Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) saw its stock soar 5.17% on Thursday, March 6, 2025 after reporting record free cash flow of $95.6 million in Q4 2024, up 69% quarter-over-quarter. The company also achieved record gold equivalent production of 455,958 ounces in 2024, meeting the low end of its annual guidance.
Key highlights from Fortuna's Q4 and FY2024 results:
The strong financial performance was driven by higher gold prices, increased gold sales volume from the ramp-up of the Séguéla mine, and effective cost optimization initiatives across the company's portfolio. Fortuna is also planning to expand annual gold production at Séguéla to 160,000 - 180,000 ounces by 2026 at industry-leading costs.
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