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Fortuna Silver/FSM (ex Roxg: 133k oz.> 200k oz)


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Fortuna vs Silver. updated

FSM ... 1/2021: 1/2022:  $3.99 +0.13 / 22.03= 18.1%, sil-28.65 at 12.19.23

12.27.22: $3.96 +0.12 / 22.11= 17.9%, sil-29.41

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Roxgold (ROGFF) shareholders receive 0.283 of a Fortuna share

"receive 0.283 of a Fortuna share". so $5.00 x0.283= $1.415 for ROGff x1.252 = C$1.77 ROXG (4.2/5.0= C$1.49)

FSM vs- AGQ. Apr'16: 5yrW: 2yr: 1yr: 10d / 12.25.22: $3.96 +0.12, yr.L:2.05 /Agq $32.25= 12.3%

Prev.: 8.12.21: $4.20 -0.24, yr.L:4.13 / Agq $32.25= xx%

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Pre-merger:  ROXG / Roxgold ... All: 10yr: 5yr: 3yr : 2yr: 1yr: 10d / Last: C$ 1.23

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Q1 RESULTS, excerpt

Financial

  • Sold 30,126 ounces of gold for a total of $48.0 million in gold sales (32,798 ounces and $42.8 million respectively in Q1 20191)
  • Achieved an adjusted EBITDA2 and adjusted EBITDA margin2 of $19.8 million and 41% respectively in 2020 compared to $18.3 million and 46% in Q1 2019
  • Generated improved cash flow from mining operations2 totalling $25.4 million for cash flow from mining operations per share2 of $0.07 (C$0.09/share)
  • Adjusted net income2 of $4.2 million ($0.01 per share) compared to $4.0 million ($0.01 per share) in Q1 2019
  • Produced a mine operating margin2 of $938 per ounce and a return on equity2 of 11%

Growth          

  • Delivered a PEA for Séguéla Gold Project with after-tax NPV of $268 million and 66% IRR at a gold price of $1,450 per ounce and an NPV of $379 million and 88% IRR at a gold price of $1,730 per ounce
  • Reported an updated Mineral Resource Estimate for the Séguéla Gold Project in January 2020 with Total Indicated Mineral Resources increasing 7% to 529,000 ounces and Inferred Mineral Resources increasing 1,286% to 471,000 ounces
  • Announced multiple high grade results in Ancien deposit at Séguéla
  • New high grade discovery at Boussoura, Burkina Faso

 

“The start of 2020 has been an unprecedented time in the market and in our lives,” commented John Dorward, President and CEO of Roxgold. “While the world continues to adapt and manage the current pandemic, Roxgold has faced this adversity with characteristic attentiveness and rigour. Our regional teams have done an impressive job – employing foresight and initiative to introduce comprehensive protocols at all our sites and offices to manage and mitigate the impacts of COVID-19 on our employees and contractors. As a result, Yaramoko continues to operate well with a strong quarter to start the year as the mine reported tonnages and grades ahead of expectations. Based on the quarterly results, we have maintained our production and cost guidance, while acknowledging that should a prolonged COVID-19 related interruption occur there could be an impact on current guidance.”

Looking ahead, we recently announced the results of the PEA for our Séguéla Gold Project in Côte d’Ivoire, which returned exceptional prospective project economics. Séguéla has been a substantially value accretive acquisition for Roxgold, as the project has the potential to double our production within a short timeframe without undue dilution to our shareholders. Further, the PEA is just a snapshot in time of the potential value of Séguéla. It is our belief that, with continued drilling success, there is the potential to add significant production ounces and value to the project. We have identified several opportunities to expand and optimize the PEA, which we intend to evaluate as we proceed towards a Feasibility Study, which is well underway and with an anticipated completion in early 2021.”

2020 Operating Outlook

  • Gold production between 120,000 and 130,000 ounces
  • Cash operating cost2 between $520 and $580/ounce
  • All-in sustaining cost2 between $930 and $990/ounce
  • Non-sustaining capital spend of $5-$10 million
  • Growth spend (includes Exploration and Séguéla study spend) of $15-$20 million

Based upon Q1 production results, Roxgold is slightly ahead of expectations and remains on track to deliver between 120,000 and 130,000 ounces of production from Yaramoko...

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ROXGOLD REPORTS 77.2 GPT OVER 6.0 METRES IN NEAR-SURFACE DRILLING AT 55 ZONE, YARAMOKO MINE COMPLEX

Toronto, Ontario – September 30, 2020 - Roxgold Inc. (“Roxgold” or the “Company”) (TSX: ROXG) (OTCQX: ROGFF) is pleased to announce near-surface infill drilling results from the 55 Zone at the Yaramoko Mine Complex, drilled as part of a review of opportunities for near-surface mineralization to complement our high-grade underground operations.

