I’ve been happy about Fortuna Silver’s (FVI.to) (FSM) 15.7% rally this week, what with it being the biggest holding round these parts, and this morning’s 4q11 production NR plus 2012 guidance underscores the rally well.
The highlight for me is the 377k oz Ag production in the first real quarter at San José….that’s a great performance from a brand new mine (and on top of that comes the 3562 oz Au, which works too). The other big positive that catches the eye is FVI’s decision to move to 1500tpd there during 2012. Another very likeable line item is the record quarter just put in by the Caylloma mine in Peru (and that it finished the year with over 2m oz Ag production), though that was tempered slightly by a higher than expected cash cost number for 4q11.
The bottom line is that FVI kicked ass in the last quarter and looks on rails for 2012. But hey, no need to take my word for it, go see the numbers yourself and dyodd, dude.
disclosure: Yeah I’m long….like duh, dude