Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Drilling at Karakara continues to improve our understanding of the prospect's potential, returning several high-grade intercepts including a highlight intersection of 31.3 g/t Au over an estimated true width of 12.0 meters in drill hole DSDD243. The exploration team is looking forward to utilizing the improved understanding of the geological controls on gold mineralization to further advance the regional exploration programs." Mr. Wee ...

All drilling data completed by the Company utilized the following procedures and methodologies. All drilling was carried out under the supervision of the Company's personnel. All diamond drilling (DD) drill holes started with HQ sized diameter, before reducing to NQ diameter diamond drill bits on intersecting fresh rock. The core was logged, marked up for sampling using standard lengths of one meter or to a geological boundary. Samples were then cut into equal halves using a diamond saw. One half of the cor ...

Fortuna Silver Mines (FSM) is a stock many investors are watching right now. FSM is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 12.79. This compares to its industry's average Forward P/E of 33.07. Over the past year, FSM's Forward P/E has been as high as 7,184.73 and as low as -8,857.34, with a median of 7.73. Finally, our model also underscores that FSM has a P/CF ratio of 8.25. This metric focuses on a firm's operating cash flow and is o ...

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VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) hereby announces the voting results at the Company's annual and special meeting of shareholders held on June 20, 2024 (the "Meeting"). A total of 153,562,018 common shares were represented at the Meeting, being 50.16% of the Company's issued and outstanding common shares as at the record date. Shareholders voted in favor of all matters brought before the Meeting, including the appointment of audit ...

Detailed results of the votes on the election of directors are as follows: It is anticipated that the Company's common shares and the 4.65% senior subordinated unsecured convertible debentures (the "4.65% Debentures") will commence trading under the Company's new name within two to five business days after the name change, subject to the satisfaction of conditions acceptable to the Toronto Stock Exchange (the "TSX") and the New York Stock Exchange (the "NYSE"). There will be no change to the ticker symbols ...

At Ancien, an additional 3,255-meter, 11-hole infill drill program was completed during the second quarter of 2024 to further refine the controls on the high-grade mineralized shoots at depth. This followed the previously reported results (refer to Fortuna news release dated December 12, 2023). Séguéla Mine, Côte d'Ivoire Qualified Person Fortuna Silver Mines Inc. is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru. Sustainabilit ...

In the constantly changing world of investments, determining which stocks to buy can be a frustrating task. However, market turmoil should not be a reason to ignore certain salient features of companies that promise stability and growth in their business. In this article, we present three such stocks that have shone not only because of their long-term potential but also due to their solid business fundamentals. These companies showcase operational excellence, resiliency, and strategic financial management, ...

The Company intends to use the net proceeds from the Offering to repay bank indebtedness, to fund working capital requirements, for general corporate purposes and to fund the repayment of its existing 4.65% senior subordinated unsecured convertible debentures (the "Debentures"), to the extent that such Debentures are not converted into shares prior to the redemption date. VANCOUVER, British Columbia, June 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (TSX: FVI) (NYSE: FSM) ("Fortuna" or the "Compan ...

VANCOUVER, British Columbia, June 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (TSX: FVI) (NYSE: FSM) ("Fortuna" or the "Company") has closed its previously announced offering of 3.75% convertible senior notes due 2029 (the "Notes") in an aggregate principal amount of US$172.5 million (the "Offering"), which includes exercise of the full amount of the option to purchase an additional US$22.5 million aggregate principal amount of Notes. The initial conversion rate for the Notes is 151.7220 common s ...