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3/14/16

Fortuna Silver (FSM) (FVI.to) reports its 4q15

On SEDAR tonight, you'll get the NR tomorrow morning for sure. Here's a numbery bit:

For the fourth quarter ended December 31, 2015 (“Q4 2015”), net loss amounted to $17.3 million (Q4 2014: income of $0.1 million), resulting in basic loss per share of $0.13 (Q4 2014: $nil). Loss before income tax for Q4 2015 was $21.2 million, compared with income of $3.4 million in Q4 2014.
 
The Company’s Q4 2015 adjusted net loss was $0.1 million (Q4 2014: income of $0.2 million), after adjusting for the non-cash impairment of Caylloma Mine, net of tax, of $17.0 million ($25.0 million before tax) and other minor items.

Or more simply: A miss.

Plus on the 4q15 numbers and the 2016 forecasts, its Caylloma mine is looking seriously tired.