Fortuna Silver Mines is trading 4.2% up now at $8.72 after the company approved a $109 million expansion project for the Séguéla Gold Mine in Côte d'Ivoire.
- The plan aims to boost processing capacity by approximately 30% and includes the development of the Sunbird underground mine.
- The expansion targets an annual gold production of roughly 200,000 ounces, providing a significant growth-focused update for investors.
- The stock is showing strength and lifting sentiment even as the broader materials sector faces downward pressure.