Jorge Ganoza and Fortuna Silver perform classical “Dressage” while Building a Diversified Precious Metals Company - Episode 18
Description
In the current backdrop, the U.S. Fed's favoured inflation gauges continue to accelerate and in an inflationary environment, the value of gold, silver and other precious metals are top-of-mind for investors.
In this episode, Kenrick is joined by Jorge Ganoza, President, CEO and Co-Founder of Fortuna Silver Mines to unpack a number of factors related to precious metals mining and investing. Fortuna recently completed the acquisition of Roxgold to create a low-cost, intermediate gold and silver producer, and announced 2021 gold equivalent production guidance of 283,000 to 323,000 ounces which represents a year-over-year increase of 90 to 116%.
With four producing mines and another eight development projects, Fortuna is an exciting growth story with strong free cash flow generation. Kenrick and Jorge discuss joining the family business, inflation and its relationship to gold and silver, the price of gold over the long term, investing in West Africa, management’s alignment with shareholders, and how Fortuna is thinking about ESG issues and responsible mining. Jorge also shares his love for equestrian events and the magic of Peruvian Paso horses.
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