David Laing - Fortuna Silver Director

FVI Stock  CAD 6.37  0.24  3.92%   

Director

Mr. David C. Laing is an Independent Director of the Company since 2016.
Age 61
Tenure 8 years
Address 200 Burrard Street, Vancouver, BC, Canada, V6C 3L6
Phone604-484-4085
Webhttps://fortunasilver.com
Laing is a mining engineer with over 35 years of experience in the industry. He is the COO of Equinox Gold Corporation and was the COO of Luna Gold from August 2016 until it merged with JDL Gold in March 2017 to form Trek Mining. Before joining Luna Gold, David was the COO of True Gold, which developed the Karma gold mine in Burkina Faso and was acquired by Endeavour Mining in April 2016. Prior to joining True Gold, David was COO and EVP of Quintana Resources Capital, a base metals streaming company. David was also one of the original executives of Endeavour Mining, a gold producer in West Africa. Prior to these recent roles, David held senior positions in mining investment banking at Standard Bank in New York, technical consulting at MRDI in California, the Refugio project at Bema Gold Corporationrationration, and various roles at Billiton with operations in Peru, South Africa, and northern Chile.

Fortuna Silver Management Efficiency

The company has return on total asset (ROA) of 0.0139 % which means that it generated a profit of $0.0139 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0339) %, meaning that it generated substantial loss on money invested by shareholders. Fortuna Silver's management efficiency ratios could be used to measure how well Fortuna Silver manages its routine affairs as well as how well it operates its assets and liabilities. As of the 24th of April 2024, Return On Tangible Assets is likely to drop to -0.03. In addition to that, Return On Capital Employed is likely to grow to -0.0002. At this time, Fortuna Silver's Tangible Asset Value is very stable compared to the past year. As of the 24th of April 2024, Fixed Asset Turnover is likely to grow to 0.58, while Other Current Assets are likely to drop about 100.7 K.
The company has accumulated 43.9 M in total debt with debt to equity ratio (D/E) of 14.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Fortuna Silver Mines has a current ratio of 2.66, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Fortuna Silver until it has trouble settling it off, either with new capital or with free cash flow. So, Fortuna Silver's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortuna Silver Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortuna to invest in growth at high rates of return. When we think about Fortuna Silver's use of debt, we should always consider it together with cash and equity.

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Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada. FORTUNA SILVER operates under Silver classification in Canada and is traded on Toronto Stock Exchange. It employs 1023 people. Fortuna Silver Mines (FVI) is traded on Toronto Exchange in Canada and employs 30 people. Fortuna Silver is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Fortuna Silver Mines Leadership Team

Elected by the shareholders, the Fortuna Silver's board of directors comprises two types of representatives: Fortuna Silver inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortuna. The board's role is to monitor Fortuna Silver's management team and ensure that shareholders' interests are well served. Fortuna Silver's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortuna Silver's outside directors are responsible for providing unbiased perspectives on the board's policies.
Linda Desaulniers, Corporate Officer
David Laing, Director
BSc BSc, Chief Officer
Eric PGeo, Senior Services
Michael Iverson, Independent Director
Jorge Ganoza, President CEO, Director
Thomas Vehrs, VP of Exploration
PGradDip BAppScGeol, Senior Exploration
Jose Puga, VP Projects
Gordon Jang, Vice President - Finance & Accounting
Jorge Durant, President CEO, Director
Mario Szotlender, Co-Founder, Director, Chairman of Corporate Governance and Nominating Committee and Chairman of Compensation Committee
Eric Chapman, Vice President - Technical Services
Luiz Camargo, Country Mexico
Kevin OReilly, Vice Accounting
Manuel RuizConejo, Vice President - Operations
Carlos Baca, Investor Relations Manager
Thomas Kelly, Independent Director
Robert Gilmore, Independent Director
David Farrell, Independent Director
Alfredo Valdez, Director
Kylie Dickson, Director
Jose Pacora, Vice President- Project Development
David Volkert, Vice President of Exploration
Eng BSc, President, CoFounder
Manuel Carlos, VP Mining
Simon Ridgway, Co-Founder and Chairman
Armando Nakamura, Vice People
Luis Durant, CFO
Cesar Velasco, Chief America

Fortuna Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fortuna Silver a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Fortuna Silver Mines is a strong investment it is important to analyze Fortuna Silver's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortuna Silver's future performance. For an informed investment choice regarding Fortuna Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortuna Silver Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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Please note, there is a significant difference between Fortuna Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortuna Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortuna Silver's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.