Fortuna Silver Mines Inc.
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August 30, 2010: Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI)is pleased to announce the results of initial drilling completed in the Don Luis II vein at the Caylloma Mine located in southern Peru. The Don Luis II vein is located in the western portion of the Caylloma District where no prior development or mining has taken place. The vein outcrops over a strike length of approximately 400 meters and ranges from approximately 1 to 3 meters in width at the surface (see Fortuna news release dated May 12th, 2010). Twelve diamond drill holes totalling 2,283 meters have been completed to test the vein from near surface to approximately 200 meter depth.
Hole Id | From (m) | To (m) | Interval (m) | Estimated True Width (m) | Ag (g/t) | Au (g/t) |
DLUS000110 | 148.75 | 151.80 | 3.05 | 1.97 | 816 | 0.27 |
DLUS000210 | 89.95 | 91.90 | 1.95 | 1.95 | 142 | 1.81 |
DLUS000310 | 127.85 | 131.20 | 3.35 | 3.13 | 163 | 0.58 |
DLUS000410 | 93.30 | 93.80 | 0.50 | 0.35 | 864 | 0.07 |
DLUS000510 | 117.60 | 118.00 | 0.40 | 0.35 | 69 | 1.20 |
DLUS000610A | 96.10 | 97.15 | 1.05 | 0.91 | 255 | 2.58 |
DLUS000710 | 106.05 | 107.5 | 1.45 | 1.44 | 144 | 2.25 |
DLUS000810 | 144.00 | 144.70 | 0.70 | 0.37 | 238 | 0.17 |
DLUS000910 | 232.90 | 236.30 | 3.40 | 1.60 | 639 | 0.18 |
DLUS001010 | 140.00 | 141.00 | 1.00 | 0.91 | 621 | 1.41 |
DLUS001110 | 229.00 | 230.80 | 1.80 | 1.79 | 323 | 0.61 |
DLUS001210 | 137.70 | 139.55 | 1.85 | 1.81 | 149 | 1.49 |
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Expressed in US$ 000's, except per share data | |||||
6 MONTHS | YEARS ENDED | 2010 | 2009 | 2008 | 2007 |
Cash | 64,937 | 30,763 | 29,454 | 44,171 | |
Revenue | 32,108 | 51,428 | 24,867 | 29,610 | |
Income from operations | 14,863 | 14,383 | (5,593) | 100 | |
Net income (loss) | 11,276 | 623 | (910) | (2,607) | |
Operating cash flow | 8,868 | 13,686 | 8,356 | 12,377 | |
Earnings (loss) per share - diluted | 0.10 | 0.01 | (0.01) | (0.04) |
Aus der Firmenpräsentation vom September:
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October 14, 2010: Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) is pleased to announce production figures for third quarter of 2010 from the Caylloma Mine located in Arequipa, Peru. Year to date, Caylloma has produced 1.42 million ounces of silver and is on track to exceed the annual silver production forecast of 1.7 million ounces. The 1,500 tpd underground San Jose Mine located in Oaxaca, Mexico is scheduled to commence production on the third quarter of 2011 and an update on on-going construction activities will be issued in the upcoming days.
