Tuesday, January 24, 2017

Fortuna Silver Mines Inc - FVI.t

Fortuna Silver Mines Inc. - FVI.t operates two key producing mines. The San Jose Ag-Au Project is located within the Taviche Mining District located in southern Oaxaca, Mexico. The Caylloma Ag-Zn-Pb-Cu Mine is located in the Caylloma Mining District in the southern highlands of Arequipa, Peru.

The company's production forecast for 2016 is 7.0 million ounces of silver and 42,800 ounces of gold at a consolidated all-in sustaining cash cost of US$11.1 per ounce of silver.

On January 23, 2016 the company released NEWS
Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) ("Fortuna" or the "Company") announces that it has entered into an agreement with a syndicate of underwriters, co-led by Raymond James Ltd., BMO Capital Markets and Scotia Capital Inc. (together the "Underwriters"), pursuant to which the Underwriters have agreed to buy on a bought deal basis, 10,325,000 common shares of the Company (the "Common Shares") at a price of US$6.30 per Common Share, for total gross proceeds of approximately US$65.0 million (the "Offering"). The Company has also granted to the Underwriters an over-allotment option (the "Over-Allotment Option") to purchase up to 1,548,750 additional Common Shares (the "Over-Allotment Shares", and together with the Common Shares, the "Offered Shares"). The Over-Allotment Option will be exercisable for a period of 30 days following closing of the Offering.