Skip to main content

Why Are Miners Depressed With $2,000+ Gold? Fortuna Targets ~1/2 MILLION Gold Equiv. Ounces in 2024

The President and CEO of Fortuna Silver, Jorge Ganoza, discusses the latest record quarterly production results which includes the second full quarter of high-margin gold production from the Séguéla Gold Mine in West Africa, which had its first gold pour in May.

We discuss the positive production growth trend and forecasts for another record setting year in 2024! Fortuna announced its annual guidance of 457 to 497 koz Gold Equivalent ounces with strong production growth occurring in West Africa.

Jorge talks about the company's transforming move into West Africa a few years ago and how it is now rewarding the company with a healthier balance sheet.

The strong quarterly free cash-flow means the company was able to further reduce their debt by $41 million in the latest quarter, on top of $40 million the quarter prior! What else does 2024 hold for Fortuna Silver? Please watch this interview to learn more!

To learn more about Fortuna, please visit their website: FortunaSilver.com

Please note, employees at GoldSeek are long-term shareholders in Fortuna Silver Mines and the company has been a supportive sponsor of both GoldSeek.com and SilverSeek.com.

About the author

Average: 5 (1 vote)

Newsletter Signup

GoldSeek Free Newsletters
GoldSeek Daily Edition
Gold & Silver Seeker Report
Gold Seek -- Peter Spina