Q3 - 2010 | Q2 – 2010 | Q3 - 2009 | |
Processed ore (t) | 112,886 | 108,010 | 105,241 |
Head grade | |||
Ag (g/t) | 154.56 | 156.35 | 146.5 |
Zn (%) | 3.10 | 3.02 | 3.6 |
Pb (%) | 2.27 | 2.30 | 3.0 |
Cu (%) | 0.20 | 0.21 | -- |
Recovery (%) | |||
Ag (1) | 85 | 87 | 84.2 |
Zn | 88 | 88 | 88.6 |
Pb | 91 | 91 | 93.2 |
Cu | 51 | 54 | -- |
Metal produced | |||
Ag (oz) (2) | 474,489 | 470,310 | 438,186 |
Zn (lb) | 6,790,230 | 6,320,248 | 7,365,644 |
Pb (lb) | 5,147,788 | 4,966,619 | 6,391,201 |
Cu (lb) | 249,122 | 266,331 | -- |
(2) Ag production in Pb and Cu concentrate
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Fortuna’s San Jose Project on Schedule for Production in Q3 2011 October 20, 2010: Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) is pleased to provide an update on construction activities at its 100% owned San Jose silver-gold project in Oaxaca, Mexico. Construction of the US$ 56 million project is on schedule and budget for completion and commissioning of the mine in the third quarter of 2011. Construction Highlights
Jorge Ganoza, President and CEO, commented, “With the planned start-up of operations at San Jose ten months away, Fortuna is on a clear path to organically grow its consolidated annual silver production from the current 2 million ounces to 7 million silver equivalent ounces within twenty four months from start-up; at a cash cost below US$ 6 per ounce. Concurrent with construction activities, our exploration crews are advancing the exploration programs in the surrounding mineral concessions. Management is enthusiastic about the potential to increase silver and gold resources in this large and under explored 58,000ha land package. Drill recommendations for the San Ignacio and Taviche targets are currently under review and drilling is expected to commence towards year-end.” Water Sourcing On January 1st, 2010, a 15 year renewable agreement was signed with the Municipality of Ocotlan de Morelos, located 11 km north of the project site, to upgrade and manage their local sewage treatment plant in exchange for use of its residual water, source of 20% of the make-up water for the 1,500 tpd processing plant. The refurbished plant is now operational. Balance of the make-up water will be sourced from rain fall captured in a water reservoir. Construction of an 8” high density polyethylene pipeline to carry the water from the sewage plant to the project site is 84% advanced and scheduled to be completed in November 2010. Tailings Dam Construction of the tailings dam is 40% advanced and scheduled to be completed in December. Heavy rains during August and September have resulted in a two week delay in ground preparation. Provisions have been taken to recover lost time throughout the remainder of the construction. Power Substation On April 28th, 2009, the Mexican Federal Energy Commission granted authorization to connect the project to the national power grid. Construction of the transformer and switching stations are 46% and 57% advanced respectively and scheduled to conclude in February 2011. Processing Plant and Ancillary Facilities The Company is on time and on budget for commissioning the processing plant at an initial production rate of 1,000 tpd in the third quarter of 2011. Earth work and site preparation for the 1,500 tpd processing plant is 80% advanced and scheduled to be completed in November. The contractor will begin pouring concrete for foundations for the crushing station in the upcoming days. The project has no long lead items on critical path and purchase orders for all major plant equipment have been placed. The 13' x 19.5' ball mill with a capacity to treat ore for up to 1,500 tpd arrived on site in September. Underground Mine Development The Company is advancing with underground development and stope preparation for start up of production at an initial mining rate of 1,000 tpd in the third quarter of 2011. At this mining rate the operation is scheduled to produce 1.88 million Ag ounces and 16,000 Au ounces or 2.8 million Ag Eq ounces in the first year of operation. The main haulage ramp has an advance of 1,200 meters and the cross-cut on level 1430 into the Bonanza, Trinidad and Fortuna veins has an advance of 50 meters. The cross-cut intersected the Trinidad and the Fortuna veins with a width of 8 and 3 meters respectively. Assays are pending. Two new 6 yard LHDs are scheduled to arrive on site in late October. Qualified Person Mr. Miroslav Kalinaj, P. Geo., is the Company’s Qualified Person as defined by the National Instrument 43 – 101 and has verified the technical information in this news release. Fortuna Silver Mines Inc. Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Our primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Project in Mexico. The Company is selectively pursuing additional acquisition opportunities. For more information, please visit our website at www.fortunasilver.com. ON BEHALF OF THE COMPANY Jorge Ganoza President, CEO and Director Fortuna Silver Mines Inc. Symbol: TSX: FVI / Lima Stock Exchange: FVI Investor Relations: Management Head Office: Carlos Baca - Tel: +51.1.616.6060, ext. 2 Corporate Office: Ralph Rushton - Tel: +1.604.484.4085 |
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Hola Dirk, Financials should be filed this week along with news release. Earnings call should be held next week. Hedging for 2011 is not yet in place. Stay well, Carlos Carlos Baca Investor Relations Manager Fortuna Silver Mines Inc. TSX: FVI / LIMA STOCK EXCHANGE : FVI www.fortunasilver.com
Anmerkung: Meine Frage bezüglich des Hedging bezog sich auf die Metalle Zink und Blei. Die Produktion für 2010 ist zu 60% über Hedging abgesichert. Wieso es -bei den nach meiner Ansicht guten Preisen- kein Hedging für 2011 gibt ist mir nicht bekannt.
