Fortuna Mining Corp. Sells San Jose Mine to Focus on Core Assets

Fortuna Silver Mines ( (TSE:FVI) ) just unveiled an update.

Fortuna Mining Corp. has announced the sale of its non-core asset, the San Jose Mine in Mexico, to Minas del Balsas S.A. de C.V., a private Mexican company. This transaction, valued at up to $17 million, allows Fortuna to concentrate on higher value opportunities within its portfolio, while retaining a 1% net smelter royalty on San Jose Mine’s production for five years. The completion of the sale is expected in the first quarter of 2025, and it is seen as a strategic move to optimize Fortuna’s asset base and benefit local stakeholders.

More about Fortuna Silver Mines

Fortuna Mining Corp. is a Canadian precious metals mining company operating five mines across Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru, with a gold project in Senegal. The company focuses on producing gold and silver while emphasizing sustainability in its operations.

YTD Price Performance: -0.44%

Average Trading Volume: 8,395,136

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.43B

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