Fortuna Silver Mines (TSE:FVI) has released an update.
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Fortuna Silver Mines Inc. has announced the approval of its share repurchase program, allowing the company to buy back up to five percent of its outstanding common shares over the next year. The program aims to cancel the repurchased shares, with the decision to buy based on market price, the company’s financial performance, and available cash flow. The repurchases will be conducted through the Toronto and New York Stock Exchanges, with the potential to enhance shareholder value if the stock is undervalued.
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