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Take physic, pomp

Fortuna Silver (FSM): Los Ganoza pick their scapegoat

Of course they don’t blame the people who bought Roxgold…

…as that would mean blaming themselves. They lay it on the people who fooled them into thinking it was worth that much.

VANCOUVER, British Columbia, Aug. 17, 2022 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces the voluntary resignation of Paul Criddle from the position of Chief Operating Officer – West Africa effective September 30, 2022. Paul presented his resignation due to personal reasons and will remain as a senior advisor to the Company until the completion of the construction of the Séguéla Mine in Cote d´Ivoire.

Paul joined Fortuna on July 2, 2021, after the completion of the acquisition of Roxgold Inc., and has made significant contributions to the seamless integration of both companies, while spearheading the construction of the Séguéla Mine in Côte d´Ivoire. The overall project was 66 percent complete as of June 30, 2022.

Continues here. So Sanu losing $4.2m in Q2 gave them the excuse. Funny how Criddle didn’t want to hang around to see Séguéla finished. For personal reasons, of course.}

PS: FSM 2q22 G&A was $14.8m, of which corporate G&A was $8.6m! And they blame the mine managers. Let’s hope the reception areas have some seriously good artwork to look at, we wouldn’t want to think directors are wasting shareholder cash, after all.

1 Comment

    They should have mentioned he left to spend more time with his family.

    Reply

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