에 대한 최신 뉴스 Fortuna Mining (NYSE:FSM) 주식

Fortuna Mining

Fortuna Silver Mines

Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'Ivoire, Mexico, and Peru.

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포르투나 실버 마인즈(NYSE:FSM)는 는 서아프리카와 라틴 아메리카 전역의 사업장에서 강력한 1분기 금 및 금 등가물 생산량을 보고했다. 이 회사의 1분기 보고서는 금과 은 생산 모두에서 이러한 귀금속에 대한 상당한 상승세를 보인 한 해 동안 주목할만한 성과를 나타냈다.금 생산은 89,678 온스를 기록했으며, 은은 1.1백만 온스 또는 금 동등 온스 112,543 온스를 기록했다. 이에는 부산물인 납과 아연을 포함한다.

포르투나 실버 마인은 귀금속 가격 급등에 힘입어 강한 Q1 금, 은 생산 강조

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금값은 온스당 2,300달러를 넘어 사상 최고치를 기록하며 또 한 주를 마감했다. 3월 일자리 보고서가 예상보다 더 뜨거워진 후에도 요는 여전히 높다.금은 이번 주 금리 우려에 대한 일반적인 민감도에서 벗어나 인상적인 회복력을 보였다.

금이 2,300달러를 웃돌며 다시 한 주를 최고치로 마감: 광산 주식은 11개월 최고치

Fortuna Mining Corp

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Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.12 by 33.33 percent. This is a 77.78 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $274.900 million which beat the analyst consensus estimate of $265.956 million by 3.36 percent. This is a 13.08 percent increase over sales of $243.100 million the same period last year.

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Fortuna Silver Mines Q3 2024 Adj. EPS $0.16 Beats $0.12 Estimate, Sales $274.900M Beat $265.956M Estimate

Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Fortuna Silver Mines will report an earnings per share (EPS) of $0.12.
Anticipation surrounds Fortuna Silver Mines's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

<h3>Market Performance of Fortuna Silver Mines's Stock</h3>
Shares of Fortuna Silver Mines were trading at $4.8 as of November 04. Over the last 52-week period, shares are up 62.59%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FSM/earnings">To track all earnings releases for Fortuna Silver Mines visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fortuna Silver Mines's Earnings Outlook

Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) produced 110,820 gold equivalent ounces in the third quarter of 2024, a 13.9% decrease from the year-ago quarter. This includes a gold production of 91,251 ounces and a silver production of 816,187 ounces. Gold output marked a 3.8% year-over-year fall, whereas silver production was down 51.4%.
<h2>FSM&#39;s Mine Performances in Q3</h2>
FSM currently has five operating mines in its portfolio. The S&eacute;gu&eacute;la mine, located in C&ocirc;te d&acute;Ivoire, contributed 34,998 ounces of gold in the third quarter of 2024. Its total production for the third quarter of 2023 was 31,498 ounces. The mine is expected to produce gold of 126,000-138,000 ounces in 2024.
The Yaramoko Mine in Burkina Faso produced 28,006 ounces of gold, down 18% year over year. FSM expects Yaramoko&#39;s gold production between 105,000 and 119,000 ounces for 2024.
The third-quarter&nbsp; gold production at the Lindero mine in Argentina was 24,345 ounces, up 16.3% year over year. The 2024 guidance for the mine is pegged at 93,000-105,000 ounces of gold.
The San Jose mine in Mexico produced 510,741 ounces of silver and 3,771 ounces of gold. Silver production was down 62.8% year over year, whereas gold production declined 54%. The company expects gold production for 2024 between 19,000 and 23,000 ounces, whereas silver production is forecast at 3.1-3.6 million ounces.
The Caylloma mine in Peru produced 305,446 ounces of silver, down 0.9% year over year. Gold output was 131 ounces compared with 149 ounces in the third quarter of 2023. The mine&#39;s 2024 silver production is targeted between 0.9 million and 1.1 million ounces.
Zinc production was 12.8 million pounds and lead production was 13 million pounds.
<h2>Fortuna Silver Maintains 2024 Guidance</h2>
FSM reported gold and silver production of 273,645 ounces and 2.9 million ounces, respectively, in the first nine months of 2024, translating to 339,933 ounces of gold equivalent (including lead and zinc by-products).
Gold equivalent production guidance for 2024 is maintained between 457,000 and 497,000 ounces. The range indicates a year-over-year increase of 1-10%.
The gold production guidance is pegged at 343,000-385,000 ounces, which indicates growth of 5-18% from the 2023 reported level. The silver production guidance is 4-4.7 million ounces for 2024, which suggests a year-over-year decline of 21-32%.
<h2>FSM&#39;s Peer Performance in Q3</h2>
Endeavour Silver Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) produced 1.6 million silver equivalent ounces in the third quarter of 2024, a 14% decline from the year-ago quarter due to reduced silver production at its mines, which offset higher gold output. 
Consolidated silver production fell 24% year over year to 874,717 million ounces. This was due to a reduced operating capacity at Guanacev&iacute; after the trunnion breakdown in August.
Endeavour Silver, however, witnessed a 2% year-over-year improvement in gold production to 9,290 ounces . The rise was driven by higher gold grades mined at Guanacev&iacute; and Bola&ntilde;itos, as well as increased gold content in third-party feed processed at Guanacev&iacute;.
<h2>Fortuna Silver&#39;s Share Price Outperforms Industry</h2>
Shares of Fortuna Silver have gained 61% in the past year compared with the industry&#39;s 7.3% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/01/81138.jpg?v=880079609" />
Image Source: Zacks Investment Research
<h2>FSM&#39;s Zacks Rank &amp; Stocks to Consider</h2>
The company currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>). CRS and EGO sport a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.09 per share. The consensus estimate for 2025 earnings has moved 7% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 127.1% in a year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for 2024 earnings has moved 16% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO shares have gained 82.9% in a year.
<a href="https://www.zacks.com/stock/news/2350045/fortuna-silver-s-gold-equivalent-production-dips-14-y-y-in-q3?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2350045">To read this article on Zacks.com click here.</a>

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Fortuna Silver's Gold Equivalent Production Dips 14% Y/Y in Q3

Q3 2024 Production highlights
<ul>
<li>Gold equivalent production of 110,820 ounces1; compared to 128,671 oz Au Eq in Q3 20232 and 116,570 oz Au Eq in Q2 20243</li>
<li>Gold production of 91,251 ounces; compared to 94,821 oz Au in Q3 20232 and 92,716 oz Au in Q2 20243</li>
<li>Silver production of 816,187 ounces; compared to 1,680,751 oz Ag in Q3 20232 and 990,574 oz Ag in Q2 20243</li>
<li>Zinc and lead production of 12.8 million and 10.0 million pounds; compared to 14.0 million and 10.3 million pounds in Q3 20232, respectively</li>
</ul>

Fortuna Mining Reports Production Results For The Third Quarter Of 2024 From Its Five Operating Mines In West Africa And Latin America

WIIM

Fortuna Mining Corp shares are trading lower. The company is facing and responding to media reports regarding the possible withdrawal of existing mining permits and said it received confirmation that the government has no plans to withdraw existing mining permits which are in compliance with Burkina Faso's laws.

