Fortuna Silver Mines is a mining company focused on the exploration, extraction, and production of silver and gold, primarily in Latin America
The company operates several mines and holds multiple development projects, leveraging advanced mining techniques to enhance operational efficiency and sustainability. Fortuna is committed to responsible mining practices, aiming to minimize environmental impact while contributing positively to the communities in which it operates. Through a combination of strategic acquisitions and organic growth, Fortuna Silver Mines seeks to expand its resource base and deliver value to its shareholders.
The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points.
Gold hits record high above $2,790 on dovish central bank moves and demand from safe-haven seeking investors. Fed holds rates steady but hints at potential cuts.
Fortuna Silver released drill results this morning, that included 23.7 g/t gold over 17.8 meters at their Kingfisher prospect at Seguela, as well as infill and extension drilling at Badior, and deep drilling at Ancien.
Fortuna Silver Mines shares are trading lower by 15% during Wednesday's session. The company announced an offering of convertible senior notes worth $150 million.
So far, it looks like the SilverSqueeze top at $30.32 may hold, turning strong resistance into strong support, and giving us a firm base to climb to $50.
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance
Fortuna Silver Mines reported strong Q1 production, with 89,678 oz of gold and 1.1M oz of silver. The company aims to grow with projects in Senegal and Côte d'Ivoire.
Fortuna Silver Mines reports strong production in Q1 2024 from its mines in West Africa and Latin America. Gold and silver production up and FY24 guidance reaffirmed.
