conference, which is being held at the Shangri-La Hotel in Toronto, Canada, from November 28 to 29, 2023. Jorge A. Ganoza, President, Chief Executive Officer, and co-founder of Fortuna, will be presenting at the conference and participating in 1-on-1 investor meetings. About the Scotiabank Mining Conference Scotiabank Global [...]
Fortuna Silver Mines Inc. is pleased to announce that it will be attending the 121 Mining Investment London Conference, which is being held at etc.venues 133 Houndsditch in London, United Kingdom, from November 20 to 21, 2023. Jorge A. Ganoza, President, Chief Executive Officer, and co-founder of Fortuna, will be attending the conference and participating in 1-on-1 investor meetings. About 121 Mining Investment London The [...]
Fortuna Silver Mines Inc. today reported its financial and operating results for the third quarter of 2023. Third Quarter 2023 highlights Financial Net income4 of $27.5 million or $0.09 per share, compared to $3.1 million or $0.01 per share in Q2 2023 Adjusted net income4,1 of $29.6 million or $0.10 per share, compared to $2.5 million or $0.01 per share in Q2 2023 Adjusted EBITDA1 of $104.6 million, compared to $44.4 [...]
Fortuna Silver Mines Inc. announces that it will now release its unaudited financial statements and MD&A for the third quarter 2023 on Wednesday, November 8, 2023, before market open. Previously, the Company announced it would release after market close. The conference call to discuss the financial and operational results will still be held on Thursday, November 9, 2023, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern [...]
Fortuna Silver Mines Inc. reports that the Mexican Federal Administrative Court has ruled in favour of Minera Cuzcatlan, Fortuna's Mexican subsidiary, and re-instated the 12-year environmental impact authorization for the San Jose Mine. On January 2, 2023, Minera Cuzcatlan received written notice of a resolution issued by the Secretaria de Medio Ambiente y Recursos Naturales which annulled the 12-year term of the EIA for [...]
Fortuna Silver Mines Inc. announces that it will release its unaudited financial statements and MD&A for the third quarter 2023 on Wednesday, November 8, 2023, after market close. A conference call to discuss the financial and operational results will be held on Thursday, November 9, 2023, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza [...]
Fortuna Silver Mines Inc. reports that it has paid down $40 million of its revolving credit facility at the end of the third quarter of 2023, using cash on hand. As at June 30, 2023, Fortuna reported a leverage ratio1 of 0.9 times total net debt2 to adjusted EBITDA3. After the payment of $40 million, it is expected that the Company's total outstanding debt balance will stand at approximately $206 million on its credit [...]
Fortuna Silver Mines Inc. reports record gold and gold equivalent production for the third quarter of 2023 from its five operating mines in West Africa and Latin America. Gold and silver production for the quarter was 94,821 ounces and 1.7 million ounces, respectively, or 128,671 gold equivalent ounces1, including lead and zinc by-products. Gold and silver production for the nine months totaled 219,260 ounces and 4.5 [...]
Fortuna Silver Mines Inc. is pleased to confirm the completion of the previously announced acquisition of Chesser Resources Limited . Fortuna has acquired 100 percent of the fully paid ordinary shares of Chesser in consideration for 0.0248 of one common share of Fortuna for each Chesser Share held. On closing, Fortuna issued 15,545,368 Fortuna Shares in exchange for the Chesser Shares, representing approximately 5.1 [...]
Fortuna Silver Mines Inc. is pleased to announce that the inauguration ceremony of its Séguéla Mine in Côte d'Ivoire took place on Friday, September 15, 2023. The ceremony was attended by national, provincial, and local government authorities, representatives of the Canadian embassy, community representatives, local media, contractors, company personnel, and over 1,000 guests from the neighboring communities. Jorge A [...]
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