Fortuna Mining Corp. (NYSE:<a href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>, TSX:<a href="https://www.benzinga.com/stock/FVI#TSX">FVI</a>) today shared an update on its operations at the Yaramoko Mine in Burkina Faso. &nbsp;
On October 5, 2024, Burkina Faso's President Ibrahim Traoré made public comments regarding mining companies operating in the country and the possible withdrawal of existing mining permits. Fortuna has sought clarification from the country's Ministry of Mines on this point and has received confirmation that the government has no plans to withdraw existing mining permits which are in compliance with Burkina Faso's laws. The Yaramoko Mine is in compliance with all material laws and operations continue to be conducted normally.
The Yaramoko Mine has been in operation since 2016 and reached the one-million-ounce gold pour milestone on May 19, 2024 (refer to Fortuna news release dated May 22, 2024, "<a href="https://fortunamining.com/news/fortunas-yaramoko-mine-reaches-one-million-ounce-gold-pour-milestone/">Fortuna's Yaramoko Mine reaches one-million-ounce gold pour milestone</a>"). Yaramoko is expected to contribute approximately 25 percent of Fortuna's gold equivalent ounces in 2024 (refer to Fortuna news release dated January 18, 2024, "<a href="https://fortunamining.com/news/fortuna-reports-record-2023-production-of-452-koz-au-eq-and-2024-annual-guidance-of-457-to-497-koz-au-eq/">Fortuna reports record 2023 production of 452 koz Au Eq and 2024 annual guidance of 457 to 497 koz Au Eq</a>").

Management

Fortuna Responds To Recent Media Reports Concerning Burkina Faso; Says 'Has Received Confirmation That The Government Has No Plans To Withdraw Existing Mining Permits Which Are In Compliance With Burkina Faso's Laws. The Yaramoko Mine Is In Compliance With All Material Laws And Operations Continue To Be Conducted Normally.'

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Shares of precious metal companies are trading lower amid a drop in the price of gold. Weakness in the commodity may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

