Friday, January 6, 2017

Fortuna Silver Mines Inc - FVI.t

Fortuna Silver Mines Inc. - FVI.t operates two key producing mines. The San Jose Ag-Au Project is located within the Taviche Mining District located in southern Oaxaca, Mexico. The Caylloma Ag-Zn-Pb-Cu Mine is located in the Caylloma Mining District in the southern highlands of Arequipa, Peru.

The company's production forecast for 2016 is 7.0 million ounces of silver and 42,800 ounces of gold at a consolidated all-in sustaining cash cost of US$11.1 per ounce of silver.


On November 7, 2016 the company released NUMBERS
"Third quarter consolidated financial highlights:
  • Sales of $65.2 million, compared to $39.0 million in Q3 2015
  • Net income of $11.8 million and earnings per share of $0.09, compared to $2.6 million and $0.02, respectively, in Q3 2015
  • Adjusted net income of $10.0 million, compared to $2.7 million in Q3 2015
  • Net cash provided by operating activities of $28.5 million, compared to $17.9 million in Q3 2015
  • Cash flow from operations before changes in non-cash working capital of $26.1 million, compared to $9.4 million in Q3 2015
  • Cash position, including short term investments and working capital, at September 30, 2016 was $103.2 million
  • Silver and gold production of 2,089,506 and 14,111 ounces, respectively
  • AISC* per ounce of payable silver of $7.56