Fortuna provides update on status of disputed royalty at the San Jose Mine [Canadian Business Journal (Canada)]
Fortuna Silver Mines Inc Ordinary Shares (Canada) (FSM)
Last fortuna silver mines inc ordinary shares (canada) earnings: 3/11 06:56 pm
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Source: Canadian Business Journal
VANCOUVER, British Columbia, Dec. 01, 2020 (GLOBE NEWSWIRE) —Fortuna Silver Mines Inc.(NYSE: FSM) (TSX: FVI)BackgroundIn 2017, the Mexican Geological Service (“SGM”) advised the Company that a previous owner of one of the Company’s mineral concessions at the San Jose Mine, had granted to SGM a royalty of 3% of the billing value of the minerals obtained from the concession. At the date of the Company’s acquisition of the concession, the royalty was not disclosed to the Company and it did not appear on the electronic title register at the Mining Registry although it is listed in the official record books of the concessions of the Mining Registry. The Company obtained advice from external legal counsel which confirmed that there was no legal basis for the creation of the royalty and that it was invalidly created. The Company initiated legal proceedings to uphold its position that no royalty is payable.Administrative ProceedingsIn 2018, the Company initiated administrative proceedings (th
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FSM
Earnings
- 3/6/24 - Miss
FSM
Sec Filings
- 4/22/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/8/24 - Form 6-K
- FSM's page on the SEC website