November 18, 2024
Fortuna Mining Corp. (TSX: FVI, NYSE: FSM, previously Fortuna Silver Mines Inc.) announced its production figures for the third quarter on October 10. With a total of 110,820 oz gold equivalent, production is lower than in recent quarters, but the company is on track to meet its forecast for 2024. Lindero and Séguéla stand out positively, while there were energy supply problems at Yaramoko and San José will enter progressive closure at the end of the year. The financial figures published on November 6 reflect the high metal prices and the leverage effect. Compared to the same quarter of the previous year, sales rose by 13%, operating profit increased by 32% and net profit by 84%. Fortuna is reporting a positive cash position for the first time. The aim is to take advantage of opportunities throughout the portfolio and continue to benefit from the high prices.