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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

Post by kidderpeabodyon Jun 15, 2024 5:16pm
234 Views
Post# 36090751

I'm Impressed

I'm ImpressedI recently sold my Silvercorp shares and bought into Fortuna. I am rather impressed with the Sgula Mine in Cte d’Ivoire and the five different open pit scenerios available not to mention what is possible with some more exploration. The Koula deposit has an intersection of 14 meters at 4.3 g/t Au which is almost unheard of. And the Sgula Mine operations just began in late 2023 with an eight year mine life. This operation is going to be a real money maker.

I also read the balance sheet and see Fortuna has for it's shareholders Retained Earnings of $113,899,000. Retained earnings are almost unheard of.

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