Fortuna Silver Mines (TSE:FVI) has released an update.
Fortuna Silver Mines Inc. has announced the renewal of its plan to repurchase up to five percent of its outstanding common shares through a normal course issuer bid (NCIB). The buyback program will commence on May 2, 2024, and will continue until May 1, 2025, or until the maximum number of shares are repurchased or otherwise decided by the company. This strategic move, aimed at cancellation of the acquired shares, reflects the company’s belief that its stock is undervalued and represents a wise investment of its corporate funds.
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