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Fortuna Mining Corp FSM


Primary Symbol: T.FVI Alternate Symbol(s):  T.FVI.DB.U

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc., is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan. The Seguela Mine in Cote d’Ivoire consists of the Antenna, Koula, Agouti, Boulder, Ancien, and Sunbird deposits, which will be mined via open-pit methods. Its Yaramoko Mine is in the Hounde greenstone belt region in the Province of Bale in southwestern Burkina Faso. The Lindero Mine is in Salta, Argentina. The San Jose Mine in the Taviche Mining District, Oaxaca, Mexico, produces silver and gold. Caylloma Mine in the Caylloma District of Arequipa, Peru.


TSX:FVI - Post by User

Post by templetooth2on Jun 14, 2021 10:40pm
638 Views
Post# 33386512

Financial suicide

Financial suicide
If this merger proceeds, Fortuna will find it impossible to maintain the fiction they're deserving of a silver premium. In pretty short order, their gold production will make the silver an afterthought.

Some little while back I calculated that this thing was worth no more than about $4 US in comparison to other mid-tier golds.

I wouldn't go so far as to say this company would continue to enjoy the silver premium if the Roxgold deal were rejected. But if the shareholders vote yes and the deal is approved, look out below. The Japanese have a word for this procedure: seppuku or hari-kari.

Count me out. I just had the pleasure of voting against.
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