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Stock impact report

Fortuna reports consolidated financial results for the third quarter 2019

Fortuna Mining Corp. Common Shares (FSM) 
Last fortuna mining corp. common shares earnings: 3/11 06:56 pm Check Earnings Report
US:NYSE Investor Relations: fortunasilver.com/investors
Company Research Source: GlobeNewswire
VANCOUVER, British Columbia, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) today reported a net loss of $7.7 million, adjusted net income of $1.9 million, and adjusted EBITDA of $19.2 million for the third quarter of 2019.  Jorge A. Ganoza, President and CEO, commented, “On the strength of our two operating mines and improved metal prices, we generated adjusted EBITDA of $19.2 million with strong free cash flow from ongoing operations of $10.6 million in the third quarter of 2019.  These financial metrics are in spite of a challenging quarter from an operating perspective as our mine sequencing at San Jose yielded lower grades and we experienced a peak in our quarterly cash cost for the year.  Both our production and costs are expected to be aligned with our plan in Q4 and we confirm our full-year production and cost guidance.”  Mr. Ganoza continued, “In Argentina, the lower Peso created an unrealized foreign exchange loss of $8.3 million relati Show less Read more
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