Fortuna Silver Mines Inc.

Update: Fortuna Silver Produces 6.6 Million Ounces Of Silver In 2014
Jan. 18, 2015 1:26 AM ET  |  About: Fortuna Silver Mines (FSM)

Disclosure: The author is long FSM. (More...)
Summary

   Fortuna Silver produced more silver than expected, but there probably won?t be any production growth in 2015.
   No surprises here, and the company does a good job to explain where the higher-than-expected AISC at San Jose is coming from.
   The investment thesis remains unchanged. Fortuna Silver might offer the best value in the sector right now.

Fortuna Silver (NYSE:FSM), which is one of the best-run silver companies out there, has announced its production results for 2014 and has already issued a production, cost and capex guidance for this year. There were no real surprises as the company reported a total production of 6.6 million ounces of silver and 35,300 ounces of gold for a total silver-equivalent production of 8.7 million ounces which was in line with the expectations. Both the Caylloma and San Jose mines performed as they should (they actually produced, respectively, 8% and 11% more silver than originally expected) and this emphasizes Fortuna's hands-on approach and potential to continue to yield strong production results.

Fortuna Silver's production growth curve will probably pause in 2015, as the company is guiding for a production of 6.5 million ounces of silver and 35,300 ounces of gold which is almost exactly the output of last year. The AISC is expected to be around $16/oz. for the San Jose mine and $13/oz. at Caylloma. The AISC at San Jose might sound high, but that's mainly due to a necessary upgrade at the company's plans for the tailings. Without this (non-recurring) expense, the AISC at San Jose would very likely have been around the $10-10.50 mark which is pretty good. Fortuna will also spend almost $13M on the expansion of the San Jose mill and the expansion to 3,000 tonnes per day (which is a throughput increase of 50%) should be ready by the summer of 2016 so I do expect the production growth to pick up again from H2 2016 on.

2015 will be a boring year for Fortuna Silver, but I'm already looking forward to 2016 as the expansion to 3,000tpd will be completed. This should increase the output by roughly 2 million ounces of silver per year from 2017 on and will be the next step in Fortuna's continuous production growth. Looking at the results and plans of several other silver mining companies, Fortuna Silver seems to be the best of the pack.

Quelle: The Investment Doctor  

http://seekingalpha.com/article/...47a373ec204d&uprof=82&dr=1  

 

Silver miners? Q1?16 fundamentals

The world?s elite silver miners just finished reporting their operating results from 2016?s first quarter, and they were impressive.  This industry continued to drive its costs lower even as silver finally started mean reverting out of mid-December?s deep secular low.  The silver miners are beautifully positioned to enjoy soaring operating profits as silver?s young new bull market continues gradually marching higher on balance..

http://www.mining.com/web/silver-miners-q116-fundamentals/

 

Silberproduzent, da hab ich gleich mal ne kleine Position aufgebaut. Der Hebel zum Silberpreis dürfte sehr gut sein :-)

 

Fortuna Silver Mines meldet Produktionszahlen für Q2/17:

Second Quarter Production Highlights

   

• Silver production of 2,116,863 ounces; 36 % increase over Q2 2016
  
  
•    Gold production of 14,547 ounces; 55 % increase over Q2 2016
     
  
• Lead production of 7,170,027 pounds; 19 % decrease over Q2 2016
     
  
• Zinc production of 10,613,417 pounds; 5 % decrease over Q2 2016
  

Quelle: https://www.fortunasilver.com/investors/news/2017/...nd-quarter-2017/

 

Fortuna Silver Mines meldet Quartalszahlen für Q2/17:

• Second quarter consolidated financial highlights:
  
  
• Sales of $63.9 million, compared to $44.5 million in Q2 2016
• Net income of $8.9 million, compared to net loss of $1.4 million in Q2 2016
• Earnings per share of $0.06, compared to a net loss per share of $0.01 in Q2 2016
• Adjusted EBITDA of $26.4 million and Adjusted EBITDA margin over sales of 41%
• Cash flow from operations before changes in non-cash working capital of $16.7 million, compared to $7.4 million in Q2 2016
• Cash position, including short term investments, and working capital as at June 30, 2016 was $188.0 million and $186.8 million, respectively
• Silver and gold production of 2,116,863 and 14,547 ounces, respectively
• AISCC* per ounce of payable silver was $8.22
  

Quelle: https://www.fortunasilver.com/investors/news/2017/...nd-quarter-2017/

 

Fortuna Silver Mines hat sich entschlossen das Lindero Goldprojekt zu bauen, auf den ersten Blick schreckt mich die "Initial Capex" von 239 Mio. $ etwas ab, auf den zweiten Blick die IRR von 18% (Base Case Gold 1250$/oz):
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFVI-2508208
 

Guten Abend zusammen !

