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.

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Fortuna Mining Corp

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Post by Hourglass11on Jul 14, 2010 4:13pm

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Post# 17269506

Morgan report

FVI: Record Net Income in Q1

Morgan Report (07/08/2010)
"Fortuna's silver/zinc/lead Caylloma mine (currently at 1,200 tpd) has permitting underway to increase it to 1,500 tpd. Production in the San Jose Project is projected to get underway in 2011. . .when Fortuna is expected to deliver 5 Moz. silver eq. The company announced record net income for Q110 of US$5.3M, compared with a net loss of US$1.06M in Q109. Cash flow was up and silver production increased 30% over the same time a year ago. Working capital sat at $72M. To date, management has shown great consistency in following through with its expansion plans and has remained faithful to its stated business model."

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