Fortuna Silver Mines (TSE:FVI) has released an update.
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Fortuna Silver Mines Inc. has reported a robust first quarter in 2024, with 112,543 gold equivalent ounces produced, marking a significant year-over-year increase. The company has confidently reiterated its 2024 annual production guidance and has made strategic financial moves, including repaying $40 million of credit and purchasing over a million shares back. Additionally, Fortuna has exercised its right to acquire a 50% stake in a net smelter return from Séguéla Mine, indicating a positive outlook for future operations.
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