Fortuna Silver Mines reports Q3 EPS (1c), consensus 3c

Reports Q3 revenue $166.6M, two estimates $161.1M. Reports Q3 Gold and silver production of 66,344 ounces and 1,837,506 ounces, respectively, an increase of 1% and 7% y/y respectively. Jorge Ganoza, CEO, commented, "Our four mines had steady production of gold and silver in the quarter, which places us in a comfortable position at the end of the nine months of the year to meet our annual guidance estimates. Price inflation on key consumable products has driven cost at our operations to the upper range of annual cost guidance, but at this stage in the year we anticipate that the risk for significant cost deviations beyond guidance has diminished. Free cash flow for the period remained strong, underpinned by robust production performance at our operating sites. Construction of our flagship Seguela mine is 83% complete as of the end of October, remaining on-time and on-budget. We continue to successfully de-risk construction at a steady pace. All components of the SAG mill, a major equipment in the critical path of the project, have been shipped removing the last supply chain concerns on major equipment deliveries. Another milestone coming soon is the project connection to the national power grid, which is planned for December."