Source: <a href="https://www.streetwisereports.com/article/2024/08/16/diverse-issues-offset-mostly-strong-revenues.html?utm_medium=feed">Adrian Day 08/16/2024</a>
Global Analyst Adrian Day reviews results from six major resource companies, four of which are royalty companies.
The quarterly results we look at today from six major resource companies mostly include higher revenues and cash flows, which is not unexpected given that the gold price was $250 an ounce higher than in the first quarter.
However, they also show some companies are still struggling with costs. Above all, they clearly illustrate Robert Friedland&#39;s quip that &quot;Murphy works overtime in the mining business.&quot;
The last quarter includes a power outage, equipment failures, arbitration, a heap leach failure, a broken agreement, and construction delays. And more. It reinforces that mining is a difficult business, and so too for the royalty companies that reap some of the rewards. Guidance and market forecasts are all too often set with the expectation of perfection. Companies that had unexpected problems saw their stock prices slammed.
<h2>Wheaton Has Strong Quarter as It Ramps up Production</h2>
Wheaton Precious Metals Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wpm#NYSE">WPM</a>) was the exception, with a strong quarter in which nothing meaningful went wrong. It is on track to achieve the upper end of its full-year guidance. Production was stronger than expected, driven by outperformance at its largest asset, Salobo, as Phase III continues its ramp-up, as well as strong performance at Pe&ntilde;asquito and Antamina.
Sales were lower due to timing differences between production and sales. There are some major new assets on which it holds streams moving towards production, including Ivanhoe&#39;s Platreef, where an updated feasibility study is scheduled for the fourth quarter; this will be one of the world&#39;s largest platinum producers. There are six other projects under construction and more predevelopment projects, allowing Wheaton to move from this year&#39;s production range of 550,000 to 620,000 GEOs to over 850,000 a year from 2029 onwards.
<h2>Company Has Strong Pipeline With Balance Sheet To Transact</h2>
The pipeline for new deals is very busy, with larger transactions under consideration, mostly in the pre-construction phase, with some over half-a-billion in size.
This is a change from recent Wheaton activity which saw it making some very small transactions, some as small as $20 million. The company has a rock-solid balance sheet, with $540 million in cash, up $234 million on the quarter, with total liquidity of $2.5 billion.
We are long-term holders.
<h2>Royal on Track To Meet Guidance With Strong Revenues</h2>
Royal Gold Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgld#NASDAQ">RGLD</a>) reported quarterly financials better than expected, even after pre-releasing its streaming sales, which constitute the bulk of its revenues. Revenue was up 17% quarter-on-quarter, primarily due to higher metal prices but also higher copper sales at Mount Milligan and higher gold and silver production from Pe&ntilde;asquito, partially offset by lower sales at Pueblo Viejo, where the expansion is still in ramp-up. G&amp;A cash costs remain flat. The company is tracking its guidance, which remains unchanged.
During the quarter, Royal acquired additional royalties on B2Gold&#39;s Back River project. The royalties are different in structure (NSR and GSR) as well as having hurdles and variable rates; the company estimates that, in aggregate, their royalties approximate a 1.1% gross smelter royalty. With a further $100 million paydown on its debt, the company is now net cash positive, with just $50 million of debt outstanding and available liquidity of $1 billion. The debt is expected to be paid off next week, eliminating the debt taken on to acquire three major royalties over the past two years (Cortez, Great Bear, and Back River), which the company acquired without any equity dilution.
Royal has strong free cash flow, and near-term growth as well as some longer-term potential.
<h2>Osisko Lowers Full-Year Guidance as It Writes off Mine Royalty</h2>
Osisko Gold Royalties Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/or#NYSE">OR</a>) saw a reasonable second quarter, in line with its guidance, but due, as acknowledged by the company, to higher metals prices. Gold Equivalent Ounces (GEOs), which had been pre-released, declined slightly. It lowered its second-half guidance on the back of the suspension of the Eagle Mine in the Yukon following a heap leach failure at the end of the quarter.
Osisko decided to take a full impairment on the royalty it holds on the mine, stating that it has no visibility on when the mine might restart and is not expecting any ounces for the rest of the year. There is also a delay in the ramp-up of one of its new royalty assets, Mantos Blancos, contributing to the lower-than-expected second half. It does have three new assets paying in the second half, including Tocantinzinho, which has already started producing but on which royalty payments have a three-month delay. It has already received initial payments from a new Agnico Mine as well as the CSA copper assets in Australia.
<h2>New Assets Starting Up</h2>
Paying down debt is the company&#39;s first priority, other than doing new transactions. After repaying $44 million during the quarter, it now has $109 million in debt and $67 million in cash. With a credit facility, it has access to capital and a strong balance sheet.
Though the second half will be weaker than earlier expected, there are three new paying assets, and behind these a strong pipeline. Osisko has 20 producing assets, with 98% of revenues now from gold and silver and a very strong political risk profile. The new CEO is proving himself to be capable and focused.
Osisko is a Buy.
<h2>Altius Financials as Expected, as Major Decision and Transaction Awaited</h2>
Altius Minerals Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/atusf#OTC">ATUSF</a>) reported financials for the quarter more-or-less as expected after pre-releasing royalty revenue. As always, with a diverse portfolio, there are winners and losers: potash fell again from its extraordinarily high pricing levels in 2023, while base metals saw continued gains. The iron ore segment recovered, and renewal royalties, while lower than an exceptional first quarter, are growing strongly, more than 50% above the year-ago quarter.
In all, royalty revenue of $21.7 million rose nearly 25% in the last quarter (and 17% from the year-ago quarter). The outlook looks strong. The renewables company saw one new project come on line in the last quarter, with another this quarter and several new deals closing. Altius holds royalties on three projects in its base and battery metals division, which are currently under construction, while Champion Iron is continuing discussions on finding a partner for its Kami iron-ore project, for which Altius holds a royalty. The high-priority iron ore that Kami will produce was recently designated as a &quot;critical mineral&quot; by Canada.
<h2>Silicon-Merlin Will Be the Major Drive in the Near Term</h2>
In the near term, however, the major development will be the disposition of the royalty it holds on AngloGold&#39;s Silicon-Merlin deposit in southern Nevada.
The deposit continues to advance, with some exceptional assay results from its infill drilling at Merlin, including a stunning 0.53 g/t gold over 144.5 meters. It drilled 66,000 km during the first half, mostly infill, though we know there has also been aggressive drilling to the west of the Merlin deposit, with the company saying it had hit &quot;very exciting&quot; new intercepts. A Pre-Feasibility Study on Merlin is expected to be finished in late 2025. The region has a current resource of 17.5 million ounces, and Anglo projects the district producing 500,000 ounces a year. Altius holds a 1.5% royalty with the area of interest under arbitration; another recommended company, Orogen, holds a 1% royalty on the main deposit, which is undisputed. 
Altius has already received preliminary bids from companies, with CEO Brian Dalton saying that the &quot;strong and diverse proposals . . . highlighted a meaningful disconnect between how its value is perceived by (the) financial industry versus the royalty industry professionals.&quot; Once it has received the decision on its arbitration, it intends to seek final bids and will then make a decision on whether to accept a bid (to sell or swap for base metals royalties) or to hold the royalty. I do not want to read too much into that comment from Dalton, but it was interesting to hear him raise again the possibility of keeping the royalty.
<h2>Altius Buyback Stock, as Improving Balance Sheet Improves</h2>
Altius repurchased 119,000 of its shares during the quarter, and it is no secret that the company wants to repurchase more shares if it sells that royalty. It has cash of a little over $19 million after receiving $9 million in settlement of a loan receivable, plus holdings in public companies totaling over $371 million. These include over $176 million of shares in Altius Renewal Royalties and nearly $56 million in its Project Generation&quot; portfolio.
I am not suggesting that these are all for sale &mdash; though it has been sold some shares from its PG portfolio &mdash; but they do strengthen the balance sheet. It has $93 million available on its credit facility. Altius is a core holding for us, offering broad exposure to the commodity universe with some of the most astute management in the business.
Hold and look to buy on any weakness.
<h2>Pan American&#39;s Production Down at Ongoing Mine Problems</h2>
Pan American Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>) had a mixed quarter with slightly lower production and overall costs higher, though with lower costs for silver quarter-on-quarter ($14.49/oz cash costs). Ongoing issues at two mines, La Colorado and Dolores, hurt production. However, boosted by the higher metals prices, Pan American saw record cash flow from operations during the quarter.
The company reiterated its guidance, expecting production to be weighted towards the fourth quarter and, overall, silver production to be at the low end of the range. The rest of the year should bring improvement from La Colorada following the completion of the new ventilation system and $245 million in cash from the closing of the La Arena sale. There is also potential for the re-start of Escobal; several meetings with the government were held recently after delays caused by the change in government.
The company has a strong balance sheet, with $369 million in cash and a net debt of $472 million. It continued to buy back stock, bringing the total for the year to date to 1.7 million shares for just over $24 million (indicating that most shares were bought early on in the year, given the average cost of just over $14). The company reiterated that it expected additional divestments of non-core assets.
Pan American is a Buy, for operational turnaround, and Escobal potential, as well as strong management and balance sheet.
<h2>Fortuna&#39;s Revenue Disappointments but Issues Are Temporary</h2>
Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) reported revenue slightly lower than expected and costs higher. All-in sustaining Costs (AISC) at $1,656/oz were meaningfully higher than the first quarter&#39;s $1,495 due to three factors: higher power costs in West Africa, planned maintenance at Lindero, and higher per-ounce costs at San Jose as that mine runs down as it approaches the end of its reserve life. The first two factors here are temporary; Fortuna now has full generator capacity at its S&eacute;qu&eacute;la mine, so costs are expected to come down again in the second half of the year.
Despite these challenges, Fortuna is on track to meet its full-year guidance. Operations are doing well, and there has been some good exploration success, in particular around the S&eacute;qu&eacute;la mine. At San Jose, in Mexico, the company is continuing to explore alternatives: continuing to mine, closing the mine, or putting it on care and maintenance pending greater reserves from exploration. It will have a decision in the third quarter. The company continues to strengthen its balance sheet. A convertible issue allowed it to fully repay its credit facility and redeem an existing convertible, partly in cash and partly in shares.
Overall, the new convertible reduced its interest rate from over 7% to just 3.75%. Net debt is now just $66 million. It has $350 million in available liquidity. We like Fortuna for its diversified asset base, its strong management, and solid balance sheet, as well as strong brownfields potential.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Wheaton Precious Metals Corp., Osisko Gold Royalties Ltd., Altius Minerals Corp., Pan American Silver Corp., Fortuna Mining Corp., Franco-Nevada Corp., Lara Exploration Ltd., Metalla Royalty &amp; Streaming, and Fox Riv Res Corp.</li>
<li>Adrian Day: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: All. I determined which companies would be included in this article based on my research and understanding of the sector.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Adrian Day Disclosures
Adrian Day&#39;s Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. <a href="http://www.AdrianDayGlobalAnalyst.com" title="www.AdrianDayGlobalAnalyst.com">www.AdrianDayGlobalAnalyst.com</a>. Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor&#39;s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. &copy; 2023. Adrian Day&#39;s Global Analyst. Information and advice herein are intended purely for the subscriber&#39;s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.

