Fortuna Silver Mines, Inc.

Fortuna Silver Mines, Inc.

Fortuna Silver Mines, Inc.

Overview
Date Founded

1990

Headquarters

200 Burrard Street, Suite 650, Vancouver, BC, V6C 3L6, CAN

Type of Company

Public

Employees (Worldwide)

3,740

Industries

Non-Energy Mining & Minerals
Engineering, Construction & Architecture
Metal Manufacturing & Products

Company Description

Fortuna Silver Mines is a rapidly growing silver producer with two low-cost operating mines and land holdings of more than 87,000 hectares in Peru and Mexico. Established in 2005, with a mandate to acquire silver-rich exploration projects and producing mines in Latin America, Fortuna's management team has effectively implemented a disciplined growth strategy. In 2012, silver and gold production increased for the sixth consecutive year, reaching 4.0 million ounces of silver and 20,699 ounces of gold at an estimated consolidated average cash cost per ounce of silver, net of by-product credits, is US$6.38(*) Drawing on mineral reserves containing approximately 44 million ounces of silver and 233,000 ounces of gold, Fortuna expects annual production rate to increase to an estimated 5 million ounces of silver and 26,000 ounces of gold, plus significant lead and zinc by-products, by mid-2013. (*) The final calculation of operating costs has not yet been completed and the amounts are approximations. Fortuna is targeting growth in both reserves and production by leveraging its industry expertise in Latin America. Management is committed to operating profitability and maintaining industry best practices while striving for excellence in employee relations, community outreach and safeguarding of the environment. Fortuna is financially stable and has no long-term debt or hedging programs. Shares of the company are listed on the New York Stock Exchange (FSM), Toronto Stock Exchange (FVI), Bolsa de Valores de Lima (FVI) and Frankfurt Stock Exchange (F4S.F). Fortuna is headquartered in Vancouver, Canada and maintains management offices in Lima, Peru. The company employs approximately 1,500 people in Canada, Peru and Mexico.

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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Country Head, Argentina

Country Head, Mexico

Country Head, Peru

Legal Counsel

Vice President, Project Development

Vice President-Exploration

Vice President-Technical Services

Vice President, Finance & Accounting

Board of Directors

Founder at Volcanic Gold Mines, Inc.

Co-Founder at Fortuna Silver Mines, Inc.

Co-Founder at Atico Mining Corp.

Head-Corporate Development at Western Atlas Resources, Inc.

President, Chief Executive Officer & Director at Cannon Point Resources Ltd.

Chief Executive Officer at Faro Capital Safi SA

Former Chief Financial Officer at Solaris Resources, Inc.

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Fortuna Silver Mines, Inc.
Owners & Shareholders
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Van Eck employs a top-down approach to identify attractive potential markets and sectors and then conducts bottom-up analysis of individual stocks. Their portfolios are benchmarked against indices based on the portfolio's investment types and geographic focus and client preferences. The firm typically utilizes qualitative and quantitative methods of analysis including fundamental analysis and various types of technical analysis such as charting and cyclical analysis. The strategy used by Van Eck is typically long-term buy-and-hold of digital assets, with portfolio weightings primarily determined by market value in order to achieve diversification, or investing in exchange-traded digital asset-linked derivative instruments and pooled investment vehicles and exchange-traded products that provide exposure to one or more digital assets.

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CPMG generally seeks to earn the highest risk-adjusted rate of return through fundamental research and portfolio management. They seek to analyze and invest in securities, which may include derivative instruments, that are either over-valued, in which case they will sell short the securities, or undervalued, in which case they will purchase the securities. The firm selects investments and allocates positions in those investments based on an expected value analysis taking into account downside risk, upside potential and the probabilities of those outcomes.CPMG may purchase or sell short debt securities, derivative instruments and contracts and other investments. They may take positions in companies with various sized market capitalizations, depending upon their analysis of the particular investment opportunity. As a part of their strategy, the firm may also acquire substantial ownership positions in a company, whether private or publicly traded, and may establish short positions with respect to a substantial percentage of the outstanding shares of a company. They may also invest in illiquid investments, which may include the purchase of securities of companies through private placements or through publicly announced corporate transactions such as spin-offs, tender offers, mergers, special dividends, restructuring and liquidations. Our decision to invest is based on the expected value and attractiveness of the investment relative to other investment opportunities.While CPMG's primary focus is on publicly-traded securities, opportunities may arise that will provide attractive rates of return outside the public markets. They may also, from time to time, invest in non-publicly traded securities that they believe are appropriate investments in conjunction with the funds objectives. Some of the funds employ specialized, limited or specific investment strategies and/or were organized for specific purposes or objectives, including each of the institutional funds. In addition, the Condire Funds generally focus on investments in natural resource exploration and development companies.

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Euro Pacific Asset Management LLC (Puerto Rico) is a private company headquartered in Dorado, Puerto Rico, that provides investment advice. It was founded in 2009 by James Ryan Nelson. Peter Schiff is currently the CEO of the firm.

Recent Transactions
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Fortuna Silver Mines, Inc. issued USD Common Shares - Bought Deal

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Fortuna Silver Mines, Inc. purchases Radius Gold, Inc. /Tlacolula Property from Radius Gold, Inc.

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Fortuna Silver Mines, Inc. issued USD Common Stock - Bought Deal

Transaction Advisors
Underwriter

Advised onFortuna Silver Mines, Inc. issued USD Common Shares - Bought Deal

Underwriter

Advised onFortuna Silver Mines, Inc. issued USD Common Shares - Bought Deal

Escrow Agent

Advised onFortuna Silver Mines, Inc. issued USD Common Shares - Bought Deal

Key Stats and Financials As of 2019
Market Capitalization
$1.42B
Total Enterprise Value
$720M
Earnings Per Share
$0.14
EBITDAMargin
38.16%
Enterprise Value / Sales
2.89x
Enterprise Value EBITDAOperating
7.56x
TEVNet Income
31.14x
Debt TEV
0.22x
Three Year Compounded Annual Growth Rate Of Revenue
6.95%
Revenue
$250M
Net Profit
$23.1M
EBITDA
$95.2M
Total Debt
$162M
Total Equity
$603M
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