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- Cash flow from operations before changes in non-cash working capital of US$ 5.07 million, compared to US$ 2.66 million in Q3 2009
- Revenue of US$ 18.04 million, compared to US$ 13.23 million in Q3 2009
- Operating income of US$ 4.68 million, compared to US$ 4.39 million in Q3 2009
- Net loss of US$ 2.54 million, compared to a net loss of US$ 0.56 million in Q3 2009
- Silver production of 474,489 oz; 14% increase over Q3 2009
- Negative cash cost per ounce of payable silver of US$ 4.97, net of by-product credits; 5% decrease over Q2 2010
- Cash position (including short term investments) and working capital as at September 30, 2010 were US$ 55.2 million and US$ 58.67 million respectively
- Construction activities at the San Jose Ag-Au Project are on schedule and on budget
Jorge Ganoza, President and CEO, commented, “Fortuna is on track to deliver 1.9 million ounces of silver at a negative cash cost of US$ 7 per Ag ounce, net of by product credits, for 2010. In spite of a net loss of US$ 2.54 million attributable to the mark-to-market effect of our derivative contracts and a foreign exchange loss, Fortuna generated strong operating cash flow of US$ 5.07 million. With the commissioning of the San Jose silver-gold Mine on schedule for the third quarter of 2011, the Company projects to take annual silver production to a rate of 4.6 million silver equivalent ounces by 2012 and 7 million silver equivalent ounces by 2013, at a projected cash cost below US$ 6 per ounce.”
Conference call details:
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Hola,
I hope everything is going well for you.
Please click on the following link to see our latest corporate presentation: http://www.fortunasilver.com/i/pdf/Presentation.pdf
Construction at our San Jose Ag-Au Project remains on schedule and budget to commission the mine in 3Q 2011. Please click on the following link to see San Jose’s construction photo gallery: http://www.fortunasilver.com/s/SanJoseGallery.asp
Please do not hesitate in contacting us if you have any questions or comments.
Hope you can join us on today’s conference call.
Stay well,
Carlos
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VANCOUVER, Dec. 15 /PRNewswire/ -- Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) Mr. Jorge Ganoza, President&CEO, is pleased to announce the discovery and confirmation of two new high-grade silver ore shoots in the Bateas Vein, located in the central portion of the Caylloma Mine District. Recent underground channel sampling returned highlights of:
-- Gallery 315E: 52 meter interval averaging 1,284 g/t Ag, 0.08 g/t Au, 0.286% Pb, 0.424% Zn and 0.364% Cu over average vein width of 1.01 meters -- Chimney 303N: 12 meter interval averaging 945 g/t Ag, 0.05 g/t Au, 0.063% Pb, 0.105% Zn and 0.234% Cu over average vein width of 0.43 meters, open to Level 9 and above -- Chimney 308N: 32 meter interval averaging 998 g/t Ag, 0.06 g/t Au, 0.363% Pb, 0.541% Zn and 0.358% Cu over average vein width of 0.94 meters -- Gallery 309E: 92 meter interval averaging 1,108 g/t Ag, 0.06 g/t Au, 0.85% Pb, 1.21% Zn and 0.55% Cu over average vein width of 1.10 meters, open on strike to the northeast
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is pleased to announce that it has closed
the bought deal equity financing announced December 1, 2010 (the "Offering").
The Company has issued 11,500,000 common shares at a price of CAD$4.00 per
common share for gross proceeds of CAD$46,000,000.
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March 24, 2011: Fortuna Silver Mines Inc. (TSX: FVI / Lima Exchange: FVI) has filed its audited financial statements and MD&A for 2010. The full documents are available on SEDAR and have also been posted on the Company’s website at www.fortunasilver.com.
