Key Developments: Fortuna Silver Mines Inc (FSM)
2.87USD
23 May 2013
$0.08 (+2.87%)
$2.79
$2.88
$2.92
$2.81
73,389
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Latest Key Developments (Source: Significant Developments)
Fortuna Silver Mines Inc Reaffirms FY 2013 Production Guidance
Fortuna Silver Mines Inc announced that it is on schedule to meet guidance and produce 4.4 million ounces of silver and 23,300 ounces of gold in fiscal 2013. Full Article
Fortuna Silver Mines Inc Reaffirms FY 2013 Production Guidance
Fortuna Silver Mines Inc announced that for fiscal 2013 it expects production of 4.4 million ounces of silver and 23,300 ounces of gold. Full Article
Fortuna Silver Mines Incs' Subsidiary Signs Acquisition And Option Agreement For Taviche Oeste Concessions from Pan American Silver Corp's Subsidiary
Fortuna Silver Mines Inc announced that Compania Minera Cuzcatlan S.A. de C.V. a wholly owned subsidiary of the Company and Plata Pan American S.A. de C.V., a wholly owned subsidiary of Pan American Silver Corp have entered into an acquisition and option agreement for the 6,254 hectare Taviche Oeste Concessions immediately surrounding the San Jose Mine in Oaxaca, Mexico. Cuzcatlan will purchase a 55% undivided interest in the Taviche Oeste Concessions for a cash payment of USD4.0 million. Once a production decision is made to develop ore from the Taviche Oeste Concessions, Cuzcatlan will purchase the remaining 45% undivided interest in the property for USD6.0 million. Plata Pan American will retain a 2.5% net smelter royalty on ore production from this property. The transaction is expected to close January 30, 2013. Full Article
Fortuna Silver Mines Inc Issues FY 2013 Production Guidance
Fortuna Silver Mines Inc announced that for fiscal 2013, it expects produce 4.4 M oz of silver and 23.3 k oz of gold. Full Article
Fortuna Silver Mines Inc Raises FY 2012 Production Guidance
Fortuna Silver Mines Inc announced that it expects to exceed its fiscal 2012 guidance of 3.7 million ounces of silver and 17,400 ounces of gold. Full Article
Fortuna Silver Mines Inc Announces Results Of Completed Exploration Drilling Of Bateas Vein At Caylloma Mine
Fortuna Silver Mines Inc announced the results of recently completed exploration drilling of the Bateas Vein at the Caylloma Mine located in Arequipa, Peru. A nineteen hole drill program was completed in late April to explore extensions of high-grade mineralization in the Bateas vein system. Production from the Bateas Vein is currently sourced from the 12th level and constitutes approximately 18% of the silver ounces delivered to the mill. The results of drill holes are as follows: BATS006411 - 637 grams/tonne (g/t) Ag over 1.70 meters (m) from 158.50 m; BATS008112 -858 g/t Ag over 0.45 m from 210.35 m, BATS008412 - 748 g/t Ag over 0.75 m from 101.70 m; BATS008612 - 2,390 g/t Ag over 0.20 m from 68.80 m, BATS008712 - 639 g/t Ag over 0.80 m from 63.40 m; BATS008812 - 745 g/t Ag over 2.00 m from 82.00 m. Full Article
Fortuna Silver Mines Inc. Issues FY 2012 Production Guidance
Fortuna Silver Mines Inc. announced that for fiscal 2012 it expects silver production of 3.7 million ounces and gold production of 17,400 ounces or 4.6 million Ag Eq ounces plus base metal credits (Ag = USD30/oz, Au = USD1,660/oz; metallurgical recoveries of 88% and 90% for Ag and Au respectively). Full Article
Fortuna Silver Mines Inc Gets Added to the S&P/TSX Composite Index
Fortuna Silver Mines Inc announced that it has been added to the Canadian equity market S&P/TSX Composite, effective on Monday, December 19, 2011. Full Article
Fortuna Silver Mines Inc. Applies For New York Stock Exchange Listing
Fortuna Silver Mines Inc. announced that it has been authorized to apply to list its common stock on the New York Stock Exchange (NYSE). The application was submitted on August 25, 2011. Other details were not disclosed. Full Article
Fortuna Silver Mines Inc. Begins Commercial Production At San Jose Mine, Mexico
Fortuna Silver Mines Inc. announced that it began commercial production at its San Jose silver-gold mine in Oaxaca, Mexico. The construction of the wholly-owned mine was initiated in March 2010 and was concluded on-time and on-budget, with a total construction capital investment of approximately USD 55 million. San Jose is expected to produce 520,000 ounces of silver and 4,600 ounces of gold in 2011, and 1.7 million ounces of silver and 15,000 ounces of gold in 2012 at an estimated cash cost per silver ounce of US$5.04, net of by-products. Full Article
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