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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 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

Rhea-AI Summary
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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Fortuna pays down an additional $41 million of debt

Rhea-AI Summary
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) has reported a reduction of approximately $50 million in total net debt at the end of the fourth quarter of 2023, bringing the leverage ratio below 0.5 times total net debt to adjusted EBITDA. The estimated total net debt and liquidity for Fortuna as at the end of the fourth quarter of 2023 is preliminary financial information and has been prepared by management.
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Fortuna intersects 88 g/t Au over 3.5m at the Séguéla Mine and provides exploration update

Rhea-AI Summary
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) provides an update on its exploration programs at the Séguéla Mine in Côte d’Ivoire, the Diamba Sud Gold Project in Senegal, and the San Jose Mine in Mexico. The company reports high-grade gold and silver results from its drilling programs, indicating potential for long-term underground mining at various deposits.
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Fortuna to attend Scotiabank Mining Conference

Rhea-AI Summary
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces participation in Scotiabank Mining Conference with President and CEO, Jorge A. Ganoza, presenting and engaging in investor meetings. The conference will take place at the Shangri-La Hotel in Toronto, Canada, from November 28 to 29, 2023.
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Fortuna to attend 121 Mining Investment London Conference

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Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) to attend 121 Mining Investment London Conference. Jorge A. Ganoza, President and CEO, to participate in investor meetings.
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Fortuna reports record production and financial results for the third quarter of 2023

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Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reported Q3 2023 net income of $27.5M, adjusted EBITDA of $104.6M, and liquidity of $162.3M. Gold production increased to 94,821 ounces, and silver production to 1,680,751 ounces. The company also completed the acquisition of Chesser Resources Limited and its Diamba Sud project.
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Fortuna brings forward filing time of its third quarter 2023 financial results to before market open on November 8, 2023

Rhea-AI Summary
Fortuna Silver Mines Inc. will now release its unaudited financial statements and MD&A for Q3 2023 on November 8, 2023, before market open. The conference call to discuss the financial and operational results will be held on November 9, 2023. Shareholders and interested investors can listen to the live conference call via webcast or phone.
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Fortuna receives positive decision from Mexican Court which reinstates the San Jose Mine environmental impact authorization

Rhea-AI Summary
Fortuna Silver Mines Inc. reports that the Mexican Federal Administrative Court has ruled in favor of its subsidiary, Minera Cuzcatlan, and re-instated the 12-year environmental impact authorization for the San Jose Mine. The Court dismissed the allegations of SEMARNAT and stated that the mine is in full compliance with environmental laws. The decision is subject to appeal.
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FAQ

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

The current stock price of Fortuna Mining (FSM) is $4.36 as of December 24, 2024.

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

The market cap of Fortuna Mining (FSM) is approximately 1.4B.

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

#2286 Ranked by Market Cap
N/A Ranked by Dividends

FSM Stock Data

1.37B
309.58M
0.8%
63.97%
4.68%
Gold
Basic Materials
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