Fortuna Silver Mines announced that the Toronto Stock Exchange has approved the renewal of Fortuna’s normal course issuer bid, or NCIB, to purchase up to 5% of its outstanding common shares. Under the NCIB, purchases of common shares may be made through the Toronto Stock Exchange, the New York Stock Exchange and/or alternative Canadian trading systems. The share repurchase program starts on May 2 and will expire on the earlier of: May 1, 2024; one calendar year after the initiation of the share repurchase program;The date Fortuna acquires the maximum number of common shares allowable under the NCIB; or The date Fortuna otherwise decides not to make any further repurchases under the NCIB.
Published first on TheFly
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