The company also recorded impairment charge of $10.1 million related to materials inventory at San Jose, Burkina Faso’s Yaramoko, and Argentina’s Lindero mines.
After adjusting for impairment charges and other non-recurring items, the company’s adjusted attributable net income in the last quarter last year was $20.6 million or $0.07 per share. This compares to $6.4 million or $0.02 per share in Q4 2022 and can be explained primarily due to higher gold sales and prices.
Despite promising exploration results at the newly identified Yessi vein, the Vancouver-based miner is moving forward with its plans to close the San Jose mine, but said a decision on whether the Yessi discovery can support operations beyond 2024 will be made in the second half of the year.
Chief executive Jorge Ganoza said this year Fortuna Silver will focus its exploration efforts on the Diamba Sud gold project in Senegal and the Seguela gold mine in Côte…
