=Fortuna Silver Mines (FSM) reported earnings on Wed 24 May 2017 (a/h)

Fortuna Silver Mines beats by $0.03 :

• Reports Q1 (Mar) earnings of $0.08 per share, $0.03 better than the Capital IQ Consensus of $0.05; revenues rose 51.8% year/year to $64.8 mln.
• Silver and gold annual production for the first quarter increased 40% and 43%, respectively, over the first quarter of 2016 to 1,792,967 ounces and 13,116 ounces. The increase was the result of higher throughput of 49% offset by lower head grades of 6% for silver and 3% for gold.
• "The Company's financial strength and robust cash position will provide the necessary flexibility to meet funding requirements upon a construction decision at Lindero in the third quarter of 2017."