Fortuna Silver Says Increasing Operating Costs Reduced Q1 Profits
Date
5/24/2023 11:06:03 PM
(MENAFN- Investor Brand Network) Canadian precious metals mining company Fortuna Silver Mines has posted a lower adjusted net income for the first quarter of the year due to increased operating expenses. The mining company announced last week that gold production in Q1 2023 was down by 9%, from 103,098 gold equivalent ounces in Q1 2022 to 94,110 gold equivalent ounces in 2023's first quarter.
The company noted that it produced 60,092 ounces of gold in Q1 2023, down more than 10% from 66,800 ounces in...
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