Ist noch jemand aktiv bei Fortuna ?  Ich denke wir sind an einer etwas stärkeren Unterstützung angekommen und die Chancen auf einen Rebound sind nicht schlecht .

Ich habe die Aktie schon mehrfach angestartet  - aber der nachhaltige Rebound blieb bis jetzt ja aus.

Fundamental denke ich ist Fortuna eine der besten Aktien auf dem Sektor .

Was denkt ihr ? ist hier der Boden ?

Schönen Abend zusammen

Gonzo 14  

Fortuna Silver meldet Produktionszahlen für Q3/17

Silver production of 2,009,362 ounces; 4 % decrease over Q3 2016
--  Gold production of 13,412 ounces; 5 % decrease over Q3 2016
--  Lead production of 7,650,040 pounds; 3 % increase over Q3 2016
--  Zinc production of 11,241,371 pounds; 6 % increase over Q3 2016

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aFVI-2516033

 

Also von der Charttechnik her vielleicht dumm  - aber der erste Fuss ist in der Tür .

Wenn der Ceo einsteigt  , kann ich das auch . Wie immer zu früh  - aber was heisst das schon .

Ich denke Fortuna ist fundamental eine der besten und billigsten Aktien .

Guten Abend  zusammen

Gonzo  

Fortuna Silver Mines meldet Zahlen für Q3/17

Was ich bisher so gesehen habe, ist FSM sicher einer der besseren Silberproduzenten.

Third quarter consolidated financial highlights

• Sales of $64.0 million, compared to $65.2 million in Q3 2016
  
• Net income of $10.3 million, compared to $10.2 million in Q3 2016
  
• Earnings per share of $0.06, compared to $0.08 in Q3 2016
  
• Adjusted net income of $13.1 compared to $10.0 million in Q3 2016
• Adjusted EBITDA of $30.6 million and Adjusted EBITDA margin over sales of 48%
• Cash flow from operations before changes in non-cash working capital of $26.2 million, compared to $26.5 million in Q3 2016
• Cash position, including short term investments, and working capital as at September 30, 2017 were $195.8 million and $197.6 million, respectively
• Silver and gold production of 2,009,362 and 13,412 ounces, respectively
  
• AISC¹ per ounce of payable silver was $6.1
  

https://www.fortunasilver.com/investors/news/2017/...rd-quarter-2017/

 

Auf dem Niveau könnte sich ein Einstieg lohnen.
http://www.kitco.com/news/2017-11-09/...Remains-Profitable-In-3Q.html  

geht wohl noch weiter .

Nach meinem Empfinden eine normale Übertreibung nach unten . Bei ca 3,2 wird weiter aufgestockt,

Der Boss hat bei 4,5$ massiv gekauft  , die Kennzahlen stimmen . Sobald die Korrektur samt Krise kommt räumen wir das Feld von hinten auf . Ich verweise mal auf 01/2016 . Da sah es ähnlich aus .


Aber scheisse aussehen tuts natürlich trotzdem
 

Fortuna Silver meldet Produktionszahlen für 2017

2017 Consolidated Production Highlights

• Silver and gold production were 4 % and 8 % respectively above 2017 guidance
• Silver production of 8,469,593 ounces; 15 % increase over 2016 
  
• Gold production of 56,441 ounces; 21 % increase over 2016
  
• Zinc production of  44,347,035 pounds; 3 % increase over 2016 
• Lead production of 29,877,890 pounds;  9 % decrease over 2016
  

Zwar hat FSM sowohl die Goldprognose von 52,4 koz als auch die Silberprognose von 8,1 Moz übertreffen können, aber beim Ausblick für 2018 wird keine Produktionssteigerung erwartet. Fortuna Silver rechnet mit einem Abbau von 48,3 koz Gold & 8,3 Moz Silber zu AISC von 6,8 $/oz.

https://www.fortunasilver.com/investors/news/2018/...idance-for-2018/

 

Kannst du bitte das pdf_Dokument hier hochladen?  

