Fortuna Mining Corp. reports operating and financial developments for a Canadian precious metals miner that produces gold and silver from three operating mines and a portfolio of exploration projects.
Recurring updates include quarterly production in gold-equivalent ounces, cash costs and all-in sustaining costs, cash flow, liquidity, safety performance and capital actions through normal course issuer bid activity. Company news also covers Mineral Reserve and Mineral Resource estimates, drilling at deposits such as Sunbird at Séguéla, exploration projects including Diamba Sud in Senegal, project agreements in the Guyana Shield, annual reporting and MD&A releases.
Fortuna Silver Mines Inc. (NYSE: FSM) will release its unaudited financial statements and MD&A for Q3 2022 on November 9, 2022, after market close. A conference call discussing the results will be held on November 10, 2022, at 9:00 a.m. PT. Key executives, including CEO Jorge A. Ganoza, will host the call. Interested parties can join via a webcast or phone. Playback of the call will be available until November 24, 2022, for audio and until November 10, 2023, for the webcast. Fortuna operates mines in multiple countries, focusing on sustainability and stakeholder value.
Fortuna Silver Mines Inc. (NYSE: FSM) has reported robust third-quarter 2022 production results from its mines in the Americas and West Africa. Gold production reached 66,344 ounces, a 1.4% year-over-year increase, while silver output was 1,837,506 ounces, up 7.3% from Q3 2021. The company is on track to meet its annual guidance of 6.2 to 6.9 million ounces of silver and 244 to 280 thousand ounces of gold. Noteworthy performances came from the Lindero and Yaramoko mines. Additionally, base metal production included 9.1 million pounds of lead and 11.9 million pounds of zinc.
Fortuna Silver Mines Inc. (NYSE: FSM) will present at the Gold Forum Americas from September 18-21, 2022, in Colorado Springs, Colorado. CEO Jorge A. Ganoza is scheduled to speak on September 19 at 11:20 a.m. MDT. The Gold Forum, the oldest and largest gathering of precious commodity equities, features numerous gold and silver companies and attracts leading investors, analysts, and private equity. Fortuna operates four mines across Argentina, Burkina Faso, Mexico, and Peru, with sustainability at its core. For more details, visit their website.
Fortuna Silver Mines (NYSE: FSM) announced progress in the construction of its Séguéla gold project in Côte d'Ivoire, achieving 74% completion as of August 31, 2022. With a total budget of $173.5 million, the project has committed $164.3 million, staying on track for the first gold pour in mid-2023. Key construction activities include procurement of major equipment and completion of the high-voltage substation and water storage dam. The SAG mill is expected on-site in Q4 2022 despite supply chain challenges.
Fortuna Silver Mines (NYSE: FSM) provided a significant update on its Séguéla gold Project in Côte d’Ivoire, revealing promising drilling results. Key highlights include drill hole SGDD102, which encountered 5.1 g/t gold over 10.5 meters, and SGRD1411 intersecting 13.6 g/t gold over 6.3 meters. Exploration efforts are expanding with new high-grade prospects identified, including Kestrel at 24.0 g/t over 2.8 meters. Further drilling is planned for Q4 2022 to explore deeper extensions. This exploration success signals potential growth in gold resources at Séguéla.
Fortuna Silver Mines (NYSE: FSM) announces the voluntary resignation of Paul Criddle as Chief Operating Officer - West Africa, effective September 30, 2022, due to personal reasons. He will remain a senior advisor until the Séguéla Mine in Côte d'Ivoire is completed, which is currently 66% finished as of June 30, 2022. David Whittle, formerly Vice President of Operations - West Africa, will take over as COO from October 1, 2022. Fortuna appreciates Criddle's contributions and welcomes Whittle to the executive team, aiming to strengthen operations in the region.
Fortuna Silver Mines (NYSE: FSM) reported its Q2 2022 results with gold production of 62,171 ounces, a 100% rise year-over-year, while silver production fell 13% to 1,652,895 ounces. Net income decreased to $1.7 million from $16.2 million in Q2 2021. Sales rose 39% to $167.9 million, driven mainly by higher gold sales. All-in sustaining costs were $1,151 per ounce for the Lindero Mine and $1,565 for the Yaramoko Mine. Free cash flow reached $21.9 million, and liquidity stood at $136.1 million. The Séguéla project is 66% complete, on track for a mid-2023 gold pour.
Fortuna Silver Mines Inc. (NYSE: FSM) announced it will release its unaudited financial statements and MD&A for Q2 2022 on August 10, 2022, after market close. A conference call to discuss these results will take place on August 11, 2022, at 9:00 a.m. Pacific time, featuring key executives, including CEO Jorge A. Ganoza. Interested parties can listen via webcast or phone. The earnings call replay will be available until August 25, 2022, while the webcast playback will last until August 11, 2023. Fortuna operates four mines in various countries and focuses on sustainability in its operations.
Fortuna Silver Mines reported strong production results for Q2 2022, achieving a 100% increase in gold production year-over-year, totaling 62,171 ounces. Silver production reached 1,652,895 ounces, reflecting a 13% decrease compared to Q2 2021. The company maintained its annual production guidance of 6.2 to 6.9 million ounces of silver and 244 to 280 thousand ounces of gold. Key operational highlights include strong performances from both Lindero and Yaramoko mines, while San Jose's silver and gold output was lower due to reduced head grades.
Fortuna Silver Mines (NYSE: FSM) held its annual general meeting on June 27, 2022, with 138,713,814 shares represented, accounting for 47.48% of total shares. Shareholders approved all resolutions, including the appointment of directors and auditors. Notably, Ms. Salma Seetaroo was appointed as an additional director, bringing extensive experience in investment banking and project development in West Africa. Fortuna anticipates that West Africa will contribute approximately 100,000 ounces to its gold production this year, representing 27% of its total gold equivalent ounces.