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Stock impact report

Investor Outlook: Fortuna Mining channels record cash into mine growth [BNN Bloomberg (Canada)]

Fortuna Silver Mines Inc Ordinary Shares (Canada) (FSM) 
Last fortuna silver mines inc ordinary shares (canada) earnings: 3/11 06:56 pm Check Earnings Report
US:NYSE Investor Relations: fortunasilver.com/investors
Company Research Source: BNN Bloomberg
The company says its strengthened balance sheet gives it flexibility to fund low-risk expansion over the next two years. BNN Bloomberg spoke with Jorge Ganoza, CEO of Fortuna Mining, about capital allocation priorities, resource growth at Diamba Sud and the timeline toward a final investment decision as the company prepares for its next phase of production growth. Key Takeaways Fortuna generated record free cash flow of US$132 million in Q4 and US$330 million for the year, strengthening liquidity and supporting growth spending. The company plans to deploy capital toward brownfield expansion at Séguéla, targeting annual production of 200,000 ounces from about 160,000 ounces currently. Indicated resources at Diamba Sud rose 73 per cent to 1.25 million ounces, forming the basis of a feasibility study due in May. A 2024 preliminary economic assessment outlined a 72 per cent internal rate of return and net present value of roughly US$600 million at a US$2,750 gold price. Mana Show less Read more
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