Yaramoko Mine Complex, Burkina Faso:

Highlights from infill Reverse Circulation (“RC”) drilling

  • 6 metres (“m”) at 77.2 grams per tonne gold (“g/t Au”) in drill hole YRM-19-RC-55Z-003 from 38m including
    • 1.0m at 107 g/t Au from 39m and
    • 1.0m at 220 g/t Au from 42m
  • 6m at 49.5g/t Au in drill hole YRM-19-RC-55Z-005 from 41m
  • 11m at 10.1 g/t Au in drill hole YRM-19-RC-55Z-012 from 14m
  • 4m at 16.2 g/t Au in drill hole YRM-19-RC-55Z-017 from 40m
  • 5m at 7.2 g/t Au in drill hole YRM-19-RC-55Z-006 from 40m including
    • 1.0m at 30.2 g/t Au from 41m
  • 2m at 29.5 g/t Au in drill hole YRM-19-RC-55Z-019 from 41m including
    • 1m at 56.1 g/t Au from 41m
  • 6m at 23.8 g/t Au in drill hole YRM-19-RC-55Z-052 from 13m
  • 3m at 11.3 g/t Au in drill hole YRM-19-RC-55Z-004 from 35m
  • 7m at 6.6 g/t Au in drill hole YRM-19-RC-55Z-032 from 36m

“Earlier this year we initiated a review of near-surface mineralization opportunities across the Yaramoko property to complement our high-grade underground operations. This review identified the near-surface portions of 55 Zone that extend outside of the existing underground Mineral Resource as a priority target,” stated John Dorward, President and CEO. “Drilling results which included 6m at 77g/t Au from 38m in YRM-19-RC-55Z-003 highlight the substantial opportunity that remains in the near-surface environment to extend the mine life at Yaramoko.  These results will be incorporated into an interim Mineral Resource and Reserve update to be released in the fourth quarter of 2020.

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Fortuna and Roxgold announce business combination

Kitco News |

(Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) and Roxgold (TSX: ROXG) (OTCQX: ROGFF) announced today that they have entered into a definitive agreement whereby Fortuna will acquire all the issued and outstanding securities of Roxgold pursuant to ...

ROXG / Roxgold Inc. (TSE)  ... update: C$2.21 + 0.29, +15.1%. 27.9 Million shares
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Weak gold prices might be part of the problem

With gold stronger, ROXG is higher

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Roxgold triples net income in Q1 2021 on strong production and higher gold prices

Kitco News |

(Kitco News) - The company’s net income was $5.6 million in Q1 2021 compared to net income of $1.9 million in Q1 2020.

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Fortuna Silver Mines Completes US$712 Million Takeover of Roxgold

The company after shareholders of both companies voted this week to approve the transaction, which sees Roxgold (ROGFF) shareholders receive 0.283 of a Fortuna share and C$0.001 in cash for each share held.

"The successfully completed business combination creates a low-cost intermediate gold and silver producer with four operating mines and a permitted development project. The company will benefit from a robust exploration pipeline and expanded presence in the Americas and West Africa, two of the fastest growing precious metals producing regions in the world." Fortuna chief executive Jorge Ganoza said in a release.

Fortuna shares were last seen down C$0.12 to C$6.79 on the Toronto Stock Exchange, while Roxgold (ROGFF), which will be delisted within three trading days, was up C$0.01 to C$1.90.

Price: 6.79, Change: -0.12, Percent Change: -1.74

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Peak after bid was :  C$2.35 / 0.283= C$8.30 / 1.25= US6.64

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Expected Merged Market Cap of approximately C$1.1 billion
CONSIDERATION
• Exchange ratio of 0.283 of a Fortuna share plus C$0.001 in cash per common share of Roxgold
• Implies a price of approximately C$2.73 per Roxgold share based on the closing price of Fortuna shares on the TSX on
April 23, 2021 ( 42.1% premium to the closing price of Roxgold’s shares on April 23, 2021)
Current Values: FSM: $5.31 x1.245= C$6.61 x 0.283 + C$0.001= C$

FSM / Fortuna Silver Mines ... update: 10d / Last: $5.31 +0.18

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July 2nd: Fortuna and Roxgold complete combination to create a global premier growth-oriented intermediate gold and silver producer

Jorge A. Ganoza, President and CEO of Fortuna, commented, “The successfully completed business combination creates a low-cost intermediate gold and silver producer with four operating mines and a permitted development project. The company will benefit from a robust exploration pipeline and expanded presence in the Americas and West Africa, two of the fastest growing precious metals producing regions in the world.” Mr. Ganoza added, “We look forward to a successful integration and to continue building the business in West Africa on the solid foundations cemented by Roxgold.”