Buybacks

ATUSF

RGLD

Diverse Issues Offset Mostly Strong Revenues

Scotiabank analyst Eric Winmill maintains Fortuna Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) with a Sector Perform and raises the price target from $6 to $6.5.

Price Target

Scotiabank Maintains Sector Perform on Fortuna Mining, Raises Price Target to $6.5

Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) reported quarterly earnings of $0.10 per share which missed the analyst consensus estimate of $0.15 by 33.33 percent. The company reported $259.971 million in sales this quarter. This is a 64.12 percent increase over sales of $158.400 million the same period last year.

Earnings Misses

Fortuna Silver Mines Q2 2024 Adj. EPS $0.10 Misses $0.15 Estimate, Sales $259.971M Up From $158.400M YoY

shares of precious metals stocks are trading lower as gold and silver fall despite overall market uncertainty.

First Majestic Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ag#NYSE">AG</a>) announced that its total production reached 5.3 million silver equivalent (&quot;AgEq&quot;) ounces in the second quarter of 2024. The figure consists of 2.1 million silver ounces and 39,339 gold ounces.
On a sequential basis, silver production grew 7%, whereas gold production increased 9%. Overall silver equivalent ounces jumped 2% from the prior quarter. The rise was mainly driven by higher silver production at La Encantada and increased AgEq production at Santa Elena. However, this was partially offset by lower production at the San Dimas mine.
The Santa Elena gold mine generated 2.6 million AgEq ounces. This includes 3.77 million silver ounces and 27,176 gold ounces, marking increases of 6% and 25%, respectively, over the first quarter of 2024. The La Encantada mine produced 5.85 million silver ounces, a 28% increase from the previous quarter.
San Dimas generated 2.1 million AgEq ounces in the quarter. This includes 1.14 million silver ounces and 12,043 gold ounces, 2% and 11% quarter-over-quarter declines, respectively. The dip was led by a decrease in fresh ore processed, which is largely the outcome of First Magestic&#39;s continuing labor relation negotiations with unionized workers.
<h3>2024 Guidance</h3>
To reflect the pick-up in metal prices and upbeat production results in the second quarter, the company updated its 2024 outlook. The updated silver and gold price estimates for the second half of 2024 are $28.00 and $2,300 per ounce, respectively. It expects silver production of 8.9-9.5 million ounces compared with the prior mentioned 8.6-9.6 million ounces.
AG expects 2024 gold production between 150,000 and 158,000 ounces compared with the prior stated 150,000-167,000.
<h3>Price Performance</h3>
AG shares have lost 9.4% in the past year against the industry&#39;s growth of 38.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c0/71936.jpg?v=2101363664" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
First Majestic currently flaunts a Zacks Rank #1 (Strong Buy).
<h3>Some Peer Performances in Q2</h3>
Fortuna Mining Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) reported gold equivalent production of 116,570 ounces in the second quarter of 2024. This reflects a 4% increase from the first quarter of 2024. Gold production was 92,716 ounces and silver production was 990,574 ounces, marking a 44% year-over-year increase and a 22% decrease, respectively.
FSM produced 13 million pounds of Zinc, down 7% from the second quarter of 2023. Lead production increased 3% year over year to 10.5 million pounds.
Endeavour Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) reported silver equivalent production of 2,156,453 ounces in the second quarter of 2024, down 5% year over year. EKX produced 1,312,572 ounces of silver in the quarter, down 12% from the second quarter of 2023. Gold production increased 7% year over year to 10,549 ounces.
Hecla Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) reported producing 4.5 million ounces of silver in the second quarter of 2024. This marked a 16% year-over-year improvement, reflecting a solid performance at Keno Hill. HL&#39;s gold production was up 6% at 37,324 ounces from the year-ago quarter, as improved results at Casa Berardi offset lower output at Greens Creek.
Hecla Mining produced 7.9 million ounces of silver in the first half of 2024. It believes that it is on track to produce 17 million ounces of silver in 2024.
<a href="https://www.zacks.com/stock/news/2305538/first-majestic-ag-q2-silver-production-rises-sequentially?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2305538">To read this article on Zacks.com click here.</a>

First Majestic Q2 Silver Production Rises Sequentially

Endeavour Silver Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) produced 2.2 million silver equivalent ounces in the second quarter of 2024, a 5% decline from the year-ago quarter, primarily due to reduced silver production at both of its mines, which offset higher gold output. The company also expects to commission the Terronera mine in the fourth quarter of 2024 and commence production in 2025.
<h3>Silver Production Declines on Lower Grades, Gold Up</h3>
Consolidated silver production fell 12% year over year to 1.31 million ounces. This was due to a 12% reduction in silver output at the Guanacev&iacute; mine and a 17% decrease at Bola&ntilde;itos, both due to lower grades.&nbsp;
Endeavour Silver, however, witnessed a 7% year-over-year improvement in gold production at 10,549 ounces. The growth was driven by higher gold grades mined at both Guanacev&iacute; and Bola&ntilde;itos, as well as higher gold content in third-party feed processed at Guanacev&iacute;. Gold output at the Guanacev&iacute; mine rose 9% year over year to 4,243 ounces, while the Bola&ntilde;itos mine output grew 6% to 6,306 ounces.&nbsp;
Guanacev&iacute;&#39;s silver production was 1.196 million ounces (down 12% year over year), which met the company&#39;s expectations. Gold production at 4,243 ounces (up 9%) was higher than expected due to increased gold grades mined and higher content in the third-party feed.
Local third-party feed contributed 15% to Guanacev&iacute;&#39;s quarterly throughput. At current prices, management expects local third-party feed to be higher than 10% of throughput going forward. The Guanacev&iacute; operations are realizing the benefits of the significant plant improvements and modifications made in 2023.
At Bolanitos, gold production increased 6% to 6,306 ounces, while silver production plunged 17% due to lower grades. Silver production was slightly below expectations due to decreased silver grades and lower silver recovery, while throughput remained steady. Milled grades are expected to show similar variations in the second half of the year.
<h3>2024 Production Guidance Maintained</h3>
So far in 2024, EXK has produced 2.2 million silver equivalent ounces and believes it is on track to attain its production target range of 8.1-8.8 million silver equivalent ounces in 2024.
<h3>Improved Metal Prices to Reflect on Q2 Results</h3>
For the second quarter, Endeavour Silver reported a 6% year-over-year decline in silver sales at 1.22 million ounces, while gold sales were flat at 9,887 ounces. At the quarter&#39;s end, the company held 262,160 ounces of silver and 939 ounces of gold in bullion inventory. EXK also held 5,860 ounces of silver and 322 ounces of gold in the concentrate inventory.
The lower sales figures will likely be offset by the elevated gold and silver prices observed through the second quarter and will reflect on Endeavour Silver&#39;s upcoming second-quarter 2024 results. We expect other industry players such as Hecla Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) and Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>), among others, to also benefit from this trend.
<h3>Peer Performances</h3>
Fortuna Silver Mines recently announced that it produced 116,570 gold equivalent ounces in the second quarter, which marked a 25% increase from the year-ago quarter. This includes a gold production of 92,716 ounces and a silver production of 990,574 ounces. While gold output marked a 44% year-over-year increase, silver was down 22%.
FSM maintains its gold equivalent production guidance for 2024 to be between 457,000 ounces and 497,000 ounces. Gold production guidance is pegged at 343,000-385,000 ounces while silver production is pegged at 4-4.7 million ounces.
Hecla Mining reported 4.5 million ounces of silver production in the second quarter. This marked a 16% improvement year over year, reflecting solid performance at Keno Hill. HL&#39;s gold production was up 6% at 37,324 ounces from the year-ago quarter as improved results at Casa Berardi offset lower output at Greens Creek.&nbsp;
Hecla Mining has produced 7.9 million ounces of silver in the first half of 2024 and believes it is on track to produce 17 million ounces of silver in 2024.
<h3>EXK&#39;s Price Performance</h3>
Shares of EXK have gained 43.8% over the past year compared with the industry&#39;s 43.3% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bb/71082.jpg?v=814095057" />
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; a Stock to Consider</h3>
Endeavour Silver currently carries a Zacks Rank #3 (Hold).
A better-ranked stock from the basic materials space is Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>), which sports a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Ero Copper&#39;s 2024 earnings is pegged at $1.66 per share. The consensus estimate for earnings has moved 20.3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 53.9%. ERO shares have gained 9.7% in a year.
<a href="https://www.zacks.com/stock/news/2300265/endeavour-silver-s-exk-q2-silver-production-declines-12-y-y?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2300265">To read this article on Zacks.com click here.</a>

