Fortuna Mining Corp T.FVI

Alternate Symbol(s): FSM

Metals & Mining Silver

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

Fortuna Mining Corp

Bullboard Posts

Post by Hourglass11on Jul 14, 2010 4:08pm

918 Views

Post# 17269482

BMO coverage

BMO Initiates Coverage of FVI

ANDREW KAIP, BMO Capital Markets (07/12/2010)
"BMO Research is initiating coverage of Fortuna Silver Mines with an Outperform rating and C$3.20 target price. FVI has demonstrated sound operational capabilities, having restarted and ramped up production rates at its Caylloma mine to a Q110 annualized rate of 5.5 Moz. silver eq. (using BMO Research assumptions) over the course of 12 months. The company has initiated development of a second mine (San Jose) that is expected to increase production ~77% by 2013, with startup scheduled in mid-2011. Investment in FVI is supported by an attractive valuation relative to peers. BMO Research expects FVI's share price to appreciate as development milestones are achieved at San Jose."

Bullboard Posts

Unique Battery Metals opportunity in Quebec