Fortuna Silver Mines' 1Q Silver, Gold Output Rise

Fortuna Silver Mines Inc. (TSX: FVI; NYSE: FSM) reports that first-quarter output amounted to 2.4 million ounces of silver, along with 15,041 ounces of gold. These are increases of 18% and 14%, respectively, from the first quarter of 2017. The company says it is on track to meet annual guidance of 8.3 million ounces of silver and 48,300 ounces of gold. Meanwhile, first-quarter lead production fell 2% to 7 million pounds, while zinc production rose 2% to 11 million.

By Allen Sykora of Kitco News; asykora@kitco.com

 

Osisko Closes Financing On Victoria Gold’s Project

Monday April 16, 2018 09:33

Osisko Gold Royalties Ltd. (TSX, NYSE: OR) says it has completed the previously announced C$148 million financing with Victoria Gold Corp. (TSXV: VIT), in which Osisko received a 5% net-smelter-return royalty for C$98 million on the Dublin Gulch property, which hosts the Eagle gold project, in Canada’s Yukon. Osisko also purchased, on a private-placement basis, 100 million common shares of Victoria at 50 Canadian cents each. “The addition of the Eagle royalty strengthens our Canadian asset base and adds near-term Canadian gold to Osisko’s growth profile from a fully permitted, fully-financed and shovel-ready project located in Yukon, a premier mining jurisdiction,” says Sean Roosen, chair and chief executive officer of Osisko.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Source: Fortuna Silver Mines' 1Q Silver, Gold Output Rise

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