Fortuna Mining Corp (NYSE:FSM)
$ 4.32 -0.09 (-2.04%) Market Cap: 1.36 Bil Enterprise Value: 1.43 Bil PE Ratio: 61.88 PB Ratio: 1.02 GF Score: 81/100
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Fortuna Silver Mines Inc at 121 Mining Investment London Conference Transcript

May 24, 2022 / 09:00AM GMT
Release Date Price: $3.42 (+1.18%)
Jorge Ganoza
Fortuna Silver Mines Inc. - President, CEO & Director

Good morning. This is our footprint today. Fortuna operates in two continents, five countries. Last year, we closed the acquisition of Roxgold expanding our business from Latin America into West Africa.

These are our quarterly results for Q1. We are exhibiting for three quarters now the strength of our business. We have a consolidated gold equivalent production of about 103,000 ounces of gold for the period. So we're tracking for roughly 400,000, 420,000 ounces of gold equivalents for the year in line with our guidance.

And these are -- this is low-cost production. So 67,000 ounces of gold in the period, 1.7 million ounces of silver, and byproduct lead and zinc.

Sales for the quarter, $180 million in sales. That's a significant growth over a year ago, driven mainly by the better performance that we're exhibiting at our Lindero Mine in Argentina and the contribution of our Yaramoko Mine in West Africa.

Adjusted EBITDA, a robust $80 million for the period. We're running the business with EBITDA

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