Endeavour Silver's Q2 Silver Production Declines 12% Y/Y

Hecla Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) reported a silver production of 4.5 million ounces in the second quarter of 2024. The silver production grew 6% sequentially, reflecting the consistent, strong performance at Greens Creek, a full quarter of production at Lucky Friday with record throughput, and higher throughput at Keno Hill. Gold production rose 2% to 37,324 ounces from the first quarter of 2024.
Lead production was 13,586 tons, up 12% on a sequential basis. Zinc output came in at 16,191 tons in the quarter under review, fairly flat from the first quarter of 2024.
<h3>Mine Performances</h3>
The Lucky Friday mine produced 1.3 million ounces of silver in the second quarter, up 23% quarter over quarter. This is a full quarter of production compared with the first quarter.
In the second quarter of 2024, Keno Hill produced 900,440 ounces of silver, which was up 39% sequentially. The improvement was attributable to higher throughput (up 47%).
The Greens Creek mine produced 2.2 million ounces of silver in the second quarter of 2024, a 9% sequential increase attributed to slightly lower throughput and a 6% decrease in grades. Gold production at Greens Creek was 14,137 ounces, down 3% sequentially. The mine achieved a throughput of 2,481 tons per day in the quarter.
The Casa Berardi mine produced 23,187 ounces of gold in the second quarter of 2024, up 5% from the first quarter of 2024. The mine operated at an average of 4,033 tons per day in the quarter.
<h3>Guidance</h3>
According to the company, it is on track to produce 17 million ounces of silver in 2024. It produced 14.3 million ounces of silver in 2023.
<h3>Price Performance</h3>
Shares of Hecla Mining have gained 3.7% in a year compared with the industry&#39;s 57.3% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/00/71076.jpg?v=4682740" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Hecla Mining currently flaunts a Zacks Rank #1 (Strong Buy).
<h3>Q2 Production Performances of Other Mining-Silver Stocks</h3>
Fortuna Mining Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) reported gold equivalent production of 116,570 ounces in the second quarter of 2024. This reflects a 4% increase from the first quarter of 2024. Gold production was 92,716 ounces and silver production was 990,574 ounces, marking a 44% year-over-year increase and a 22% decrease, respectively.
FSM produced 13 million pounds of Zinc, down 7% from the second quarter of 2023. Lead production increased 3% year over year to 10.5 million pounds.
Endeavour Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) reported silver equivalent production of 2,156,453 ounces in the second quarter of 2024, down 5% year over year. EKX produced 1,312,572 ounces of silver in the quarter, down 12% from the second quarter of 2023. Gold production increased 7% year over year to 10,549 ounces.
<h3>Another Mining-Silver Stock to Consider</h3>
Another top-ranked Mining-Silver stock is Buenaventura Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bvn#NYSE">BVN</a>). It flaunts a Zacks Rank #1 at present.
The Zacks Consensus Estimate for Buenaventura&#39;s 2024 earnings is pegged at $1.41 per share. The consensus estimate for 2024 earnings has moved 41% north in the past 60 days. BVN shares have gained 5.4% in a year.
<a href="https://www.zacks.com/stock/news/2300178/hecla-mining-s-hl-q2-silver-output-rises-6-sequentially?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2300178">To read this article on Zacks.com click here.</a>

