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Fortuna Silver Mines has reported an 84% fall in net income to US$2.2 million for the first quarter of 2019 from $13.8 million in the same quarter a year ago as sales fell 16% from $70.4 million to $59 million due to lower prices for silver, lead and zinc. Adjusted net income fell 36.3% to $8.4 million from $13.2 million a year ago.
High pressure grinding roll plant installation at Lindero in Argentina
The company's free cash flow fell 86.9% from $16.8 million in the first quarter of 2018 to $2.2 million in this year's first quarter as it produced 2.2 million ounces of silver and 13,314oz of gold.
Fortuna--while fairly well insulated from inflationary pressures--saw Q1 income hit by higher costs
Fortuna faces San Jose stoppage
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