Published on 12 Aug 2022 on Zacks via Yahoo Finance
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 Surprise