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Fortuna Reports Q3 2010 Cash Flow from Operations of US$ 5.07 Million; Construction at San Jose Ag-Au Project on Schedule and Budget
Fortuna Reports Q3 2010 Cash Flow from Operations of US$ 5.07 Million; Construction at San Jose A...
About this update from Fortuna Mining Corp.
[{"type":"text","content":"\n\n\n\n Nov. 12, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVANCOUVER, Nov. 12 /CNW/ - Fortuna Silver Mines Inc. (TSX: FVI / Lima Stock Exchange: FVI) - is pleased to announce that it has filed its financial statements and\n MD&A for the three months ended September 30, 2010 and herein provides\n an update on construction activities at the San Jose silver-gold\n Project, Mexico. Fortuna reported cash flow from operations of US$ 5.07\n million in Q3 of 2010 on revenues of US$ 18.04 million.  The full\n documents are available on SEDAR and have also been posted on the\n Company's website at www.fortunasilver.com.\n\n\nThird quarter 2010 highlights:\n\n\n\nCash flow from operations before changes in non-cash working capital of\n US$ 5.07 million, compared to US$ 2.66 million in Q3 2009\n\n\nRevenue of US$ 18.04 million, compared to US$ 13.23 million in Q3 2009\n\n\nOperating income of US$ 4.68 million, compared to US$ 4.39 million in Q3\n 2009\n\n\nNet loss of US$ 2.54 million, compared to a net loss of US$ 0.56 million\n in Q3 2009\n\n\nSilver production of 474,489 oz; 14% increase over Q3 2009 \n\n\nNegative cash cost per ounce of payable silver of US$ 4.97, net of\n by-product credits; 5% decrease over Q2 2010\n\n\nCash position (including short term investments) and working capital as\n at September 30, 2010 were US$ 55.2 million and US$ 58.67 million\n respectively\n\n\nConstruction activities at the San Jose Ag-Au Project are on schedule\n and on budget\n\n\n...