Fortuna Silver Mines meldet Zahlen für 2017

2017 Consolidated Financial Statements and MD&A Highlights

• Sales of $268.1 million, compared to $210.3 million in 2016
• Net income of $66.3 million, compared to $17.9 million in 2016
• Adjusted net income of $48.6 million, compared to $18.1 million in 2016
• Earnings per share of $0.42, compared to $0.13 in 2016
• Adjusted EBITDA¹ of $122.0 million, compared to $83.1 million in 2016
• Impairment reversal at Caylloma of $31.1 million before taxes driven by a successful resource expansion
• Cash position, including short-term investments as at December 31, 2017 was $212.6 million
• $120.0 million credit facility in place with $80.0 million undrawn
• Silver and gold production of 8,469,593 ounces and 56,441 ounces, respectively
• AISC² per ounce of payable silver, net of by-product credits for gold, lead and zinc, was $6.4

Fourth Quarter 2017 Financial Statements and MD&A Highlights

• Sales of $75.4 million, compared to $57.9 million in the fourth quarter of 2016
• Net income of $34.1 million, compared to $6.5 million in the fourth quarter of 2016
• Adjusted net income of $12.3 million, compared to $7.1 million in the fourth quarter of 2016
• Adjusted EBITDA of $34.9 million, compared to $29.4 million in the fourth quarter of 2016
• Silver and gold production of 2,310,176 ounces and 15,283 ounces, respectively
• AISC per ounce of payable silver, net of by-product credits for gold, lead and zinc, was $5.2

 

Fortuna Silver Mines meldet Produktionszahlen für Q1/18

First Quarter Production Highlights

• Silver production of 2,401,458 ounces; 18 percent increase over Q1 2017
  
• Gold production of 15,041 ounces; 14 percent increase over Q1 2017
  
• Lead production of 7,039,703 pounds; 2 percent decrease over Q1 2017
• Zinc production of 11,028,463 pounds; 2 percent increase over Q1 2017
• Cash cost² for San Jose is US$65.3/t
• Cash cost² for Caylloma is US$78.7/t

 

Fortuna Silver meldet Ergebnisse für Q1/18

First quarter consolidated financial highlights:

• Sales of $70.4-million, compared with $64.8-million in Q1 2017;
  
• Net income of $13.8-million, compared with $13-million in Q1 2017;
  
• EPS (earnings per share) of nine cents, compared with eight cents in Q1 2017;
  
• Cash flow from operations of $20.1-million and adjusted EBITDA of $31.8-million compared with $8.9-million and $30.2-million in Q1 2017;
• Cash position, including short-term investments, as at March 31, 2018, was $217.3-million;
• Silver and gold production of 2,401,458 and 15,041 ounces, respectively;
  
• All-in sustaining cash cost (AISC) per ounce of payable silver was $2.11
  

https://www.fortunasilver.com/investors/news/2018/...st-quarter-2018/

 

Jetzt sollte das Ding aber mal endlich  im Kurs wieder Richtung 8€ hüpfen.
Bei den operativen Ergebnissen und einer Eigenkapitalquote um die 80% ist das eigentliich weiter ein Schnapper.
Aber Silber ist gerade nicht Mode.  