- Net income of US$ 12.96 million, compared to US$ 0.62 million in 2009
- Earnings per share of US$ 0.12, compared to US$ 0.01 in 2009
- Sales of US$ 74.06 million compared to US$ 51.43 million in 2009; increase of 44%
- Net cash from operating activities of US$ 21.02 million, compared to US$ 13.69 million in 2009, increase of 54%
- Cash position (including short term investments) and working capital as at year end were US$ 90.81 million and US$ 97.09 million respectively
- Record silver production: 1,906,423 oz, up 13% over 2009
- Silver accounted for 48% of revenue
- Cash cost per silver oz, net of by-product credits, was negative US$ 7.73
- Cash cost per tonne of ore was US$ 51.20 and the corresponding unit net smelter return (NSR) was US$ 163.59
Financial Results
Expressed in US$ millions | ||
Year ended December 31, | ||
2010 2009 | ||
Sales | $ | 74.06 $ 51.43 |
Mine operating income | 44.93 27.73 | |
Operating income | 30.11 14.38 | |
Net income | 12.96 0.62 | |
Cash flow from operations | 21.02 13.69 | |
Silver sold (oz million) | 1.89 1.65 | |
Cash cost per ag oz net of by-product credits (US$/oz) | (7.73) (4.86) |
During the year ended December 31, 2010, the Company generated net income of US$ 12.96 million (2009: US$ 0.62 million) on operating income of US$ 30.11 million (2009: US$ 14.38 million). Record results were driven by an increase in ounces of silver sold as well as higher silver and base metal prices.
Construction Highlights as of March 14, 2011:
- Processing plant construction is 33% complete. Foundation work for crushers, milling, flotation, thickening and filtering areas is complete. Mounting and installation of major plant equipment was initiated in January 2011. The 13' x 19.5' ball mill has been mounted where the milling section is 42% advanced. The three stage crushing circuit is being mounted and installed with a 66% advance. Flotation cells have arrived on site and thickeners are being mounted and installed.
- Tailings dam construction was concluded in January 2011.
- The 8MW power substation construction and commissioning has been concluded; connection to the national grid is expected in March 2011.
- The mine access ramp has reached the 1,400 meter elevation, where the first production level is being developed.
- Three stopes are being developed and prepared for the start of production in the third quarter at the initial rate of 1,000 tpd; stope K is being developed on the Trinidad, Fortuna and Bonanza veins on sub-level 1430. Stopes L and M are being developed on level 1400. Overall advance on stope preparation is 115% against the program.
- To December 31, 2010, the mine had built an ore stock pile of 6,816 tonnes grading 234 g/t Ag and 2.13 g/t Au. The Company anticipates having an inventory of approximately 30,000 tonnes before the start of commercial operations in the third quarter of 2011.
- Water pipeline installation to the mine site is 87% completed.
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2010 Financial Statements and MD&A Highlights:
- Net income of US$ 12.96 million, compared to US$ 0.62 million in 2009
- Earnings per share of US$ 0.12, compared to US$ 0.01 in 2009
- Sales of US$ 74.06 million compared to US$ 51.43 million in 2009; increase of 44%
- Net cash from operating activities of US$ 21.02 million, compared to US$ 13.69 million in 2009, increase of 54%
- Cash position (including short term investments) and working capital as at year end were US$ 90.81 million and US$ 97.09 million respectively
- Record silver production: 1,906,423 oz, up 13% over 2009
- Silver accounted for 48% of revenue
- Cash cost per silver oz, net of by-product credits, was negative US$ 7.73
- Cash cost per tonne of ore was US$ 51.20 and the corresponding unit net smelter return (NSR) was US$ 163.59
Für die nähere Zukunft:
San Jose Project
Construction activities are on schedule and within budget for completion and commissioning of the San Jose Mine in the third quarter of 2011. Once in operation at a rate of 1,500 tpd, the mine will produce 5 million silver equivalent ounces annually at a cash cost of US$ 6.20. Management is planning to achieve full production capacity within 24 months from the start of operations.
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April 12, 2011: Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) is pleased to announce updated mineral reserve and mineral resource estimates for the Caylloma Mine located in southern Peru and for the San Jose Project located in southern Mexico.
- Proven + Probable Reserves increased by 4.8% in terms of tonnes and 3.7% in contained silver, after replacement of 675,000 tonnes consumed through production at Caylloma. Contained gold decreased by 5.1%.
- Measured + Indicated Resources increased by 750% in terms of tonnes and 1790% and 1550% with respect to contained silver and gold.
- Inferred Resources increased by 47% in terms of tonnes and 17% and 14% with respect to contained silver and gold.
- Proven + Probable Reserves total 7.9M tonnes containing 45.1M oz silver and 238.9k oz gold.
- Measured + Indicated Resources total 2.3M tonnes containing 10.4M oz silver and 44.6k oz gold.
- Inferred Resources total 6.4M tonnes containing 34.7M oz silver and 215.9k oz gold.