John Dorward, President and Chief Executive Officer of Roxgold, commented, “I would like to thank the Roxgold shareholders for their support. I am very proud of the Roxgold team and what we accomplished together and believe Fortuna is now positioned with one of the best organic growth pipelines among any of the intermediate precious metal producers, supported by peer-leading free cash flow generation, increased scale and diversification, and a lower cost of capital.”

===

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Roxgold (ROGFF) shareholders receive 0.283 of a Fortuna share

"receive 0.283 of a Fortuna share". so $5.00 x0.283= $1.415 for ROGff x1.252 = C$1.77 ROXG (4.2/5.0= C$1.49)

FSM vs- AGQ, SLV... from Apr.2016: 5yrW: 2yr: 1yr: 6mo: 10d / Update: 8.12.21: $4.20 -0.24, yr.L:4.13

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Ratio: xx

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Fortuna Silver reports record sales and consolidated EBITDA margins above 45% in second quarter

Kitco News |

(Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) today reported Q2 2021 net income of $16.2 million, adjusted net income of $21.5 million, and adjusted EBITDA of $54.9 million, compared to a net loss of $5.7 million, adjusted net loss of $5.1 ...

Additionally, Fortuna noted that it had completed the business combination with Roxgold on July 2, 2021 creating a low-cost intermediate global precious metals producer with extensive brownfields and greenfields organic growth potential in the Americas and West Africa.

President and CEO Jorge A. Ganoza commented, "In spite of COVID-19 related challenges at Lindero, which have led us to revise guidance for the year, our second quarter results continue to reflect the strength of our business with record sales of $120.5 million and consolidated EBITDA margins above 45%."

"We look forward to the contribution of the Roxgold acquisition to our financial performance starting in Q3, with the forecasted addition of 62,000 to 66,000 gold ounces of production from the Yaramoko mine for the second half of 2021 at an AISC below $1,150 per ounce," added Ganoza.

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traded as low as... $3.81 / 9.85 H= 38.6% ... 61.8%= $6.09

FSM / Fortuna Silver Mines ... update: 10d / Last: $4.39 +0.26 /. Sep $4C

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Fortuna Silver reports 411% gold production jump in third quarter

truck44.png(Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) today reported that its gold production in Q3 2021 increased 411% to 65,425 ounces compared to 12,791 ounces produced in Q3 2020.

The company's lead production of 8,245,289 pounds was 23% higher compared to Q3 2020, and zinc production of 12,436,276 pounds was 21% higher compared to Q3 2020.

However, Fortuna Silver reported that its Q3 2021 silver production of 1,711,881 ounces was 20% lower compared to Q3 2020 (2,127,746 ounces).

The company said that its Lindero mine in Argentina produced record 26,235 ounces of gold in Q3 2021, which was in line with guidance.

Fortuna added that quarterly performance at the company's San Jose mine in Mexico was "as expected", and that year-to-date production results aligned with guidance. The San Jose mine produced 1,436,658 ounces of silver and 8,910 ounces of gold in Q3 2021.

The company's Yaramoko mine in Burkina Faso produced 28,751 ounces of gold in Q3 2021 with an average gold head grade of 7.28 g/t, which was slightly below the plan for the quarter.

Importantly, the company said that its Caylloma mine in Peru "outperformed" in Q3 2021, with 12% increase in gold production, 23% increase in lead production and a 21% increase in zinc production compared with the third quarter of 2020.

> https://www.kitco.com/news/2021-10-12/Fortuna-Silver-reports-411-gold-production-jump-in-third-quarter.html

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CHART update:  Lows in place?

FSM : 5yr: 2yr; YTD: 10d / Last: $4.27 + 0.13

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FSM- etc ... update: $4.27 / GDXJ: xx = xx%

xx

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the size of the Drop was a surprise to me alsoFSM: 3.79 +0.57, +17.7% ... update: 5yr-W: 2yr: 1yr:

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BUZZ-Fortuna Silver Mines jumps on key green nod from Mexico

Reuters7:12 AM (UTC-05:00) Eastern Time (US & Canada) Dec 20, 2021

** U.S.-listed shares of Canadian miner Fortuna Silver Mines FSM.N [FVI.TO] up 14.9% at $3.7 premarket

** FSM announces that Mexico's environmental body has granted it 12-year extension of key environmental impact authorization for its San Jose mine

** While the San Jose mine has been in operation since 2011, its main environmental authorization had expired on Oct. 23, despite company efforts since May to petition the environment ministry to approve a 10-year extension [see story]

** Up to last close, stock had fallen ~61% this year

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Fortuna Silver Mines (TSE:FVI) Upgraded to "Outperform" by BMO Capital Markets

December 21, 2021 | MarketBeat

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) was upgraded by equities research analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. The firm currently has a C$7.25 target price on the stock, up from their previous target price of C$5.75. BMO Capital Markets' target price points to a potential upside of 43.85% from the stock's current price.

