Fortuna Mining, formerly Fortuna Silver Mines, delivered strong production in the second quarter, capturing the benefit of rising gold and silver prices. The company generated sales of $260 million and strong free cash flow. They also successfully swapped their debt from a syndicated revolving credit facility to a convertible note, reducing interest rates and strengthening their balance sheet. The CEO discussed the potential for organic growth through projects like Kingfisher and Diamba Sud, as well as the exploration work being done at the other projects. He also highlighted the importance of financial demand for silver and gold in driving prices.
Fortuna Mining: CEO on Strong Q2 Figures, Strengthening of the Balance Sheet and Exploration Efforts
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