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Last C$3.39 CAD
Change Today +0.21 / 6.60%
Volume 678.0K
As of 4:00 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

fortuna silver mines inc (FVI) Snapshot

Open
C$3.19
Previous Close
C$3.18
Day High
C$3.45
Day Low
C$3.17
52 Week High
02/2/15 - C$6.30
52 Week Low
08/26/15 - C$2.96
Market Cap
437.4M
Average Volume 10 Days
591.2K
EPS TTM
C$0.10
Shares Outstanding
129.0M
EX-Date
--
P/E TM
26.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for FORTUNA SILVER MINES INC (FVI)

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fortuna silver mines inc (FVI) Details

Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of silver and gold properties in Latin America. The company’s principal assets include Caylloma mine, which produces silver, gold, zinc, and lead commodities located to the northwest of Arequipa, Peru; and the San Jose silver-gold mine located in the central portion of the state of Oaxaca, Mexico. It sells lead, silver, zinc, gold, and silver concentrates to international metals traders. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is headquartered in Vancouver, Canada.

697 Employees
Last Reported Date: 03/12/15
Founded in 1990

fortuna silver mines inc (FVI) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $520.0K
Chief Financial Officer and Chief Compliance ...
Total Annual Compensation: $300.0K
Vice President of Operations
Total Annual Compensation: $300.0K
Vice President of Exploration
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2014.

fortuna silver mines inc (FVI) Key Developments

Fortuna Provides Exploration Update for the San Jose Mine, Mexico

Fortuna Silver Mines Inc. provided a Brownfields exploration update for the San Jose Mine in Oaxaca, Mexico including results for step-out drilling of the Trinidad North zone and for surface sampling of the La Noria and San Antonio vein systems located approximately 2 kilometers to the west of the Trinidad vein system. Assay results are included for fifteen drill holes completed during the first semester of 2015, subsequent to the Mineral Resource and Mineral Reserve estimates reported as of December 31, 2014. The new drill results confirm the continuation of high-grade gold and silver mineralization along strike of the Trinidad vein system to the north, albeit over narrow vein widths, but nevertheless offering potential for the discovery of a new ore shoot as exploration proceeds to the north.

Fortuna Silver Mines Inc. Announces Consolidated Earnings for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

Fortuna Silver Mines Inc. announced consolidated earnings for the second quarter ended June 30, 2015. For the quarter, the company reported sales of $38.9 against $44.3 million a year ago. Net income amounted to $0.2 million or $0.02 basic per share against $2.9 million or $0.08 basic per share a year ago. Income before tax was $4.3 million against $7.4 million a year ago. Cash flow from operations, before changes in working capital, increased 157% to $6.8 million against $15.1 million a year ago. The decrease in cash flow is mostly related to timing issues in the payment of income taxes at Mexican operation. EBITDA was $12.4 million. Expenditures in mineral properties, plant and equipment was $16.8 million for the year. This is around 24% of planned annual capital expenditures. Operating income was $4.8 million, 37% below second quarter of 2014. The main driver for lower income and sales was a lower realized silver price, which fell 17% to $16.30 per ounce. This negative price effect was partially compensated by higher base metals sold of 40% and 22% for zinc and lead, and slightly higher silver and gold sold of 2% and 3%. Silver sold for the quarter was 1.64 million ounces and gold sold was 8,672 ounces. For the third quarter, the company is forecasting CapEx around $25 million to $30 million as the drive tailings projects at San Jose is commissioned and the planned expansion at San Jose as well gains momentum. The effective tax rate would be 71% for the quarter. For the year 2015, the effective tax rate would be 53% and CapEx guidance is expected to be $70 million for the year.

Fortuna Silver Mines Inc., Q2 2015 Earnings Call, Aug 10, 2015

Fortuna Silver Mines Inc., Q2 2015 Earnings Call, Aug 10, 2015

 

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FVI:CN C$3.39 CAD +0.21

FVI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Americas Silver Corp C$0.16 CAD +0.005
Aurcana Corp C$0.14 CAD 0.00
Endeavour Silver Corp C$2.21 CAD +0.20
Great Panther Silver Ltd C$0.54 CAD +0.03
Silvercorp Metals Inc C$0.94 CAD +0.05
View Industry Companies
 

Industry Analysis

FVI

Industry Average

Valuation FVI Industry Range
Price/Earnings 30.9x
Price/Sales 2.3x
Price/Book 1.3x
Price/Cash Flow 30.7x
TEV/Sales 1.3x
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