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Fortuna Silver Mines First Quarter 2024 Earnings: EPS: US$0.086 (vs US$0.037 in 1Q 2023)

Fortuna Silver Mines (TSE:FVI) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$224.9m (up 28% from 1Q 2023).

  • Net income: US$26.3m (up 141% from 1Q 2023).

  • Profit margin: 12% (up from 6.2% in 1Q 2023).

  • EPS: US$0.086 (up from US$0.037 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fortuna Silver Mines Earnings Insights

Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 12%.

Performance of the Canadian Metals and Mining industry.

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The company's shares are up 1.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Fortuna Silver Mines has 2 warning signs we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.