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Fortuna Mining Corp T.FVI

Alternate Symbol(s):  FSM

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

Bullboard Posts
Comment by parapooperon Apr 03, 2011 5:47am
425 Views
Post# 18378489

RE: Future Price

RE: Future PriceNot to mention FVI has trustworthy management with a record of profitability, shareholder friendliness and doing exactly what they said they would.
Aurcana management kept putting out releases about favorable financing options for the shafter mine and promised shareholders minimal dilution. Then they went and diluted 200%, for twice the money they said they needed before. Not only that, they did it just when silver stocks were taking off,  at a huge discount to share price and with warrants in the money. I wouldn't trust a word those clowns say about the timeline and production costs for Shafter. They are also pumped by Al "sell signal" Korelin.

I have a few shares of AUN just in case silver prices shoot to the moon, since questionably profitable companies should give more leverage in that scenario, but I wonder if I should even sell these since FVI is arguably cheaper now even if you believe AUNs overpromises.
Bullboard Posts