• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Silver Market
    Silver News
    Silver Stocks
    • Silver Market
    • Silver News
    • Silver Stocks

    Fortuna Silver Mines Reports Revenue of $65.2 Million in Q3 2016

    Pia Rivera
    Nov. 08, 2016 08:41AM PST
    Silver Investing

    Fortuna Silver Mines (NYSE:FSM,TSX:FVI) reported revenue of $65.2 million, net cash provided by operating activities of $28.5 million, and net income of $11.8 million in the Q3 of 2016.

    Fortuna Silver Mines (NYSE:FSM,TSX:FVI) reported revenue of $65.2 million, net cash provided by operating activities of $28.5 million, and net income of $11.8 million in the Q3 of 2016.
    As quoted in the press release:

    Third quarter consolidated financial highlights:

    • Sales of $65.2 million, compared to $39.0 million in Q3 2015
    • Net income of $11.8 million and earnings per share of $0.09, compared to $2.6 million and $0.02, respectively, in Q3 2015
    • Adjusted net income of $10.0 million, compared to $2.7 million in Q3 2015
    • Net cash provided by operating activities of $28.5 million, compared to $17.9 million in Q3 2015
    • Cash flow from operations before changes in non-cash working capital of $26.1 million, compared to $9.4 million in Q3 2015
    • Cash position, including short term investments and working capital, at September 30, 2016 was $103.2 million
    • Silver and gold production of 2,089,506 and 14,111 ounces, respectively
    • AISC* per ounce of payable silver of $7.56
      * All-in sustaining cash cost is net of by-product credits for gold, lead and zinc

    Click here for the full press release.

    tsx:fvinyse:fsm
    The Conversation (0)

    Go Deeper

    AI Powered
    Fortuna's Yaramoko Mine reaches one-million-ounce gold pour milestone

    Fortuna's Yaramoko Mine reaches one-million-ounce gold pour milestone

    SilverCrest Reports First Quarter 2024 Financial Results

    SilverCrest Reports First Quarter 2024 Financial Results

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×