Fortuna Silver meldet Produktionszahlen für Q2/18

Second Quarter Production Highlights

• Silver production of 2,321,315 ounces; 10 percent increase over Q2 2017
  
• Gold production of  14,557 ounces; in line with Q2 2017
• Lead production of 7,186,541 pounds; in line with Q2 2017
• Zinc production of 11,436,243 pounds; 8 percent increase over Q2 2017
• Cash cost² for San Jose is US$60.5/t
• Cash cost² for Caylloma is US$76.9/t
  

https://www.fortunasilver.com/investors/news/2018/...quarter-of-2018/

 

Fortuna Silver meldet Ergebnisse für Q2/18

Second quarter consolidated financial highlights:

• Sales of $73.7 million, compared to $63.9 million in Q2 2017
  
• Net income of $11.2 million, compared to $8.9 million in Q2 2017
  
• Earnings per share of $0.07, compared to $0.06 in Q2 2017 
• Cash flow from operations of $21.9 million and Adjusted EBITDA of $35.2 million, compared to $12.0 million and $26.5 million, respectively, in Q2 2017
• Free cash flow excluding the Lindero construction of $9.1 million and $28.0 million year-to-date
• Cash position, including short term investments, as at June 30, 2018 was $198.3 million 
• Silver and gold production of 2,321,315 and 14,557 ounces, respectively
  
• AISC¹ per silver equivalent ounce^{2, 3} was $10.0 compared to $12.1 in Q2 2017
  

https://www.fortunasilver.com/investors/news/2018/...nd-quarter-2018/

 

Weiß jemand warum alle Edelmetallmienen steigen und Fortuna Silver um 11% einbricht?  

Fortuna Silver meldet Produktionszahlen für Q2/18

Third Quarter Production Highlights

• Silver production of 2,230,465 ounces; 11 percent increase over Q3 2017
• Gold production of  12,542 ounces; 6 percent decrease over Q3 2017
• Lead production of 7,575,541 pounds; 1 percent decrease over Q3 2017
• Zinc production of 11,482,583 pounds; 2 percent increase over Q3 2017
• Cash cost2 for San Jose is US$63.30/t
• Cash cost2 for Caylloma is US$88.53/t
  

https://www.fortunasilver.com/investors/news/2018/...quarter-of-2018/

+ heftige Regenfälle führen zum Überlaufen von Behältern

"Fortuna Silver Mines Inc.  reports that in the early morning of October 8^th, abnormally high rainfall caused a contingency pond to overflow at the dry stack tailings facility at the San Jose mine located in Oaxaca, Mexico. The contingency pond collects water from a ditch system at the dry stack facility designed to capture and manage rain water. The Company wants to emphasize that no industrial process water was discharged in this incident and that the San Jose operation uses a cyanide-free process to produce concentrate.

The dry stack contingency pond's holding capacity is 7,000 cubic meters and it is equipped with a 600 cubic meter per hour pumping capacity that was surpassed by the volume of rain fall. The overflow occurred for about two hours at approximately 4:00 am and resulted in the spill of approximately 1,500 cubic meters of water carrying sediment and minor amounts of fine tailings from the facility's drainage system into the nearby Coyote Creek. The Company is mitigating the risk of future overflows by immediately increasing its pumping capacity at the contingency pond. No damage has occurred to the tailings dam or to the dry stack infrastructure and both are fully operational. San Jose tailings are monitored and sampled continuously, are free of heavy metals or other contaminants, and are characterized as sterile.

Officials at the Procuraduría Federal de Protección al Ambiente (PROFEPA) were notified of the overflow on the day of the incident. The Company is currently working with federal, state and local authorities as they conduct inspections of our facilities at San Jose and the Coyote Creek."

 

Fortuna Silver meldet Ergebnisse für Q3/18

Third quarter consolidated financial highlights:

• Sales of $59.6 million, compared to $64.0 million in Q3 2017
  
• Net income of $6.9 million, compared to $10.3 million in Q3 2017
  
• Earnings per share of $0.04, compared to $0.06 in Q3 2017
  
• Net cash provided by operations of $21.5 million and adjusted EBITDA of $24.2 million, compared to $20.3 million and $30.6 million, respectively, in Q3 2017
  
• Free cash flow, excluding Lindero construction costs,1 of $13.6 million and $42.2 million for the three and nine months ended September 30, 2018
  
• Cash position, including short term investments, as at September 30, 2018 was $176.7 million
  
• Silver and gold production totaled 2,230,465 and 12,542 ounces compared to 2,009,362 and 13,412 in Q3 2017
  
• AISC1 per silver equivalent2 ounce was $10.8 compared to $11.1 in Q3 2017
  

https://www.fortunasilver.com/investors/news/2018/...rd-quarter-2018/