Fortuna Mining - FSM STOCK NEWS

Fortuna Silver Mines Inc. (NYSE: FSM) reported robust Q3 2021 production results from its mines in the Americas and West Africa. The company produced 65,425 ounces of gold and 1,711,881 ounces of silver, totaling 87,950 gold equivalent ounces. Notably, gold production surged 411% compared to Q3 2020, while silver production decreased by 20%. The Lindero Mine achieved record gold output of 26,235 ounces. Total gold and silver production for the first nine months reached 131,029 ounces and 5,518,458 ounces respectively. The company also noted a decrease in COVID-19 disruptions, with 94% of the workforce vaccinated.

Fortuna Silver Mines (NYSE: FSM) announces the commencement of construction for the Séguéla gold Project in Côte d’Ivoire, following its acquisition of Roxgold Inc. in July 2021. The project boasts a nine-year mine life with an initial annual production of 130,000 ounces of gold. The estimated initial capital investment is $162 million, supported by the company's strong financial position. Construction is set to take approximately 20 months, with initial gold production expected by mid-2023. The project indicates strong economic metrics with a projected after-tax IRR of 49% at a $1,600 gold price.

Fortuna Silver Mines (NYSE: FSM) announces the retirement of David Volkert as Vice President of Exploration - Latin America, effective September 30, 2021. Jorge A. Ganoza, CEO, acknowledged Volkert's contributions over the past five years. Paul Weedon will be promoted to Senior Vice President of Exploration, effective October 1, and David Whittle to Vice President of Operations - West Africa on the same date. Both new appointees bring extensive experience in the mining industry, enhancing Fortuna's operational leadership.

Fortuna Silver Mines (NYSE: FSM) announced the sale of 515,365 common shares in Keon Capital Inc. on September 7, 2021. The shares were sold at C$0.10 each, totaling C$51,536.50. This transaction represents approximately 26.9% of Keon’s total outstanding shares. Post-sale, Fortuna no longer holds any shares in Keon and has no plans to acquire further securities related to the company. The required early warning report will be filed on SEDAR for transparency.

Fortuna Silver Mines reported significant drilling results from its projects in Cote d’Ivoire and Burkina Faso. Highlights include high-grade gold intervals such as 28.8 g/t over 7 meters at Koula and 17.2 g/t over 30 meters at Sunbird. The company is confident about expanding mineralization at its Séguéla and Boussoura projects. With extensive drilling completed since early 2021, Fortuna aims to develop multiple new targets. The results indicate a growing potential for further discoveries as exploration progresses in the second half of the year.

Fortuna Silver Mines Inc. (NYSE: FSM) announces significant management changes effective September 1, 2021. Cesar E. Velasco has been appointed Chief Operating Officer for Latin America, while Manuel Ruiz-Conejo steps up to Senior Vice President, Mining. Carlos Manrique is now Vice President Operations, Latin America. These promotions reflect the company's strategic focus on growth in Latin America and the integration of Roxgold in West Africa. CEO Jorge A. Ganoza emphasized that these leaders are results-oriented professionals who align with the company's vision and values.

Fortuna Silver Mines (NYSE: FSM) reported a robust Q2 2021, showcasing net income of $16.2 million and record sales of $120.5 million, a 171% increase from Q2 2020. Adjusted net income rose to $21.5 million, with adjusted EBITDA reaching $54.9 million. The company faced COVID-19 challenges at Lindero, impacting guidance, yet noted improved equipment productivity. Anticipating production from the Roxgold acquisition in Q3, Fortuna expects an addition of 62,000 to 66,000 gold ounces at an AISC below $1,150 per ounce.

Fortuna Silver Mines Inc. (NYSE: FSM) will release its unaudited financial statements and MD&A for Q2 2021 on August 11, 2021, post-market close. A conference call to discuss the results is scheduled for August 12, 2021, at 9:00 AM Pacific time. Jorge A. Ganoza, President and CEO, along with CFO Luis D. Ganoza, will host the call. Interested parties can listen via webcast or phone. The company operates in the precious metals sector with four mines across various countries, emphasizing sustainability and long-term value for shareholders.

Fortuna Silver Mines reported impressive production results for Q2 2021, producing 1,892,822 ounces of silver and 31,048 ounces of gold, marking a 49% and 337% year-over-year increase, respectively. The consolidated production for the first half of 2021 reached 3,806,577 ounces of silver and 65,603 ounces of gold. The company updated its 2021 guidance, projecting 6.8 to 7.6 million ounces of silver and 194 to 223 thousand ounces of gold, reflecting strong growth despite challenges, including COVID-19 disruptions affecting operations at the Lindero Mine.