06:41 AM EDT, 04/08/2024 (MT Newswires) -- Fortuna Silver Mines Inc. ( FSM ) reported Monday first-quarter production of 112,543 gold equivalent ounces, including lead and zinc by-products, a 20% increase from the year-ago quarter.

The company reiterated its 2024 annual production guidance range of 457,000 to 497,000 gold equivalent ounces.

The company repaid US$40 million on its credit facility in the first quarter, resulting in a total of US$121 million paid since the third quarter of 2023.

Fortuna at last look rose 3.4% in US pre-market trading on Monday.