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Company News

BUZZ-Fortuna Silver Mines: Falls to more than 3-yr low on lower Q1 sales

** Shares of the Canada-based miner fall 7.5% to C$3.56, touching more than a 3-yr low

** Co Q1 sales drop 16% to $59 mln due to a decline in metal prices and lower sales volumes in silver and gold; misses est of $61.10 mln, according to Refinitiv data

** Co says metal prices for silver fell 7%, lead 19% and zinc 21%, while sales volume for silver fell 7% and gold 11%

** U.S.-listed shares also down 8.4% at $2.63

** Including today’s losses, FVI down 29.2% YTD and FSM ~28% (Reporting by Shanti S Nair in Bengaluru)

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