Hecla Mining's Q2 Silver Output Rises 6% Sequentially

Shares of Lands&#8217; End, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) fell sharply during Wednesday's session following<a href="https://www.benzinga.com/quote/LE/earnings"> first-quarter results</a>.
Lands&#8217; End reported quarterly adjusted loss of 20 cents per share which beat the analyst consensus estimate of 26 cents per share. The company reported quarterly sales of $285.47 million which beat the analyst consensus estimate of $269.82 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Lands&#8217; End shares dipped 9.3% to $12.60 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) shares jumped 512% to $2.88 after the company announced orders for cyber-hardened networking technology to be deployed at three US military bases.</li>
<li>Nuvve Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares jumped 150% to $1.42.</li>
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) shares gained 82.2% to $0.1549. ENDRA Life Sciences shares dipped over 60% on Tuesday after the company announced the pricing of an $8 million public offering.</li>
<li>mF International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFI#NASDAQ">MFI</a>) gained 66.9% to $2.17 after jumping 38% on Tuesday.</li>
<li>Moving iMage Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NASDAQ">MITQ</a>) gained 53.2% to $1.0750 after the company was awarded a multi-million dollar contract.</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) gained 52.5% to $2.1200 after the company announced a new partnership with JD Telecom.</li>
<li>WalkMe Ltd.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKME#NASDAQ">WKME</a>) gained 42.1% to $13.70 after the company announced it entered into a definitive agreement to be acquired by SAP.</li>
<li>Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) rose 34.9% to $3.6010 following better-than-expected third-quarter financial results.</li>
<li>XTI Aerospace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) jumped 30% to $1.1877 after the company announced Mesa Air Group is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company.</li>
<li>Unusual Machines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#NYSE">UMAC</a>) rose 27.2% to $1.9002.</li>
<li>Hywin Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NYSE">HYW</a>) gained 24.9% to $0.7379.</li>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) rose 21.1% to $1.2710.</li>
<li>Multi Ways Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MWG#NYSE">MWG</a>) gained 19.4% to $0.5741.</li>
<li>Mynd.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYND#NYSE">MYND</a>) rose 16.6% to $2.95.</li>
<li>Vir Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIR#NASDAQ">VIR</a>) gained 16.4% to $12.31 after the company announced new preliminary data from its Phase 2 SOLSTICE hepatitis delta clinical trial evaluating tobevibart.</li>
<li>3D Systems Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) gained 16% to $4.030 after the company received a multi-year purchase agreement with an estimated value of around a quarter-billion dollars.</li>
<li>Laird Superfood, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LSF#NYSE">LSF</a>) gained 15.6% to $4.3350.</li>
<li>Verint Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) rose 15.3% to $32.54 after the company reported better-than-expected first-quarter financial results and issued strong FY25 guidance.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) shares rose 15.1% to $20.26 as the company reported better-than-expected second-quarter financial results.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) gained 15% to $124.20 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>United Natural Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) jumped 12.7% to $13.69 following upbeat quarterly earnings.</li>
<li>CureVac N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) gained 10.4% to $4.46.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) rose 10.2% to $19.57.</li>
<li>Bright Green Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGXX#NASDAQ">BGXX</a>) shares rose 8.2% to $0.3204 after gaining around 5% on Tuesday.</li>
<li>Ollie&#8217;s Bargain Outlet Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) gained 7.8% to $88.43 following better-than-expected first-quarter earnings.</li>
<li>MakeMyTrip Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) gained 6.8% to $78.68.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) fell 37.7% to $1.3099 after jumping 166% on Tuesday.</li>
<li>Barnes &amp; Noble Education, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares declined 35% to $0.2699.</li>
<li>MicroAlgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) shares dipped 33.2% to $8.02. MicoAlgo shares jumped around 670% on Tuesday after the company announced that it will jointly establish a micro-consciousness quantum research center with WiMi.</li>
<li>Silo Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SILO#NASDAQ">SILO</a>) declined 30.6% to $1.55 after the company announced a $2 million registered direct offering.</li>
<li>SOBR Safe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares fell 29.2% to $0.3236 after surging 75% on Tuesday.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) fell 24.7% to $138.91.</li>
<li>JIADE Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) fell 23% to $ 1.3450</li>
<li>Cue Health Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLTH#NASDAQ">HLTH</a>) fell 21.3% to $0.0486.</li>
<li>Volcon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares declined 21% to $0.1318 after the company announced a 1-for-100 reverse stock split.</li>
<li>SPAR Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRP#NASDAQ">SGRP</a>) fell 19.9% to $2.2668 after the company announced that it entered into a letter of intent to go private with Highwire Capital.</li>
<li>Power REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PW#NYSE">PW</a>) fell 19.8% to $0.9001.</li>
<li>FibroBiologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBLG#NASDAQ">FBLG</a>) dipped 19.3% to $7.27.</li>
<li>Adamas One Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JEWL#NASDAQ">JEWL</a>) dipped 18.8% to $ 0.3062.</li>
<li>Adlai Nortye Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANL#NASDAQ">ANL</a>) fell 17% to $5.17</li>
<li>Vast Renewables Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTE#NASDAQ">VSTE</a>) shares fell 16.4% to $3.75 after jumping around 67% on Tuesday.</li>
<li>Mind Medicine (MindMed) Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNMD#NASDAQ">MNMD</a>) shares fell 16.2% to $6.92 after declining 5% on Tuesday.</li>
<li>Ambac Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) shares declined 15.6% to $14.53. Ambac Financial Group announced plans to acquire a majority stake in Beat Capital Partners.</li>
<li>Golden Heaven Group Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) shares fell 13.7% to $0.1938 after declining around 4% on Tuesday.</li>
<li>Fortuna Silver Mines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) dipped 13.6% to $5.10 after the company announced a $150 million offering of convertible senior notes.</li>
<li>ThermoGenesis Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THMO#NASDAQ">THMO</a>) shares declined 13.4% to $0.5534 after gaining over 10% on Tuesday.</li>
<li>Fresh2 Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRES#NASDAQ">FRES</a>) shares fell 11% to $0.3970 after gaining 13% on Tuesday.</li>
<li>COMPASS Pathways plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>) shares fell 10.6% to $6.84.</li>
<li>MultiPlan Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLN#NYSE">MPLN</a>) declined 7.8% to $0.4342</li>
<li>DouYu International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) fell 4.7% to $9.64 following first-quarter results.</li>
<li>Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) shares fell 4.3% to $115.11 after the company reported first-quarter earnings and announced a review of strategic alternatives for its Family Dollar business.</li>
<li>Brown-Forman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) fell 4% to $43.90 following mixed quarterly earnings.</li>
<li>Designer Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) fell 3.9% to $8.40. The company, on Tuesday, reported first-quarter FY24 sales growth of 0.6% year-on-year to $746.596 million, beating the analyst consensus estimate of $741.630 million.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39184853/jim-cramer-energy-transfer-has-done-a-very-good-job-recommends-selling-this-tech-stock">Jim Cramer: Energy Transfer Has &#8216;Done A Very Good Job,&#8217; Recommends Selling This Tech Stock</a>

Intraday Update

Movers

AMBC

ASNS

BGXX

BNED

CLEU

CMPS

CVAC

DLTR

DOYU

FBLG

FRES

GDHG

GWRE

HLTH

JDZG

JEWL

MITQ

MLGO

MMYT

MNMD

MPLN

MYND

NDRA

NVAX

NVVE

OLLI

SFIX

SGRP

SILO

SOBR

SYTA

THMO

UMAC

UNFI

VLCN

VRNT

VSTE

WKME

XTIA

Why Lands' End Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Fortuna Silver Mines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) shares are trading lower by 15% to $5.02 during Wednesday&#8217;s session after the company announced an offering of convertible senior notes worth $150 million, due in 2029, with an option for initial purchasers to buy an additional <a href="https://www.benzinga.com/pressreleases/24/06/g39180224/fortuna-announces-offering-of-convertible-senior-notes">$22.5 million in notes</a>.
The proceeds will be used to repay bank debt, fund working capital, cover general corporate expenses, and repay existing 4.65% senior subordinated unsecured convertible debentures unless these are converted into shares before redemption. The company plans to issue a redemption notice for the current debentures before the new offering closes. 
The interest rate and conversion rate for the new notes will be set based on market conditions at the time of the offering. The notes will bear semi-annual interest, be convertible into shares, and include redemption and repurchase rights for both the company and the holders under certain conditions.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39186394/bank-of-canada-cuts-rates-by-0-25-as-policy-no-longer-needs-to-be-restrictive-canadian-stocks-ra">Bank Of Canada Cuts Rates By 0.25% As Policy &#8216;No Longer Needs To Be Restrictive&#8217;: Canadian Stocks Rally, Loonie Drops</a>
<h2 class="wp-block-heading">How To Buy FSM Stock</h2>
By now you're likely curious about how to participate in the market for Fortuna Silver Mines &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Fortuna Silver Mines, which is trading at $4.99 as of publishing time, $100 would buy you 20.04 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, FSM has a 52-week high of $6.36 and a 52-week low of $2.58.

