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Fortuna Silver Mines Inc. (FVI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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5.320.00 (0.00%)
At close: 4:00PM EDT
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  • S
    Apart from the stock price which is subjective, the worst news for Fortuna in the 3rd Qtr is that Silver has slid back to 21 ish, very close to the cost to mine silver at Caylloma, but fortunately they are still working the unexpected gold vein they found that should help lower the usual AISC on silver, and they should still have around 50% COS on Silver at San Jose, but fortunately their earnings will be dominated by still increasing Gold production from Lindero, propelling them to record sales and earnings for another consecutive quarter and assuming a rise in PMs in the 4th qtr, another consecutive record breaking earnings report. And then you add everything from Roxgold, that is already profitable enough to cover the cost to build the new mine and their assets including cash strengthens the balance sheet immediately. I dont see how the share price doesnt rise substantially before the end of the year.
  • G
    Watch Michael Oliver videos about his momentum analysis. Metals will be lifting off sooner than later.
  • A
    I think people are looking at fortuna and see a well established company...with inflation only going higher silver mines/gold mines should open some peoples eyes. instead of cannabis companies lol
  • m
    mary minnekeer
    As usual gold and silver stocks get manipulated lower by the end of the day. I can not remember the last time they closed at a high .
  • B
    Silver is down 17.3% from 1 year ago. Why are all the ‘experts’ saying silver is going up? I have lost faith; and money
  • J
    Stock market correction way overdue. Computers do 90% of trading, so if it keeps dropping, can go a long way down. Expect some violent rallies but ultimately going down hard. Just my opinion. 25% of S&P 500 trades over 10 x sales so by any reasonable measure market overvalued.
  • S
    JP Morgan keep selling massive naked short contracts on paper silver and hammer down its price. Meanwhile it is buying real silver on the commodity market and preparing for inflation. NY feds just announced 4% inflation is permanent
  • m
    mary minnekeer
    Anyone has a good reason why silver is manipulated down about 7% in 2 days.
  • l
    Fortuna Silver Mines: To Sell Keon Capital Shares for Total Proceeds of C$51,536.50 >FVI.T
    Dow Jones Newswires

    Anyone know what that means to FSM's future?
  • S
    up suddenly with huge volume at open
  • M
    I'm gonna be rich
  • m
    mary minnekeer
    AS usual gold and silver manipulated lower in US trading ,who is spoofing the metals today ,JPM got a SMALL fine AGAIN for spoofing .
  • H
    Hold on, people! Adrian Day's latest (yesterday's) newsletter on Fortuna is extremely encouraging:

    New mine issues sees Fortuna cut guidance:
    Fortuna Silver (FSM.NY, 3.83) has also faced problems, including a slow ramp-up at Lindero in Argentina, challenges to its license and royalties at San Jose, now compounded by the normal difficulties of building a mine in a new jurisdiction in West Africa. In the quarter, the company experienced 16 days stoppage at Lindero, and it has revised its guidance for the full year because of delays caused by ongoing covid restrictions there. It now expects to produce only about two-thirds of earlier guidance, though the missed ounces are not lost but pushed into next year. The good news is that it is now able to have foreign specialists at site to help with the complex circuit. Moreover, grade reconciliation has proven to be very good, so once the mine is up and running, it should operate well. Although it reduced its guidance for gold, the company expects silver production, about 40% of revenue, to meet earlier guidance.

    In Côte D’Ivoire, the company is in detailed negotiations with the government on the mining convention for the Séguéla mine. Total capex is estimated at $150 million, with many of the larger items towards the end of the build; the company is confident that with existing cash, its credit facility, and ongoing cash flow it has sufficient funds to build the mine without additional equity. Fortuna ended the quarter with $122 million cash, net debt of $38 million, which is lower than expected following about $36 million in payments related to the purchase of Roxgold (change-of-control payments and payout of vested stock to employees).
    Some shareholders depart as new ones attracted to cash flow

    The stock continues to be weak on the back of ongoing problems at Lindero and San
    Jose. Moreover, with the purchase of Roxgold, Fortuna is losing its silver premium and
    adding an Africa discount. But the stock decline is overdone, trading at valuations below
    even inexpensive West African miners, and far below mid-tier precious metals miners
    (more so silver miners). It may take longer before the end of rotation of shareholders
    from silver-focused investors to those interested in the company’s compelling free cash
    flow generating possibilities, but this presents us with an opportunity. Fortuna is a very
    strong buy at these levels.
  • q
    At the point when I saw declarations everywhere I thought they were bots or that they were made up till I was persuaded and gave it a try and genuinely I don't regret the move I made on the grounds that I invested my reserve funds, and now my first speculation with him acquired me benefits of more than $87,000 and its still running! Steve continues to convey and procure predictable benefits for me. He's awesome
  • A
    you gotta love the volume so far...almost 4 million shares traded just 2 hours in.
  • A
    usgdf bucks the trend for miners on an eye candy headline---
  • m
    mary minnekeer
    Gold and silver manipulated down on a daily basis in US trading ,someone is doing the FED dirty work
  • J
    This really is an attractive stock at this level. They have secured a large supply of gold/silver. Lots of issues with ramp up delays and covid shut downs. Production is going to steadily increase from here. Depending on pricing of commodities, its quite likely they are earning close to $1.00/share by 2023-2024. Its both a value play and inflation hedge. The Peru mine only has appx 3-4 years left anyhow, so thats not much of an issue to be concerned about. They dont even need that mine.
  • T
    With our pres in office.. i'm going more and more outside of the country with my ventures of capital.. hehe THE MAX
  • R
    We reached the bottom at $5.35 as predicted half an hour ago and we are back to $5.42 heading to $5.50 soon