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Fortuna Mining Corp. - FSM STOCK NEWS

Welcome to our dedicated page for Fortuna Mining news (Ticker: FSM), a resource for investors and traders seeking the latest updates and insights on Fortuna Mining stock.

FORTUNA Silver Mines Inc. (symbol: FSM) is a prominent player in the precious and base metal mining sector. Established in 2005, the company has rapidly grown to become one of Latin America's leading silver producers. Fortuna operates several mines, including the Lindero gold mine in Argentina, the Yaramoko gold mine in Burkina Faso, the San Jose silver and gold mine in Mexico, the Caylloma silver, lead, and zinc mine in Peru, and the Seguela gold mine in Cote d'Ivoire.

Fortuna's operations are focused on sustainable growth, efficient mining, and delivering value to shareholders. The company has extensive property holdings of 87,000 hectares, providing ample opportunities for organic growth and exploration. A notable project is the 44,000-meter drill program targeting multiple silver and gold reserves at the San Jose and Caylloma mines.

Financially, Fortuna continues to show robust performance. The majority of its revenue comes from the Seguela gold mine, with significant contributions from the other mines. The company's strategic initiatives include ongoing exploration and development activities aimed at increasing production and enhancing operational efficiency.

Fortuna is also committed to maintaining high standards in quality assurance and quality control (QA/QC) across all its operations. The management team, led by President and CEO Jorge A. Ganoza, ensures that the company adheres to best practices in mining, environmental stewardship, and corporate governance.

For the latest updates, comprehensive reports, and detailed information about Fortuna Silver Mines Inc., visit their official website or follow their news releases and investor communications.

News

Fortuna intersects 1kg Ag Eq over an estimated true width of 8.1m at the Yessi vein, San Jose Mine, Mexico

Rhea-AI Summary
Fortuna Silver Mines Inc. provides an update on its Yessi vein exploration program at the San Jose Mine in Mexico, highlighting significant drilling results including 1,036 g/t Ag Eq over an estimated true width of 8.1 meters. The Yessi vein has been successfully drill tested over a 350-meter strike and a 450-meter vertical profile, showing potential for high-grade shoots and broad zones of mineralization.
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Fortuna reports strong gold equivalent production of 112,543 ounces in the first quarter of 2024

Rhea-AI Summary
Fortuna Silver Mines Inc. reports strong gold and gold equivalent production for Q1 2024, with 89,678 ounces of gold and 1.1 million ounces of silver. The company reiterates its 2024 annual production guidance range. Financial highlights include $40 million repayment on credit facility, share repurchases, and acquisition of NSR at Séguéla Mine. Production increased for gold equivalent, gold, and silver compared to Q1 2023. TRIFR increased. Detailed production data for each operating mine in West Africa and Latin America is provided.
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Fortuna files Form 40-F, Annual Report

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Fortuna Silver Mines Inc. (FSM) has filed its fiscal 2023 annual report on Form 40-F with the SEC, containing audited financial statements and management's discussion. Shareholders can access the report on the company's website or SEC's website.
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Fortuna to present at the Gold Forum Europe 2024 in Zürich, Switzerland

Rhea-AI Summary
Fortuna Silver Mines Inc. (FSM) will attend Gold Forum Europe 2024 in Zürich, Switzerland, with Jorge A. Ganoza presenting on April 9. The event will be held from April 8 to 10, 2024, at the Park Hyatt.
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Fortuna discovers new Kingfisher prospect at Séguéla Mine and provides exploration update at the Diamba Sud Gold Project

Rhea-AI Summary
Fortuna Silver Mines Inc. provides updates on exploration programs at Séguéla Mine in Côte d’Ivoire and Diamba Sud Gold Project in Senegal. Significant discoveries at both sites, including high-grade intersections and successful drilling results, highlight the potential for underground mining and resource expansion. The company's ongoing drilling programs aim to enhance resource confidence, test satellite opportunities, and extend mineralized zones beyond historic pit shells.
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Fortuna Reports Results for the Fourth Quarter and Full Year 2023

