Fortuna Silver Mines Inc. (NYSE:FSM,TSX:FVI) announced their 2012 results, including revenues of $161 million and net income of $31.5 million for the year and record gold and silver production that beat estimates.
As quoted in the press release:
?Record silver and gold production for the year increased to a record 3,987,757 ounces and 20,699 ounces, respectively, at a consolidated cash cost per ounce, net of by-product credits, of $5.96.
Fortuna?s President and CEO, Jorge A. Ganoza, said:
Our robust financial performance in 2012 reflects Fortuna?s record silver and gold production, which exceeded guidance by 8% and 19%, respectively, as well as the company?s low-cost metal delivery.? Our 2012 consolidated cash cost per ounce of silver, net of by products, of $5.96, once again positions Fortuna as one of the lowest cost silver producers in the industry.
To view the whole press release, click here.
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