Fortuna Silver Mines Inc.
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Fortuna Silver Mines Inc. - overview
Established
1990
Location
Vancouver, BC, Canada
Primary Industry
Mining
About
Based in Vancouver, Canada, and founded in September 1990 as Jopec Resources Ltd. , Fortuna Silver Mines Inc. is a precious metals mining company that focuses its operations in Latin America. The company went public on the Vancouver Stock Exchange in 1992 and subsequently changed its name to Fortuna Ventures Inc in February 1999.
It then changed its name to Fortuna Silver Mines Inc. In June 2005 and started trading on TSX Venture Exchange under the ticker symbol FVI. The company expanded by acquiring stakes in various projects in Mexico. Fortuna Silver Mines Inc.
then began trading on the Toronto Stock Exchange in 2010, and then on the New York Stock Exchange the following year. In 2021, it expanded in West Africa by acquiring the Yaramoko Mine in Burkina Faso and the advanced Se´gue´la Gold Project in Co^te d'Ivoire. As of July 2021, the company is being led by its President and CEO, Jorge A. Ganoza.
Fortuna Silver Mines Inc. operates in locations including Argentina, Burkina Faso, Mexico, and Peru. The company primarily produces silver, gold, lead, and zinc. It also owns a growth pipeline of brownfields and greenfields exploration projects throughout the Americas and West Africa located in favorable mining jurisdictions.
In 2020, Fortuna Silver Mines Inc. generated USD 278. 96 million in revenue. It mainly earns revenue from contracts with customers related to its concentrate and doré sales.
Revenue from contracts with customers is recognized when a customer obtains control of the concentrate or the doré and the company satisfies its performance obligation. Fortuna Silver Mines Inc typically receives payment within one to four weeks of delivery.
Primary Industry
Mining
Sub Industries
Precious Metals & Minerals
Website
www.fortunasilver.com
Total Amount Raised
Subscriber access only
Fortuna Silver Mines Inc. - timeline of key events
Fortuna Silver Mines Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Roxgold Inc. | - | ||||||||
| Trade Sale | Completed | Goldrock Mines Corp | - |
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Fortuna Silver Mines Inc. - employee data
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