That’s a direct quote from Fortuna Silver’s (FSM) (FVI.to) NR on April 26th 2021, the day they announced they were buying out Roxgold. Which compares to the information contained in today’s NR:
- Proven and Probable Reserves decreased from 2.1 million tonnes averaging 6.78 g/t Au containing 464,000 ounces of gold to 1.4 million tonnes averaging 5.80 g/t Au containing 263,000 ounces of gold in the first six months of 2022 representing a 34 percent decrease in tonnes and 43 percent decrease in gold ounces.
- Measured and Indicated Resources excluding reserves remain relatively unchanged at 0.5 million tonnes averaging 6.10 g/t Au containing 95,000 ounces of gold
- Inferred Resources decreased slightly from 0.25 million tonnes averaging 4.41 g/t Au containing 35,000 ounces of gold to 0.14 million tonnes averaging 5.39 g/t Au containing 25,000 ounces of gold in the first 6 months of 2022.
So glad to read the good news about the M+I (exPP) remaining relatively unchanged. Meanwhile, FSM seems to have mislaid 200k oz of P+P gold but don’t worry, I’m sure they’ll turn up. Probably fell down the side of the sofa. And checking on stock performance since Roxgold was bought…
…gives something else to think about the next time any mining company, FVI or other, waxes lyrical about the quality of their technical teams and the depth of the DD they do on mine deposits. Is it any wonder the serious money sneers and mocks the mining sector? Pathetic management teams, full of their own self-importance who wouldn’t last five minutes in the real corporate world, paying performing monkeys to pump fairytales to dumb retail about assets that only ever work on a spreadsheet.