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Stock impact report

Fortuna announces sale of Yaramoko Mine, Burkina Faso [Yahoo! Finance]

Fortuna Silver Mines Inc Ordinary Shares (Canada) (FSM) 
Last fortuna silver mines inc ordinary shares (canada) earnings: 3/11 06:56 pm Check Earnings Report
US:NYSE Investor Relations: fortunasilver.com/investors
Company Research Source: Yahoo! Finance
pleased to announce it has entered into a definitive share purchase agreement (the “ Agreement ”) to sell its interest in Roxgold Sanu SA (“ Roxgold Sanu ”) which owns and operates the Yaramoko Mine, together with the Company's three other wholly-owned Burkina Faso subsidiaries which hold exploration permits in country (together with Roxgold Sanu, the “ Acquired Companies ”) to Soleil Resources International Limited (“ SRI ”) (the “ Transaction ”). SRI is a private Mauritius company which operates three mines, holds exploration permits, and owns a drilling company all in Burkina Faso. Following the completion of the Transaction, Fortuna will cease to have any operations in Burkina Faso. Jorge A. Ganoza, President and CEO, commented, “Considering the limited remaining life of mineral reserves at Yaramoko (approximately one year), the cessation of our exploration activities in-country, and the increasingly challenging business climate in Burkina Faso, the Transaction represents a prud Show less Read more
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