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Fortuna Silver Mines Inc. - FSM STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fortuna Silver Mines's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fortuna Silver Mines's position in the market.

News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.58%
Tags
none
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.64%
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none
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.54%
Tags
none
News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
conferences
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News
Fortuna to attend 121 Mining Investment London Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
conferences
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News
Fortuna reports record production and financial results for the third quarter of 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
earnings
News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
earnings
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
none
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News
Fortuna to release third quarter 2023 financial results on November 8, 2023; Conference call at 12 p.m. Eastern time on November 9, 2023
Rhea-AI Summary
Fortuna Silver Mines Inc. will release its unaudited financial statements and MD&A for Q3 2023 on November 8, 2023. A conference call to discuss the results will be held on November 9, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.04%
Tags
earnings
News
Fortuna pays down $40 million of debt from increased cash flow
Rhea-AI Summary
Fortuna Silver Mines Inc. pays down $40 million of its revolving credit facility, reducing total net debt by approximately $65 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
none
Stock FSM logo
Fortuna Silver Mines Inc.

NYSE:FSM

FSM Rankings

#2135 Ranked by Market Cap
#1768 Ranked by Stock Gains
N/A Ranked by Dividends

FSM Stock Data

1.43B
303.27M
0.77%
44.57%
1.75%
Silver Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Vancouver

About FSM

fortuna silver mines is positioned for sustainable growth with two, 100%-owned operating silver mines and extensive property holdings in peru and mexico. formed in 2005, the company has established a reputation as an efficient mine builder and operator. today, fortuna is one of latin america's fastest-growing silver producers with production forecast to grow from 2.5 million ounces of silver and 7,000 ounces of gold, plus base metals, in 2011 to approximately 5 million oz of silver and 26,000 oz of gold, plus base metals by 2014. fortuna's land package of 87,000 hectares offers attractive opportunities for driving organic growth. a 44,000-meter drill program is underway to examine multiple silver and gold targets at the san jose and caylloma mines.ver menos