Fortuna divests Yaramoko mine for $130m, marking exit from 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
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Source: Yahoo! Finance
divest its ownership in Roxgold Sanu, the operator of the Yaramoko gold mine in Burkina Faso, and its other subsidiaries in a $130m (C$179.86m) deal. This transaction will mark Fortuna's exit from operations in Burkina Faso. SRI is a private company based in Mauritius that operates three mines and a drilling company in Burkina Faso. Under the terms of the agreement, SRI will acquire all issued and outstanding shares of the acquired companies. Fortuna will receive a total cash payment of approximately $130m, which includes a $70m consideration upon closing, a $57.5m cash dividend from Roxgold Sanu and the potential to receive up to an additional $53m related to value-added tax receivables, subject to certain conditions. Fortuna Mining president and CEO Jorge A. Ganoza said: “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 i
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- Fortuna Mining (NYSE:FSM) (TSE:FVI) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=FSM&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall StMarketBeat
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