Vom Explorer zum Produzenten in 14 Monaten - Fortuna Silver hat\'s geschafft! (Seite 128)

[Sommerssprung]

.....heuet starker Anstieg....und am Montag starke Zahlen?

[silverfreaky]

Wieso schwächelt Fortuna so?Gibts da ein Grund?

[binda]

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/11/14 -- Fortuna Silver Mines Inc. (NYSE: FSM)(TSX: FVI)(BVLAC: FVI)(FRANKFURT: F4S) is pleased to announce that it will release its financial statements and MD&A for 2013 on Monday, March 17th, 2014.

[HGDM]

Fortuna drills 2.8 kg/t Ag and 14.5 g/t Au over a true thickness of 4.2 m at Trinidad North Discovery, San Jose mine, Mexico



Vancouver, March 10, 2014: Fortuna Silver Mines Inc. (NYSE: FSM) (TSX:FVI) (BVL: FVI) (Frankfurt: F4S.F) is pleased to announce new results for step-out drilling of the Trinidad North discovery located contiguous with the San Jose mine in Oaxaca, Mexico. Assay results are included for eight drill holes completed in January and February of 2014. The results continue to confirm the extension of the Trinidad North zone with high-grade silver-gold mineralization present over wide vein widths. The results reported herein lie within a 200 meter strike extension of the Trinidad system and generally outside of the limits of the existing Inferred Resources.

Highlights of Step-out Drilling:

SJOM-337
498 g/t Ag and 3.03 g/t Au (680 g/t Ag Eq) over estimated true width of 6.5 m
SJOM-340
2,762 g/t Ag and 14.46 g/t Au (3,630 g/t Ag Eq) over estimated true width of 4.2 m
SJOM-343
1,190 g/t Ag and 8.45 g/t Au (1,697 g/t Ag Eq) over estimated true width of 10.2 m
SJOM-345
305 g/t Ag and 2.44 g/t Au ( 452 g/t Ag Eq) over estimated true width of 10.3 m
SJOM-346
1,503 g/t Ag and 7.76 g/t Au (1,969 g/t Ag Eq) over estimated true width of 6.5 m and
600 g/t Ag and 4.20 g/t Au (852 g/t Ag Eq) over estimated true width of 18.8 m

Dr. Thomas I. Vehrs, Vice President of Exploration, commented: "The results of the step-out drilling at Trinidad North confirm the continuation of a very robust mineralized system with mineralization being present in two sub-parallel vein systems (Bonanza Vein and Trinidad Vein) and commonly in the form of stockwork zones between the two structures. The mineralization is closely associated with hydrothermal breccias formed as a result of boiling of the epithermal system with the evidence of boiling persisting to the deepest holes drilled to-date (approximately 600 m below current surface). The mineralization remains open to the north and to depth as well as vertically above the 1200 meter level."

The Trinidad North discovery was announced in February of 2013 (see Fortuna news release of February 4, 2013) and a maiden resource for the Trinidad North zone was announced in October of 2013. At a 70 g/t Ag Eq cutoff, Inferred Resources at Trinidad North are estimated at 1.9 Mt averaging 269 g/t Ag and 1.67 g/t Au, containing 16.3 Moz Ag and 100.8 koz Au. Resource estimates at higher cutoff grades were also presented and the reader is referred to the October 17, 2013 news release for additional information. Step-out drilling of the Trinidad North discovery was initiated in late September of 2013 with initial results being reported in Fortuna news releases dated November 25, 2013 and January 21, 2014. Drilling is currently being carried out from two underground drill stations located at the 1300 meter level with preparations underway to advance the underground access a further 300 meters to the north to allow for further testing of the strike extension of the mineralized system.

[Sommerssprung]

Fortuna Silver Mines Inc. veröffentlichte heute eine aktualisierte Schätzung der Mineralreserven und -ressourcen für seine beiden Minen Caylloma in Peru und San Jose in Mexiko.

Diesen zufolge verfügt das Unternehmen über nachgewiesene und wahrscheinliche Reserven von 36,3 Mio. Unzen Silber und 235.900 Unzen Gold. Verglichen zum Vorjahr sind die Silberreserven damit um 5% und die Goldreserven um 7% gesunken. Hiervon stammen 22,8 Mio. Unzen Silber und 196.500 Unzen Gold aus der San-Jose-Mine und die übrigen 13,5 Mio. Unzen Silber und 39.400 Unzen Gold aus der Caylloma-Mine.

Die gemessenen und angezeigten Ressourcen belaufen sich auf 6,8 Mio. Unzen Silber und 36.700 Unzen Gold. Hiervon entfallen 2,0 Mio. Unzen Silber und 17.300 Unzen Gold auf San Jose und 4,9 Mio. Unzen Silber und 19.400 Unzen Gold auf Caylloma.

