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

- November 8th, 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.

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.

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