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Published on 12 Aug 2022 on Zacks via Yahoo Finance

Fortuna Silver (FSM) Q2 Earnings Miss, Revenues Rise Y/Y


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Fortuna Silver Mines Inc. FSM reported second-quarter 2022 adjusted earnings per share of 1 cent per share, which missed the Zacks Consensus Estimate of 7 cents. The bottom line marked an 86% slump from the year-ago quarter’s level. Results were impacted by lower sales at San Jose due to the declining silver prices and corresponding negative concentrate sales adjustments, and lower production. Higher G&A expenses also hurt earnings.Including one-time items, Fortuna Silver reported earnings of 1 cent per share in the quarter under review compared with 9 cents in the year-ago quarter.Fortuna Silver’s revenues improved 39% year over year to $167.5 million in the quarter under review. Consolidated realized prices were $1,870 per ounce and $22.62 per ounce for gold and silver respectively in the quarter. All-In Sustaining Cost (AISC) per ounce of gold sold was $1,151 for the Lindero Mine and $1,565 for the Yaramoko Mine. AISC per silver equivalent ounce of payable silver sold came in at $15.41 and $18.19 for the San Jose Mine and Caylloma Mine, respectively.

Fortuna Silver Mines Inc. Price, Consensus and EPS Surprise

Fortuna Silver Mines Inc. Price, Consensus and EPS SurpriseFortuna Silver Mines Inc. Price, Consensus and EPS Surprise

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