NEW YORK, Feb. 04, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fortuna Silver Mines Inc. (“Fortuna” or the “Company”) (NYSE: FSM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Fortuna and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On January 5, 2022, Fortuna issued a press release “report[ing] that its Mexican subsidiary, Compania Minera Cuzcatlan (‘Minera Cuzcatlan’), has received written notice of a resolution . . . issued by the Secretaria de Medio Ambiente y Recursos Naturales (‘SEMARNAT’) which provides that SEMARNAT is re-assessing the 12-year extension (‘EIA Extension’) to the environmental impact authorization (‘EIA’) for the San Jose Mine, located in Oaxaca, Mexico that it granted to Minera Cuzcatlan in December 2021[.]”
On this news, Fortuna’s stock price fell $0.43 per share, or 10.97%, to close at $3.49 per share on January 5, 2023.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
