Fortuna Silver Mines (FSM) Reports In-Line Q2 EPS, Beats on Revenues

Fortuna Silver Mines (NYSE: FSM) reported Q2 EPS of $0.06, in-line with the analyst estimate of $0.06. Revenue for the quarter came in at $63.9 million versus the consensus estimate of $58 million.

Second quarter consolidated financial highlights:

• Sales of $63.9 million, compared to $44.5 million in Q2 2016
• Net income of $8.9 million, compared to net loss of $1.4 million in Q2 2016
• Earnings per share of $0.06, compared to a net loss per share of $0.01 in Q2 2016
• Adjusted EBITDA of $26.4 million and Adjusted EBITDA margin over sales of 41%
• Cash flow from operations before changes in non-cash working capital of $16.7 million, compared to $7.4 million in Q2 2016
• Cash position, including short term investments, and working capital as at June 30, 2016 was $188.0 million and $186.8 million, respectively
• Silver and gold production of 2,116,863 and 14,547 ounces, respectively
• AISCC(i) per ounce of payable silver was $8.22

For earnings history and earnings-related data on Fortuna Silver Mines (FSM) click here.

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