First-quarter 2008 financial results for Vancouver-based Fortuna Silver Mines Inc. (TSX-V:FVI) show a net loss of $0.64 million compared with a net loss of $1.8 million for the same period in 2007.
Comparative sales for the quarters were $6.8 million in 2008 and $5.7 million for 2007.
Fortuna's Caylloma mine in Peru, which has been operating since late 2006, has had a fifth consecutive quarter of growth.
The company's silver production in the quarter was up 65% to 140,239 ounces, lead production was up 84% to 1,189 tonnes and zinc production was up 77% to 2,079 tonnes over the first quarter of 2007.
Fortuna spent $2 million developing its San Jose project in Mexico during the quarter.
The company's share price range during the past week: steady at $2.20; 52-week high: $3.96; 52-week low: $1.78.