Welcome to our dedicated page for FORTUNA Silver Mines news (Ticker: $FSM), a resource for investors and traders seeking the latest updates and insights on FORTUNA Silver Mines stock.
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Fortuna Silver Mines Inc. reported financial results for Q1 2024 with $26.3 million net income, $84.3 million cash flow, and $40 million debt repayment. Operational highlights include 112,543 gold equivalent production, shareholder capital return, and new prospects at Séguéla. Despite a decrease in production and higher costs at San Jose, the company maintains a strong liquidity position.
Fortuna Silver Mines Inc. (NYSE: FSM) has renewed its share repurchase program, approved by the Toronto Stock Exchange. The company plans to repurchase up to five percent of its outstanding common shares through the NCIB, starting on May 2, 2024. The program aims to enhance shareholder value by buying back undervalued shares, with a limit of 15,287,201 common shares to be repurchased and cancelled. Fortuna will base its repurchase decisions on financial performance, cash flow, and regulatory restrictions.