Die abgeleiteten Ressourcen der beiden Minen konnten nach Angaben des Unternehmens im Vergleich zum Vorjahr gesteigert werden. So lagen diese mit insgesamt 59,1 Mio. Unzen Silber und 370.900 Unzen Gold 26 resp. 36% über dem Wert des Vorjahres. Die abgeleiteten Ressourcen bei San Jose belaufen sich dabei auf 35,1 Mio. Unzen Silber und 270.800 Unzen Gold, die abgeleiteten Ressourcen bei Caylloma auf 24,0 Mio. Unzen Silber und 100.200 Unzen Gold.

[Sommerssprung]

Fortuna Silver's 'tiger by the tail'

We take an closer look at Fortuna Silver's San Jose silver-gold mine and substantial extensions it has started to define.










VANCOUVER, BC (MINEWEB) -

Over the past year Fortuna Silver Mines has outlined a promising extension to its San Jose silver-gold in Oaxaca, Mexico, that looks bound to secure it a lengthier mine life.

"It apppears to me that we are going into a deeper part of the system that is well endowed structurally, with broader width of mineralization, broader width for potential operations, and details like that," said Jorge Ganoza, Fortuna Silver President and CEO in a phone interview on Wednesday. "In short we feel the San Jose mine is on the fringe of what appears to be a much bigger deposit."

Two of the chief veins at San Jose - Trinidad and Bonanza - are holding up well in drilling this past year at depth and to the north of the main San Jose resources now being mined. Fortuna discovered the new extensions back in late 2012 and has since produced a maiden resource of 1.9 million @ 269 g/t silver and 1.67 g/t gold on the two parrallel and closely spaced veins in the Trinidad North area, which is adjacent to previously known resources. These add to about 3 million tonnes in existing inferred resources and 3.9 million tonnes in proven and probable resources @ 196 g/t Ag and 1.7 g/t Ag.

Meantime Fortuna has drilled north of the new inferred resources (further away from the San Jose mine) and continues to intersect the Trinidad and Bonanza veins with strong silver and gold mineralization often over multi-metre widths in what is believed to be a low-sulphidation deposit. Its deepest and most northerly hit came back with up to 4 metres @ 4,413 g/t Ag.





After a quick look at Fortuna long and cross sections of the growing mineralized areas (see below) it's clear that in terms of the Bonanza and Trinidad veins, which comprise the bulk of San Jose resources, Fortuna Silver has near doubled their extent of high grade areas in the past year of exploration. Now, drilling for additional extensions continues to the north and at depth.

Other facets of the Trinidad and Bonanza extensions (currently distinguished as Trinidad North and Trinidad North Extension) excite Ganoza. "Mineralization appears to be much more continuous and higher grade and broader than what we have at the San Jose mine," he said. "So we're quite excited about the way the deposit has evolved in the past 12 months."

It could have important ramifications for Fortuna's mine plan - which has already grown aggressively over the past few years since San Jose came online. Fortuna Silver initially planned San Jose as a 750-tonne-per-day operation, but started it at 1,000-tonne per day and then subsequently ramped it up to 1,800 tonnes per day late last year and is now on track to hit 2,000 tonnes per year early this year.

That's without considering the new resources and mineralized extensions at Trinidad North and to that end Fortuna hinted at the possibility of further expansions back in January, saying in a press release that it was planning on additional engineering studies of the mine in light of Trinidad North.

"It's just natural to start thinking, 'How do you do this now that we have a better handle on Trinidad?" Ganoza said.

To be clear, nothing's been decided, but I was still interested to hear if Ganoza, a geological engineer, would expand on the scope of potential expansion given the Trinidad North discovery. He didn't divulge much in terms of how much added tonnage Fortuna might consider (though you could see it easily looking at 500 to 1,000 tonnes per day more) other than to say Fortuna would have a good idea by the end of the first quarter.

He did add some context. "Even though it's early days and we've only been exploring Trinidad for a year, the history of resource conversion at this mine so far is excellent from inferred to measured and indicated and reserves," he said. "Our resource conversion is close to 100 percent."

In terms of growth Fortuna Silver's focus has been on its own assets. That is obvious with the ramp-up of operations at San Jose, subsequent discoveries there, and also at its other operating gold-silver mine, Caylloma, in Peru, where there is a new high grade gold zone. But with mergers and acquisition picking up early this year, I was also curious about his view of growth through M&A.

Is Fortuna considering it?

Indeed, Ganoza first highlighted expansion of existing Fortuna Silver project's as the cheapest way to deliver growth to shareholders. He said that in this regard Fortuna Silver's philosophy as regards M&A was "not to be reactive, but proactive in terms of our search" for assets.

That said, Ganoza was clear that Fortuna was considering possible opportunities. "We are active in looking and Fortuna's paper is strong relative to some of the companies in our space."

Moments later he expanded a little further.

"With Trinidad North I believe we have the tiger by the tail. That is certainly going to be the main source of growth we will focus on. And we will use the strength we devise from that to opportunistically look at things outside the farm."

Whatever the case there, Fortuna looks to have some promising years ahead of it at San Jose, as well as at Caylloma, assuming silver and gold prices hold. In this regard, Ganoza thinks a bottom is forming, though he wasn't making any price predictions.