Why Fortuna Silver Mines (FSM) Stock Is Diving

Fortuna Silver Mines shares are trading lower after the company announced a $150 million offering of convertible senior notes.

Offerings

Fortuna Silver Mines Announces That It Is Offering Convertible Senior Notes Due 2029 In An Aggregate Principal Amount Of $150M

Scotiabank analyst Eric Winmill maintains Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) with a Sector Perform and raises the price target from $4.75 to $6.

Scotiabank Maintains Sector Perform on Fortuna Silver Mines, Raises Price Target to $6

CIBC analyst Cosmos Chiu maintains Fortuna Silver Mines (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FVI#TSX">FVI</a>) with a Neutral and raises the price target from C$8 to C$9.25.

TSX:FVI

CIBC Maintains Neutral on Fortuna Silver Mines, Raises Price Target to C$9.25

Fortuna Mining: At A Potentially Good Entry Point

Fortuna Silver Mines (TSE:FVI) has released an update. Fortuna Mining Corp. is set to release its third-quarter financial results on November 6, 20...

Fortuna Mining to Unveil Q3 Results and Hold Conference

Reports Q3 revenue $274.9M, two estimates $266.0M. Gold equivalent production of 110,820 ounces, compared to 116,570 ounces in Q2 2024. Nine month ...

Fortuna Silver Mines reports Q3 EPS 16c, consensus 12c

Fortuna Silver Mines (TSE:FVI) has released an update. Fortuna Silver Mines reported record earnings for Q3 2024, driven by rising metal prices and...

Fortuna Silver Mines Reports Record Q3 2024 Earnings

Fortuna Silver Mines Non-GAAP EPS of $0.16 beats by $0.04, revenue of $274.9M beats by $10M

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Scotts Miracle-Gro Company (SMG – Research Report),...

Analysts Have Conflicting Sentiments on These Materials Companies: Scotts Miracle-Gro Company (SMG), Methanex (MEOH) and Fortuna Silver Mines (FSM)

Scotiabank analyst Eric Winmill maintained a Hold rating on Fortuna Silver Mines (FSM – Research Report) today and set a price target of $6.50. The...

Scotiabank Keeps Their Hold Rating on Fortuna Silver Mines (FSM)

Fortuna Mining Corp. (FSM) Q3 2024 Earnings Call Transcript

Fortuna Silver Mines ( ($FSM) ) has released its Q3 earnings. Here is a breakdown of the information Fortuna Silver Mines presented to its investor...

Fortuna Mining Corp. Reports Strong Financial Growth

In a report released today, Cosmos Chiu from CIBC maintained a Hold rating on Fortuna Silver Mines (FSM – Research Report), with a price target of ...

CIBC Sticks to Their Hold Rating for Fortuna Silver Mines (FSM)

MEOH

Press Releases

Fortuna reports solid production of 116,570 gold equivalent ounces for the second quarter of 2024

Fortuna to release second quarter 2024 financial results on August 7, 2024; Conference call at 12 pm EDT on August 8, 2024

Fortuna reports financial results for the second quarter of 2024

Fortuna intersects 14.2 g/t Au over 16.8 meters at the Kingfisher prospect, Séguéla Mine, Côte d'Ivoire

General

Fortuna intersects 6.9 g/t Au over 33.3 meters at the Diamba Sud Project, Senegal

Fortuna responds to recent media reports concerning Burkina Faso

Fortuna reports solid production of 110,820 gold equivalent ounces for the third quarter of 2024

Fortuna to release third quarter 2024 financial results on November 6, 2024; Conference call at 12 pm EST on November 7, 2024