Several other equities analysts have also recently commented on the stock. CIBC dropped their target price on shares of Fortuna Silver Mines from C$7.75 to C$6.00 in a research report on Wednesday, November 24th. Canaccord Genuity raised shares of Fortuna Silver Mines from a "sell" rating to a "hold" rating in a report on Friday, November 19th. Pi Financial cut shares of Fortuna Silver Mines from a "buy" rating to a "neutral" rating in a report on Friday, November 12th. National Bank Financial lowered their price target on shares of Fortuna Silver Mines to C$7.00 and set a "sector perform" rating on the stock in a report on Friday, September 10th. Finally, National Bankshares lowered their price target on shares of Fortuna Silver Mines from C$7.00 to C$6.50 and set a "sector perform" rating on the stock in a report on Monday, November 15th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$6.84.

TSE FVI traded up C$0.14 during trading hours on Tuesday, hitting C$5.04. The company's stock had a trading volume of 1,056,304 shares, compared to its average volume of 1,047,773. Fortuna Silver Mines has a 52 week low of C$3.77 and a 52 week high of C$12.61. The company's 50-day simple moving average is C$5.19 and its two-hundred day simple moving average is C$5.77. The company has a current ratio of 0.96, a quick ratio of 0.67 and a debt-to-equity ratio of 15.53. The company has a market capitalization of C$1.47 billion and a PE ratio of 13.70.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its earnings results on Thursday, November 11th. The company reported C$0.10 EPS for the quarter, missing the Thomson Reuters' consensus estimate of C$0.13 by C($0.03). The business had revenue of C$204.70 million for the quarter. Research analysts anticipate that Fortuna Silver Mines will post 0.55 EPS for the current fiscal year.

In other Fortuna Silver Mines news, Senior Officer Juan Manuel Ruiz-Conejo acquired 8,500 shares of Fortuna Silver Mines stock in a transaction that occurred on Friday, December 3rd. The stock was acquired at an average cost of C$4.13 per share, for a total transaction of C$35,105.00. Following the purchase, the insider now owns 215,795 shares of the company's stock, valued at C$891,233.35.

> More: https://www.marketbeat.com/instant-alerts/tse-fvi-a-buy-or-sell-right-now-2021-12-2-3/

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FSM / Fortuna Silver Mines... update / Last: $3.66

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FSM ... 5yr: 3yr: 2yr: Ytd: 10d/ Last:

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Fortuna increases silver and gold production in Q3, reiterates its 2022 guidance

Kitco News |

(Kitco News) - On Thursday, Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) announced that in Q3 2022, the company produced 66,344 ounces of gold, an increase of 1.4% over Q3 2021, as well as 1,837,506 ounces of silver, up 7.3% over Q3 2021.

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Update.  Showing some relative strength... at last after weak 2021

FSM ... 1/2021: 1/2022:  $3.96 + 3.1%

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1/2021: 1/2022:  $3.96 + 3.1%

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VIDEOS

"The market is paying you enough for your Gold production.

The two big mines (100k pa) from Roxgold acquisition are worth as much as your market cap.  And now you have to FORCE the market to realize the value you have.  The way to do that, is with a clean balance sheet.  You need to pay down your debt, and pay a dividend."

Fortuna Silver discusses 3rd quarter earnings, updates Séguéla gold Project

A Global Gold and Silver Producer With Four Operating Mines - Fortuna Silver Mines (TSX: FVI)

 

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  • drbubb changed the title to Fortuna Silver/FSM (ex Roxg: 133k oz.> 200k oz)
  • 3 weeks later...
FSM ... 5yr: 1yr: 10d/ Last: 3.54 -0.14  (R: 2.05 to 4.675 )
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==
Mine

Fortuna Silver reports record production of 401,878 gold equivalent ounces in 2022

Kitco News |

(Kitco News) - The company said that gold equivalent production is forecast to be between 412 to 463 thousand ounces in 2023 (a projected increase of between 3 to 15% over 2022).

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Mine

Fortuna Silver says illegal blockade at its San Jose mine lifted, operations resumed

Kitco News |

(Kitco News) - Fortuna Silver Mines reported on Thursday that the illegal blockade at its San Jose mine in Mexico has been lifted.

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Fortuna Silver Mines Inc. reported the successful first gold pour at its Seguela Mine in Cote d'Ivoire, marking the mine's transition from commissioning to the ramp-up phase. The achievement highlights Fortuna's operational capabilities and adds a fifth operating mine to its portfolio. The company expects the Seguela Mine to contribute a substantial amount of gold production in 2023, showcasing the strength and growth potential of Fortuna's mining operation.

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