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 [...]
Fortuna Silver Mines Inc. is pleased to announce that it will be presenting at the Gold Forum Americas, which is being held at the Broadmoor Hotel & Resort in Colorado Springs, Colorado, from September 17 to September 20, 2023. Jorge A. Ganoza, President, Chief Executive Officer, and co-founder of Fortuna will be presenting on Monday, September 18 at 11:40 a.m. Mountain Daylight Time. About Gold Forum Americas Gold Forum [...]
Fortuna Silver Mines Inc. is pleased to announce that the processing plant performance test was successfully completed at its Séguéla Mine in Côte d´Ivoire in August. The processing plant achieved designated performance criteria over the test period of 168 hours, which ultimately brings to conclusion the engineering, procurement, and construction contract with Lycopodium. During the performance test, the processing plant [...]
Fortuna Silver Mines Inc. is pleased to announce the discovery of the Yessi vein, a new blind mineralized structure, at the San Jose Mine in Mexico. Paul Weedon, Senior Vice President of Exploration, commented, "Drilling by the mine geology team recognized a new blind zone of alteration and brecciation, resulting in the intersection of 1,299 g/t Ag Eq over 9.9 meters in drill hole SJOM-1387, and 621 g/t Ag Eq over 5 [...]
Fortuna Silver Mines Inc. today reported its financial and operating results for the second quarter of 2023. Second Quarter 2023 highlights Financial Adjusted net income of $2.9 million or $0.01 per share Net income of $3.5 million or $0.01 per share Adjusted EBITDA1 of $44.4 million Net cash provided by operating activities $44.2 million and free cash flow from ongoing operations of $9.5 million Liquidity as of March 31 [...]
Fortuna Silver Mines Inc. is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire, the Yaramoko Mine in Burkina Faso, and the Baborigame Project in Mexico. Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Infill drilling at the Sunbird Deposit to upgrade geologic confidence has concluded, with the next phase of estimation, optimization, and design having [...]
Fortuna Silver Mines Inc. announces that it will release its unaudited financial statements and MD&A for the second quarter 2023 on Wednesday, August 9, 2023, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, August 10, 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. is pleased to announce the publication of its fifth annual sustainability report, which details the Company's performance on key environmental, social, and governance indicators during 2022. The 2022 Sustainability Report highlights Fortuna's sustainability management and initiatives at each operating mine as well as our contributions within our host countries. The Report also includes a [...]
Fortuna Silver Mines Inc. reports production results for the second quarter of 2023 from its five operating mines in West Africa and Latin America. Q2 2023 Production highlights The Séguéla Mine poured first gold on May 24 and produced 4,023 ounces during the initial ramp up weeks of the second quarter with first sales planned for July Gold equivalent production of 93,454 ounces1 Gold production of 64,348 ounces; 4 [...]
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