Fortuna Mining Corp. Sells San Jose Mine to JRC Ingeniería

An update from Fortuna Silver Mines ( (TSE:FVI) ) is now available.

Fortuna Mining Corp. has completed the sale of its San Jose Mine in Oaxaca, Mexico, to JRC Ingeniería y Construcción S.A.C. for a total consideration of up to approximately $16 million, including future conditional payments. The sale allows Fortuna to divest a non-core asset, previously placed on care and maintenance due to high operating costs and depleted reserves, while retaining a net smelter royalty on future production, potentially enhancing its financial flexibility and strategic focus.

Spark’s Take on TSE:FVI Stock

According to Spark, TipRanks’ AI Analyst, TSE:FVI is a Outperform.

Fortuna Silver Mines demonstrates strong financial performance with significant revenue and profitability improvement, complemented by robust cash flow and low leverage. Technical indicators show upward momentum, although caution is warranted due to potential overbought conditions. Valuation remains reasonable, and recent corporate events and earnings call data suggest a positive outlook. Key risks include managing high costs in certain operations and addressing safety concerns.

To see Spark’s full report on TSE:FVI stock, click here.

More about Fortuna Silver Mines

Fortuna Mining Corp. is a Canadian precious metals mining company with operations in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru, and a gold project in Senegal. The company focuses on producing gold and silver while emphasizing sustainability, environmental protection, and social responsibility.

YTD Price Performance: 41.48%

Average Trading Volume: 15,696,343

Technical Sentiment Signal: Strong Sell

Current Market Cap: $1.99B

See more data about FVI stock on TipRanks’ Stock Analysis page.