National Bank of Canada in a Tuesday
note gave Fortuna Silver Mines (FVI.TO) a
sector-perform rating and a price target of
$7.50.
The bank ascribed a neutral bias after
Fortuna released assays from its exploration
program at the Yessi vein of the San Jose
mine in Mexico
Yessi vein mineralization now extends
over a 350-meter strike and a 450-meter
vertical profile where it remains open up
and down-dip as well as along strike to
the southeast. Highlight intercepts include
12.60 g/t gold equivalent over 8.1 meters,
16.14 g/t gold equivalent over 3.0 meters
and 2.18 g/t gold equivalent over 17.5
meters.
National Bank said the high grade intercepts
at Yessi were encouraging and maintains
potential for an extension to San Jose
operations beyond the fourth quarter, with
higher metal prices adding support