- Fortuna Mining’s 2Q sales were reported at $230.4 million, falling short of the estimated $245.3 million.
- The company announced an adjusted earnings per share (EPS) of 15 cents.
- Adjusted EBITDA for the second quarter was $127.7 million, below the estimated $139 million.
- At the Séguéla site, the All-In Sustaining Cost (AISC) is expected to increase throughout the year due to planned mine waste stripping, aimed at accessing higher-grade material.
- Despite the rising AISC at Séguéla, the company anticipates the full-year average to stay within the guided range.
- The consolidated AISC for the quarter was $1,932 per ounce of gold, influenced by the timing of capital expenditures and peak mine waste stripping activities.
- Analyst recommendations include 2 buys, 2 holds, and 1 sell on Fortuna Mining stock.
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A look at Fortuna Silver Mines Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Fortuna Silver Mines Inc, a growth-oriented precious metals producer, is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. The company receives high scores in Value and Momentum, indicating a strong overall outlook. With a focus on mining opportunities in Latin America, Fortuna Silver Mines boasts assets in Peru, Mexico, and Argentina, including the Caylloma silver Mine, the San Jose silver-gold Mine, and the Lindero gold Project. Additionally, the company is actively seeking acquisition opportunities in the Americas and select regions, showcasing its commitment to strategic growth.
However, it’s worth noting that Fortuna Silver Mines scores lower in Dividend and Growth, suggesting areas for potential improvement in the company’s long-term strategy. Despite this, the overall resilience score of 3 indicates a solid foundation for navigating challenges and uncertainties in the market. With its strategic focus on value and momentum, Fortuna Silver Mines is poised to capitalize on its strengths and continue its trajectory as a prominent player in the precious metals industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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