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April 14, 2011: Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) is pleased to announce additional assay results from the discovery of two high-grade silver ore shoots in the Bateas Vein, located in the central portion of the Caylloma Mine District. Preliminary results were previously announced in a news release dated December 15, 2010.
- Gallery 309E: 160m interval averaging 1,225 g/t Ag, 0.06 g/t Au, 0.89% Pb, 1.23% Zn and 0.60% Cu over average vein width of 0.86m
- Gallery 315E: 57m interval averaging 1,336 g/t Ag, 0.08 g/t Au, 0.30% Pb, 0.44% Zn and 0.38% Cu over average vein width of 0.91m
- Chimney 308N: 122m interval averaging 876 g/t Ag, 0.06 g/t Au, 0.37% Pb, 0.51% Zn and 0.35% Cu over average vein width of 0.82m
- Chimney 310N: 46m interval averaging 768 g/t Ag, 0.14 g/t Au, 0.64% Pb, 0.98% Zn and 0.50% Cu over average vein width of 0.64m
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„First Quarter Highlights:
- Silver production of 437,123 ounces; 8.9% decrease over Q1 2010
- Lead production of 5,045,582 pounds; 14.8% decrease over Q1 2010
- Zinc production of 5,744,798 pounds; 16.4% decrease over Q1 2010
- Cash cost per silver ounce, net of by-product credits, estimate of negative US$4.52“
Die Begründung steht hier:
http://www.fortunasilver.com/s/...37123-ounces-for-First-Quarter-2011
Für 2011 ist in Caylloma die Förderung von 1,900,000 oz Silber geplant, was ca. 475000 oz/ Quartal entspricht. Im ersten Quartal hat Fortuna somit 92% erreicht. Glück auf für die nächsten Quartale.
Viel interessanter sind die Stichwahl am 5. Juni 2011 und die damit verbunden Auswirkungen auf ausländische Firmen. Zwar droht keine Verstaatlichung, aber eine Zusatzabgabe ist durchaus vorstellbar, wenn Humala gewinnt....
„Von einem Präsidenten Humala befürchten sie dagegen, dass er “die Grenzen schließen, die ausländischen Firmen aus Peru rauswerfen und nur noch heimische Marken erlauben will”. Dies läßt auf ein etwas einseitig merkantiles Verständnis von Demokratie bei der jungen Generation der Peruaner schließen, für die Freiheit offenbar zuallererst ungehinderter Konsum bedeutet. Dieser wäre jedenfalls bei einer Präsidentin Keiko Fujimori weiterhin garantiert, da sie die einst vom IWF verlangte und von ihrem Vater durchgesetzte neoliberale Wirtschaftpolitik der offenen Tür sicherlich fortsetzen wird.“......
http://www.infoamazonas.de/2011/04/27/...a-und-der-chavez-faktor.html
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... ich glaube das die allgemeine Korrektur bezüglich Silber hier auch eine Rolle spielen dürfte. Ist ja nicht der einzige auf Silber basierende Wert der fällt. Experten gehen davon aus das die noch einige Tage anhalten könnte.
www.ariva.de/news/Silberpreis-tendiert-fester-Erste-Bank-3747108
Umgelegt auf den Kurs von Fortuna dürfte ein Widerstand von 38,5€ 3,85 entsprechen (mit 1:10 easy umzurechnen) Die in dem Artikel erwähnte Bodenzone würde bei allem was tiefer als 3 Euro liegt Einstiegskurse andeuten.
Ich bleibe jedenfalls dabei, sowohl real als auch im Börsenspiel, und kauf ggf. nach.
Zu wissen, wie man abwartet, ist das große Geheimnis des Erfolges. (aus China)
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„Lima (IRIB) - In Peru haben die Bürger gegen die Politik der Regierung demonstriert. Laut Reuters richteten sich die Proteste gegen den Entschluss der Regierung zwei ausländische Firmen an Minenarbeiten zu beteiligen. Die Demonstranten meinen, dass die Arbeiten dieser Firmen zur Verschmutzung der Umwelt beitragen und die Wälder vernichten. Es wurden Regierungsgebäude angegriffen und mehrere Polizeifahrzeuge in Brand gesteckt.....“
http://german.irib.ir/nachrichten/politik/item/...te-proteste-in-peru
Bis zum Wiedereinstieg bleibt noch Zeit.
Schönes WE!
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