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v3.24.1

Consolidated Statements of Income (Loss) - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
Consolidated Statements of Income (Loss) |  |
Sales | $ 842,428 | $ 681,491
Cost of sales | 652,403 | 534,695
Mine operating income | 190,025 | 146,796
Other Expenses [abstract] |  |
General and administration | 64,073 | 61,456
Foreign exchange loss | 10,885 | 8,866
Impairment of mineral properties, plant and equipment | 90,615 | 182,842
Write-off of mineral properties | 5,985 | 5,874
Other (income) expenses | 18,874 | 1,310
Operating expenses (income), total | 190,432 | 260,348
Operating loss | (407) | (113,552)
Other income (loss) |  |
Investment gains | 12,395 |
Interest and finance costs, net | (21,790) | (12,057)
(Loss) gain on derivatives | (1,249) | 500
Financial income (expense), total | (10,644) | (11,557)
Loss before income taxes | (11,051) | (125,109)
Income taxes |  |
Current income tax expense | 42,636 | 35,783
Deferred income tax expense (recovery) | (10,057) | (24,986)
Total tax expense | 32,579 | 10,797
Net loss for the year | (43,630) | (135,906)
Net loss attributable to: |  |
Fortuna shareholders | (50,836) | (128,132)
Non-controlling interest | $ 7,206 | $ (7,774)
Loss per share |  |
Basic | $ (0.17) | $ (0.44)
Diluted | $ (0.17) | $ (0.44)
Weighted average number of common shares outstanding (000's) |  |
Basic | 295,067 | 291,281
Diluted | 295,067 | 291,281

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