FSM Divests San Jose Mine, Signs Agreement to Sell Yaramoko Mine [Yahoo! Finance]
Fortuna Silver Mines Inc Ordinary Shares (Canada) (FSM)
Last fortuna silver mines inc ordinary shares (canada) earnings: 3/11 06:56 pm
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Source: Yahoo! Finance
This comes on the heels of FSM's announcement on Friday that it has inked a deal to sell the Yaramoko mine in Burkina Faso in West Africa, which will mark its exit from the country. Fortuna Mining shares hit a 52-week high of $6.61, before closing lower at $6.48 on Friday. Fortuna Mining had been operating the San Jose mine for thirteen years. In 2024, the mine produced 2.5 million ounces of silver and 17,811 ounces of gold. In December 2024, the company placed it on care and maintenance due to its higher operating costs and depleting reserves. The buyer, RC Ingeniería y Construcción S.A.C. (“JRC”), a private Peruvian company, completed the acquisition through a definitive share purchase agreement. Fortuna Mining received an upfront payment of $6.5 million and an additional $1.2 million is expected by April 30, 2025, for pre-paid working capital items and tax receivables. FSM also has the right to receive up to $8.3 million on completion of certain conditions. Fortuna Mining ret
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FSM
Earnings
- 8/6/25 - Miss
FSM
Sec Filings
- 12/8/25 - Form 6-K
- 12/3/25 - Form 6-K
- 11/28/25 - Form 6-K
- FSM's page on the SEC website