Fortuna Silver Mines Inc. (T:FVI)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | SUITE 650, 200 BURRARD ST VANCOUVER BC V6C 3L6 |
| Tel: | N/A |
| Website: | https://www.fortunasilver.com |
| IR: | See website |
| Key People | ||
| Jorge A. Ganoza Durant President, Chief Executive Officer, Director | Luis Dario Ganoza Durant Chief Financial Officer | Julien Baudrand Senior Vice President - Sustainability |
| Eric Chapman Senior Vice President - Technical Services | Paul Weedon Senior Vice President - Exploration | Cesar Velasco Chief Operating Officer, Latin America | David Whittle Chief Operating Officer - West Africa |
| Business Overview |
| Fortuna Silver Mines Inc. is a Canada-based precious metals mining company with five operating mines in Argentina, Burkina Faso, Cote d'Ivoire, Mexico, Peru, and West Africa. Its operated mines include Caylloma Mine, Lindero Mine, San Jose Mine, Seguela Gold, Yaramoko Mine, and Diamba Sud. The Caylloma mine is located in the Caylloma mining district, approximately 225 kilometers northwest of Arequipa, Peru. Its San Jose Mine produces silver and gold. Its Caylloma Mine produces silver, gold, zinc, and lead. The San Jose Mine is located in the Taviche Mining District in central Oaxaca, southern Mexico. The Yaramoko Mine is situated in the Hounde greenstone belt region in the Province of Bale in southwestern Burkina Faso. The property is located approximately 200 kilometers southwest from the capital city of Ouagadougou. Its Seguela Mine in Cote d'Ivoire consists of the Antenna, Koula, Agouti, Boulder, Ancien, and Sunbird deposits. The Lindero Mine is in the cold and dry Argentine Puna. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Fortuna Silver Mines Inc revenues increased 24% to $842.4M. Net loss decreased 60% to $50.8M. Revenues reflect sango segment increase from $0K to $154.2M, Burkina Faso segment increase of 18% to $228.8M, Zinc Production-Caylloma Mine increase of 19% to 25K metric tons. Lower net loss reflects Impairment of mineral properties, plant, decrease of 50% to $90.6M (expense). |
| Employees: | 2,490 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,140M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,154M as of Dec 31, 2023 |
| EBITDA (TTM): | $465.07M as of Dec 31, 2023 |
| Net annual income (TTM): | -$69.64M as of Dec 31, 2023 |
| Free cash flow (TTM): | $109.05M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $186.46M as of Dec 31, 2023 |
| Shares outstanding: | 305,744,039 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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