Opinion

As Gold Nears Record Highs, Analysts See Major Upside in Mining Stocks

Fortuna reports record earnings for the third quarter of 2024

CSE:YMC

TSX:CG

TSX:IMG

TSX:NGD

YMMCF

Scotiabank

National Bank Financial Inc

포르투나 실버 마인즈(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>)는 는 서아프리카와 라틴 아메리카 전역의 사업장에서 강력한 1분기 금 및 금 등가물 생산량을 보고했다. 이 회사의 1분기 보고서는 금과 은 생산 모두에서 이러한 <a href="https://www.benzinga.com/news/large-cap/24/04/38117669/gold-shines-above-2-300-ends-another-week-at-record-high-mining-stocks-rally-to-11-month-peak" target="_blank" rel="noopener">귀금속에 대한 상당한 상승세</a>를 보인 한 해 동안 주목할만한 성과를 나타냈다.
금 생산은 89,678 온스를 기록했으며, 은은 1.1백만 온스 또는 금 동등 온스 112,543 온스를 기록했다. 이에는 부산물인 납과 아연을 포함한다.
포르투나는 2024년 연간 생산 가이드라인을 재확인하며 금, 은, 금 동등 온스 생산을 예상대로 하는 바, 이로써 343 ~ 385천 온스의 금, 470 ~ 570만 온스의 은, 그리고 457 ~ 497천 온스의 금 동등 온스를 생산할 것으로 예상된다.
이제 읽어보세요: <a href="https://www.benzinga.com/m-a/24/04/38143891/karora-resources-westgold-resources-merge-a-new-business-dominant-across-two-historic-yet-under-expl"> Karora Resources, Westgold Resources가 합병: ‘두 곳의 역사적이지만 미개척된 금광지역에서 우월한 신사업이 생겨나다&#8217;</a>
이에 따라 숫자를 좀 더 자세히 살펴보면 포르투나의 2024년 1분기 하이라이트는 회사의 신용 시설에 대한 4,000만 달러 상환까지 포함하여 2023년 3분기 이후의 총 상환액이 1억 2100만 달러에 달한다.
또한 회사는 1월 초에 복원된 일반 발행자 입찰 프로그램에 따라 1,030,375주를 재매입했다. 주당 평균 가격은 3.42달러로 총 352만 달러에 이른다.
회사의 <a href="https://fortunasilver.com/investors/news/fortuna-reports-strong-gold-equivalent-production-of-112-543-ounces-in-the-first-quarter-of-2024/">보고서</a>에 따르면, 제일 중요한 것은 회사의 총 기록 가능한 부상 빈도율이 3.10으로 급등한 것이다. 이는 2023년 1분기의 1.39와 비교해 큰 부상 빈도를 나타낸다.
단기에서 중기적인 전망을 보면, 최근 실적 컨퍼런스 콜에서 나온 의견들이 회사의 성장 동력에 대한 통찰을 제공하는 바다.
금 생산은 전년동기대비 49% 증가했지만, 은 생산은 32% 감소했다. 그래도 세네갈의 디암바 수드(Diamba Sud) 및 코트디부아르의 세구엘라(Séguéla) 광산과 같은 프로젝트들은 포츄나의 성장 궤도에 상당히 기여할 것으로 예상된다.
회사는 미네랄 광맥을 강화하고 자원 기반을 확장하는 것에 목표를 두고 있지만, 관리 부서는 2021년부터 프랑코 네바다 코퍼레이션(Franco Nevada Corp) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>)와의 로열티 계약에 따라 세구엘라의 순 제련소 반환액의 1.2%를 660만 달러에 50% 인수할 수 있는 권리를 행사했다.
회사의 대차대조표 상황도 개선된 것으로 나타났다. 전년동기 대비로는 부채가 2억 4400만 달러에서 2억 600만 달러로 감소했고 현금 보유액은 약 1억 2800만 달러로 유지되었다.
Benzinga Mining은 광산 기업과 소매 투자자 사이의 연결다리 역할을 합니다. <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a>에 연락하여 시작하세요! 
다 읽기:<a href="https://www.benzinga.com/news/24/04/38111546/barrick-targets-peruvian-expansion-amidst-record-gold-prices">바릭, 최고기록의 금 가격과 함께 페루 확장 목표로 삼다</a>
사진: <a href="https://www.shutterstock.com/g/inok">Inozemtsev Konstantin</a>/via Shutterstock

금값은 온스당 2,300달러를 넘어 사상 최고치를 기록하며 또 한 주를 마감했다. 3월 일자리 보고서가 <a href="https://www.benzinga.com/etfs/specialty-etfs/24/04/38108835/us-labor-market-heats-up-in-march-payrolls-grow-by-303-000-highest-in-10-months-dampen-rate-c">예상보다 더 뜨거워</a>진 후에도 요는 여전히 높다.
금은 이번 주 금리 우려에 대한 일반적인 민감도에서 벗어나 인상적인 회복력을 보였다.
금은 금리 인하가 시장 예상만큼 신속하게 실현되지 않을 수도 있다는 다수의 연방준비제도(연준) 총재들의 경고에도 불구하고 지난 7년 동안 6주 동안 4% 상승하며 상승세를 기록했다.
금은 또한 이번 세션에서 주목할만한 1.5% 상승을 보여 귀금속에 대한 전통적인 거시적 역풍에도 불구하고 인상적인 강인함과 탄력성을 강조했다.
금 가격이 전례 없는 수준으로 치솟으면서 광산주들은 한동안 볼 수 없었던 강세를 경험하고 있다.
반에크 골드 광산 ETF(VanEck Gold Miners ETF) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) 는 지난 9일 중 8일이 상승세를 보였으며, 이로써 2023년 5월 이후의 최고치를 갱신했다.
뉴몬트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) &#8211; 세계 최대 규모의 금 광산업체이자 GDX의 핵심 기업 &#8211; 는이번 주에 10% 이상 급등하여 S&amp;P 500 주식 중 가장 견고한 성과와 13개월 만에 최고의 한 주를 보여주었다.
차트: 뉴몬트, 2023년 3월 이후 최고 실적 주간 기록
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-280143" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-1024x495.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12.png 1920w" alt="" width="1024" height="495" /></figure>
<h3 class="wp-block-heading">이번 주 S&amp;P 500 주식 중 가장 성공적인 기업 </h3>
<figure class="wp-block-table is-style-stripes">
<table>
<tbody>
<tr>
<td>기업명</td>
<td>주가 변동률 (5D)</td>
</tr>
<tr>
<td>뉴몬트</td>
<td>10.67%</td>
</tr>
<tr>
<td>마라톤 페트롤리움 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>)</td>
<td>8.99%</td>
</tr>
<tr>
<td>메타 플랫폼 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>8.31%</td>
</tr>
<tr>
<td>발레로 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>)</td>
<td>7.70%</td>
</tr>
<tr>
<td>NRG 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</td>
<td>7.70%</td>
</tr>
<tr>
<td>옥시덴탈 페트롤리움 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>)</td>
<td>6.97%</td>
</tr>
<tr>
<td>웨스턴 디지털 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NYSE">WDC</a>)</td>
<td>6.84%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">이번 주 가장 성공적인 금 및 은 광산 기업</h3>
<figure class="wp-block-table is-style-stripes">
<table>
<tbody>
<tr>
<td>기업명</td>
<td>주가 변동률 (5D)</td>
</tr>
<tr>
<td>퍼스트 마제스틱 실버 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>)</td>
<td>32.57%</td>
</tr>
<tr>
<td>쾨르 마이닝 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>29.18%</td>
</tr>
<tr>
<td>포르투나 실버 마인스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>)</td>
<td>26.01%</td>
</tr>
<tr>
<td>칼리버 마이닝 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXB#NYSE">CXB</a>)</td>
<td>18.56%</td>
</tr>
<tr>
<td>판 아메리카 실버 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>)</td>
<td>16.55%</td>
</tr>
<tr>
<td>MAG 실버 Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAG#NYSE">MAG</a>)</td>
<td>14.70%</td>
</tr>
<tr>
<td>헤클라 마이닝 컴퍼니 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>)</td>
<td>14.66%</td>
</tr>
<tr>
<td>에메랄드 리소스 NL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>)</td>
<td>13.65%</td>
</tr>
<tr>
<td>K92 마이닝 Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNT#NYSE">KNT</a>)</td>
<td>13.49%</td>
</tr>
<tr>
<td>아야 골드 앤 실버 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYA#NYSE">AYA</a>)</td>
<td>12.95%</td>
</tr>
</tbody>
</table>
</figure>
지금 읽기: <a href="https://www.benzinga.com/markets/cannabis/24/04/38102205/desantis-furious-as-legal-weed-abortion-rights-move-toward-november-ballot-calls-amendments-radi">디샌티스, 11월 투표를 앞두고 대마초, 낙태권 위한 개정안에 분노</a>

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Fortuna Mining

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