Fortuna Mining Renews Share Repurchase Program | Arcadia Economics

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Summary

➡ Arcadia Economics talks about how Fortuna Mining has restarted its share buyback program, a move that helped strengthen their financial position last year. The company’s CEO, Jorge Ginoza, often discusses this strategy. In other news, Fortuna recently sold the Eramoco Mine in Burkina Faso and the San Jose Mine.

 

Transcript

Well hello there my friends, Chris Marcus here with you for Arcadia Economics and just a quick update this morning as we did have news out from Fortuna Mining as they have renewed their share repurchase program. That’s something that they were active in last year and that share repurchase program now has been renewed. Obviously something that Jorge Ginoza, CEO of Fortuna Mining has talked about quite a bit in terms of strengthening their balance sheet and that is one of the ways in which they have done that. Also some other recent news that Fortuna will get even more color on soon because Fortuna did recently announce the sale of the Eramoco Mine in Burkina Faso and also completed the sale of the San Jose Mine and fortunately they have earnings coming up.

We’ll be released on the night of May 7th and hit the market on May 8th and we’ll be having Jorge join us for a call where we can take questions and dig into all those things. So that will be next Thursday. Of course you can always find out more at fortunamining.com and certainly it will be fun to see what the earnings looked like with the once again elevated gold price in the first quarter. So again that call with Jorge will be next Thursday May 8th at 4 30 p.m eastern here on the Arcadia Economics channel and we’ll look forward to seeing you then.

So go out have a great day and thanks for being here. [tr:trw].

See more of Arcadia Economics on their Public Channel and the MPN Arcadia Economics channel.

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