Fortuna Silver Mines Inc. is pleased to announce that it has completed its previously announced bought deal offering of senior subordinated unsecured convertible debentures . The Company issued an aggregate principal amount of US$40 million Debentures at a price of US$1,000 per Debenture. The Debentures mature on October 31, 2024 and will bear interest at a rate of 4.65% per annum, payable semi-annually in arrears on the [...]
Fortuna Silver Mines Inc. is pleased to announce the start of pre-production mining at its 100 percent owned Lindero gold Project located in the Province of Salta, Argentina. Initial blasting on Mineral Reserves commenced in early September and the mine is planned to build stockpiles of reserves ahead of stacking on the leach pad. Jorge A. Ganoza, President, CEO and Director, commented, “The start of pre-production [...]
Fortuna Silver Mines Inc. today announced that it has entered into an agreement with a syndicate of underwriters, co-led by CIBC Capital Markets and Scotiabank, who have agreed to purchase, on a "bought deal" basis, US$40,000,000 aggregate principal amount of senior subordinated unsecured convertible debentures , at a price of US$1,000 per Debenture. The Company has also granted the Underwriters an over-allotment option [...]
Fortuna Silver Mines Inc. deeply regrets to report that a fatal accident involving a contractor’s employee occurred on August 18, 2019 at the San Jose mine located in Oaxaca, Mexico. The accident involved a scooptram operating underground, and the individual fatally injured was the driver. There were no other injuries related to the accident. The appropriate government and local authorities were immediately notified [...]
Fortuna Silver Mines Inc. today reported net income of $10.3 million, adjusted net income of $7.2 million, and adjusted EBITDA of $27.2 million for the second quarter of 2019. Jorge A. Ganoza, President and CEO, commented, “Our results in the second quarter a reflect strong financial performance in spite of a challenging price environment for silver, with adjusted net earnings per share of 6 cents, adjusted EBITDA [...]
Fortuna Silver Mines Inc. announces that it will release its financial statements and MD&A for the second quarter of 2019 on Wednesday, August 7, 2019 after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, August 8, 2019 at 9:00 a.m. Pacific | 12:00 p.m. Eastern. Hosting the call will be Jorge A. Ganoza, President and CEO, and Luis D. Ganoza, Chief Financial [...]
Fortuna Silver Mines Inc. is pleased to report production results for the second quarter of 2019 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.4 million ounces of silver and 13,497 ounces of gold plus base metal by-products. Silver and gold production for the first six months totaled 4.6 million ounces and 26,811 ounces respectively; being [...]
Fortuna Silver Mines hereby announces the voting results at the Company’s annual general meeting held on June 20, 2019. A total of 106,646,841 common shares were represented at the meeting, being 66.58% of the Company’s issued and outstanding shares as at the record date. Shareholders voted in favour of all matters brought before the meeting including the appointment of auditors, and the election of [...]
As a result of the quarterly review, S&P Dow Jones Indices will make the following changes in the S&P/TSX Composite Index prior to the open of trading: S&P/TSX COMPOSITE INDEX – June 24, 2019 COMPANY GICS SECTOR GICS SUB-INDUSTRY ADDED Frontera Energy Corp. Energy Oil & Gas Exploration & Production DELETED CES Energy Solutions Corp. Energy Oil & Gas Equipment & Services DELETED Fortuna Silver Mines Inc. Materials Silver [...]
Fortuna Silver Mines Inc. reports that Jorge A. Ganoza, Chief Executive Officer of the Company, has increased his equity position in the Company by acquiring 170,000 common shares on the open market at an average price of US$2.59 per share. An insider report filing reflecting the share acquisition has been made on the SEDI website at www.sedi.ca. About Fortuna Silver Mines Ltd. Inc. Fortuna is a growth oriented, precious [...]
Fortuna Silver Mines Inc. today reported net income of $2.2 million, adjusted net income of $8.4 million, and adjusted EBITDA of $23.8 million for the first quarter of 2019. Jorge A. Ganoza, President and CEO, commented, “Production and cash costs at our Caylloma and San Jose mines for the first quarter underpin a solid start for the year with EBITDA margins of 40 percent. Our cash flow generation objectives remain [...]
Fortuna Silver Mines Inc. is pleased to announce the publication of its first Sustainability Report, prepared using the Global Reporting Initiative Standards: Core Option as a guide. The report provides information on the Company’s safety, environmental, social, and economic performance in 2018. Jorge A. Ganoza, President and CEO, commented, “I am pleased to present our first Sustainability Report which [...]
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