Fortuna Silver Mines Inc. regrets to inform of the sudden death of a 34-year old contractor’s employee at the Caylloma Mine, located in the province of Arequipa, on Sunday, July 5, 2020. The family and authorities have been promptly informed. The cause of death has not been determined at this time. In accordance with the Company’s health protocols [...]
Fortuna Silver Mines hereby announces the voting results at the Company’s annual general meeting held on June 18, 2020. A total of 74,313,716 common shares were represented at the meeting, being 46.22% of the Company’s issued and outstanding shares as at the record date. Shareholders voted in favour of all matters brought before the meeting [...]
Fortuna Silver Mines Inc. is pleased to announce that production activities have resumed at the San Jose Mine located in Oaxaca, Mexico. On March 31, 2020, the Government of Mexico announced extraordinary measures in response to the spread of COVID-19, which included the suspension of all non-essential activities, including mining, until April 30 [...]
Fortuna Silver Mines Inc. announces the closing of its previously announced bought deal equity offering . A total of 23,000,000 common shares were issued at a price of US$3.00 per Share for gross proceeds to the Company of US$69,000,000, which includes the exercise, in full, of the over-allotment option of an additional 3,000,000 Shares. The [...]
Fortuna Silver Mines Inc. today reported a net loss of $4.5 million, an adjusted net loss of $2.2 million, and adjusted EBITDA of $15.9 million for the first quarter of 2020. Jorge A. Ganoza, President and CEO, commented, “Our results in the quarter were marked by lower production at the San Jose Mine, negative metal price adjustments at the end of [...]
Fortuna Silver Mines Inc. announces that it has entered into an agreement with a syndicate of underwriters , led by Scotiabank and BMO Capital Markets, who have agreed to purchase, on a “bought deal” basis, 20,000,000 common shares of the Company at a price of US$3.00 per Share, for aggregate gross proceeds of US$60 million . The Company has also [...]
Fortuna Silver Mines Inc. is pleased to announce the following preliminary financial results for the first quarter of 2020: First Quarter of 2020 Highlights Preview Sales of $47.5 million, compared to $59.0 million in Q1 2019 Net loss of $4.5 million, compared to net income of $2.2 million in Q1 2019 Adjusted net loss1 of $2.2 million, compared to [...]
Fortuna Silver Mines Inc. provides an update on the resumption of its construction activities at the Lindero gold Project, located in the Province of Salta, Argentina. On March 19, 2020, the Government of Argentina declared a period of mandatory national “social isolation” in relation to COVID-19, effective until March 31, 2020. This period of [...]
Fortuna Silver Mines Inc. is pleased to announce that it has published its 2019 Sustainability Report prepared under the Global Reporting Initiative Standards. The report highlights the Company’s sustainability strategy, progress and performance against its environmental, social, and governance indicators and commitments. Jorge A. Ganoza, President [...]
Fortuna Silver Mines Inc. provides an update on discussions with its senior lenders to amend the financial covenants contained in its US$150 million credit facility . The Credit Facility requires the Company to maintain a total debt to EBITDA ratio of not greater than 3:1. As of the financial year ended December 31, 2019, the total debt to EBITDA [...]
Fortuna Silver Mines Inc. announces that it will release its financial statements and MD&A for the first quarter of 2020 on Thursday, May 14, 2020 after the market closes. A conference call to discuss the financial and operational results will be held on Friday, May 15, 2020 at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will [...]
Fortuna Silver Mines Inc. provides an update on the status of its operations at the Caylloma Mine in Peru , which is continuing to operate and contribute to the local economy during these challenging times for the world. On Sunday, March 15, 2020, the Government of Peru introduced a series of measures to contain the rapid spread of COVID-19 which [...]