"I think this environment continues to be supportive of higher prices," he said. "What those higher prices are, I wouldn't dare to say. $19 to $20 an ounce silver is lower than what we had two years ago, but still historically a high price on a relative basis."

"So you have to be able to make money at this price."

Fortuna Silver Production
2013: 4.6 million ounces silver, 21,242 ounces gold
2014: Projecting 6 million ounces silver and 32,3000 ounces gold in 2014 (about two thirds from San Jose) with $17.14 all in sustaining cash costs

[Sommerssprung]

Fortuna Silver Mines Inc. ist ein kanadisches Silberminenunternehmen, das die Zink-Blei-Silber-Mine Caylloma in Peru sowie die Silber-Gold-Mine San José in Mexiko besitzt und betreibt. Zu den Liegenschaften des Unternehmens gehören neben der zu 100% eigenen Caylloma- und der San-José-Mine die Liegenschaften Mario, Don Mario, Tlacolula und Taviche.

Gegründet im Jahr 2005 gehört Fortuna Silver Mines heute zu einem der schnellst-wachsenden Silberproduzenten Lateinamerikas. Im Jahr 2011 noch wurden insgesamt 2,5 Mio. Unzen Silber sowie 7.000 oz Gold zzgl. Basismetalle produziert. Gemäß jüngster Planung soll die Produktion Fortunas im Jahr 2014 mit 6,02 Mio. Unzen Silber, 32.300 Unzen Gold, 22,6 Mio. Pfund Zink und 16,6 Mio. Pfund Blei ein Vielfaches dessen erreichen.

Laut dem Assetmanager Peter Zihlmann sprechen einige wichtige Fakten für Fortuna Silver Mines Inc., darunter
• der positive Cashflow im Jahr 2013,
• die Steigerung der Produktion in den Jahren 2014 und 2015, oder auch
• die Barmittel in Höhe von 42 Mio. USD (Stand: Ende drittes Quartal 2013) zzgl. der ungenutzten Kreditfazilität in Höhe von 40 Mio. USD.

In der Einschätzung vom 10. Februar 2014 empfiehlt Peter Zihlmann die Aktie des Unternehmens daher erneut zum Kauf mit hohem Risiko.

[HGDM]

Fundamentals on Fortuna Silver Mines Inc. (NYSE:FSM)

Fortuna Silver Mines Inc. (NYSE:FSM) has reported EPS of $0.04 during trailing twelve months and is expected to rise to $0.17 by the next year. P/E ratio for trailing twelve months is 42.30 which is much above the industry average of 13.40. The company operates in a Global Silver industry and has delivered better financial performance with an operating margin of 28.10%, revenue growth of 32.10% and ROE of 11.90% as compared with an industry average of 2.90%, 11.20% and -7.00%, respectively.

http://www.nismagazine.com/trade-update-pretium-resources-in…

http://tickerreport.com/banking-finance/128906/fortuna-silve…

[HGDM]

Zitat von sabsi24: Das war wohl etwas zu früh. Ich glaube unter 3,6 $ wäre einguter Einstieg . ABER!!! Die sehen wir wohl nicht so schnell wieder. Unter 7 verkauf ich nicht! Bei dem KGV ist eine Verdoppelung durchaus drin.

[sabsi24]

Ich verfolge Fortuna Silver seit mehreren Jahren und habe ihn auch erstmals 2008 gekauft, da mich die Story überzeugt hat. Seitdem habe ich ihn mehrfach aufgestockt und auch wieder abgebaut.
Während in den ersten Jahren der Einfluss des Silberpreises noch nicht dominant war, da es überwiegend um die Explorationserfolge ging, hat seit 2010 die Bedeutung des Silberpreises deutlich zugenommen, da der Preis des Hauptprodukts natürlich eine wesentliche Rolle für die Bewertung der Aktie spielt. Entsprechend ist die Korrelation zwischen Silberpreis und Aktienkurs zuletzt auch sehr hoch gewesen.
Die Erholung von Ende Dezember bis Mitte Januar (nicht nur bei Fortuna Silver, sondern auch bei anderen Silberwerten) ist aber nicht vom Silberpreis getrieben und meines Erachtens nicht nachhaltig. Mir ist durchaus bewusst, dass die Produktionszahlen von Fortuna (incl. Ausblick) gut waren, aber das erklärt nicht den Anstieg. Daher bin ich bei einem Kurs von 4,10 CAD ausgestiegen und warte nun auf einen günstigen Wiedereinstieg.
Der Silberpreis ist in den letzten 10 Tagen weiter gefallen und notiert bei circa 19 USD aktuell in der Nähe eines 3-Jahrestiefs (angesichts des Tapering mittelfristig Aussichten eher mau). Dennoch hat sich die Aktie gehalten und ist zuletzt sogar noch etwas gestiegen.
Gibt es einen weitergehenden Erklärungsansatz, den ich noch nicht entdeckt habe? Wann ist ein günstiger Wiedereinstiegszeitpunkt?
Danke