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Fortuna Silver Mines Inc. reported its financial results for Q4 and full year 2023, highlighting a net loss of $92.3 million for the quarter, record gold equivalent production, and a strong operational performance. The company's liquidity stood at $213.1 million as of December 31, 2023.
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Fortuna to release fourth quarter and full year 2023 financial results on March 6, 2024; Conference call at 12 p.m. Eastern time on March 7, 2024

Rhea-AI Summary
Fortuna Silver Mines Inc. (FSM) to release financial statements for Q4 and full year 2023. Conference call scheduled for March 7, 2024, with key executives participating.
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Fortuna reports updated Mineral Reserves and Mineral Resources

Rhea-AI Summary
Fortuna Silver Mines, Inc. provides its updated Mineral Reserve and Mineral Resource estimates as of December 31, 2023, reporting decreases in consolidated Proven and Probable Mineral Reserves and Measured and Indicated Resources year-over-year. The primary drivers for these changes are production-related depletion in 2023 and the application of higher cut-off values due to increased operational costs.
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Fortuna Announces GHG Emissions Reduction Target for 2030 and Long-Term Objectives to 2050

Rhea-AI Summary
Fortuna Silver Mines Inc. announces its greenhouse gas emissions reduction targets, including a 15% reduction in Scope 1 and Scope 2 GHG emissions by 2030 and a commitment to achieving net-zero GHG emissions by 2050. The company plans to achieve these targets through electrification, increased use of renewable energy, and other initiatives across its global operations.
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Fortuna reports record 2023 production of 452 koz Au Eq and 2024 annual guidance of 457 to 497 koz Au Eq

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Fortuna Silver Mines Inc. reports record gold and silver production for the full year 2023, with 326,638 ounces of gold and 5,883,691 ounces of silver produced. However, there was a 15% decrease in silver production compared to 2022. The company also provided 2024 production and cost guidance, projecting an increase in gold production of between 5 and 18 percent compared to 2023, and a projected decrease of between 32 and 21 percent in silver production.
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FAQ

What is the current stock price of Fortuna Mining (FSM)?

The current stock price of Fortuna Mining (FSM) is $5 as of November 21, 2024.

What is the market cap of Fortuna Mining (FSM)?

The market cap of Fortuna Mining (FSM) is approximately 1.6B.

What does Fortuna Silver Mines Inc. do?

Fortuna Silver Mines Inc. engages in mining precious and base metals, operating mines in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire.

Where are Fortuna Silver Mines' key operations located?

Key operations are located in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire.

What are Fortuna Silver Mines' primary products?

The primary products are silver, gold, lead, and zinc.

What is Fortuna Silver Mines' production forecast?

The production forecast includes approximately 5 million ounces of silver and 26,000 ounces of gold.

How does Fortuna Silver Mines ensure quality control?

Fortuna maintains high standards in quality assurance and quality control (QA/QC) across all its operations.

Who leads Fortuna Silver Mines Inc.?

The company is led by President and CEO Jorge A. Ganoza.

What is the financial outlook for Fortuna Silver Mines?

Fortuna continues to show robust performance with significant revenue from its Seguela gold mine.

What are Fortuna's plans for future growth?

Fortuna plans to increase production through exploration and development activities, aiming for sustainable growth.

Where can I find the latest news about Fortuna Silver Mines?

Latest news and updates can be found on their official website and through their news releases.

How does Fortuna Silver Mines contribute to environmental sustainability?

Fortuna adheres to best practices in mining, emphasizing environmental stewardship and sustainable operations.

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Fortuna Mining Corp.

NYSE:FSM

FSM Rankings

#2197 Ranked by Market Cap
N/A Ranked by Dividends

FSM Stock Data

1.55B
309.77M
0.83%
63.85%
4.23%
Gold
Basic Materials
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