Carlos Baca of Fortuna Silver – Building A World Class Silver Producer

from FinancialSurvivalNet

Fortuna Silver is on track to become a world class supplier of the shiny metal and gold too. In the interests of full disclosure, I’ve owned shares in the company since 2010, and unlike many parts of my portfolio this one is up. They’ve got two mines producing now, one in Mexico and the other in Peru. They’ve got $60mm in the bank and they’re increasing production rapidly, perhaps doubling silver and gold output by 2014. The CEO is a fourth generation miner and they look like they have what it takes to become a major. In addition, with their overflowing warchest, they’re well positioned to snap up advanced explorers and undervalued resource companies around the world. This one is definitely worth watching.

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