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Lower sales, higher tax hit Fortuna Silver

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.

Lower sales, higher tax hit Fortuna Silver Lower sales, higher tax hit Fortuna Silver Lower sales, higher tax hit Fortuna Silver Lower sales, higher tax hit Fortuna Silver Lower sales, higher tax hit Fortuna Silver

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.