Fortuna Silver Mines (TSE:FVI) has released an update.
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Fortuna Silver Mines Inc. has successfully completed the issuance of $172.5 million in 3.75% convertible senior notes, due in 2029, with plans to use the proceeds to repay existing debt, cover working capital, and for general corporate purposes. The notes, convertible into common shares at a rate of 151.7220 shares per $1,000 principal amount, are part of the company’s financial strategy to manage obligations including its 4.65% senior subordinated unsecured convertible debentures, which are set for redemption in July 2024. Fortuna, a Canadian mining company with operations across several countries, is committed to sustainable precious metals production and environmental protection.
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