FSMFortuna Silver Mines Inc.

In junior gold mining, capital has long been treated as the limiting factor. Companies secure exposure to projects through royalties, joint ventures, or net profit interests, preserving balance sheets while avoiding operational risk. But in a market where gold prices are pressing toward historic highs, a different constraint is emerging. It is not capital. It is control.The ability to influence timelines, throughput, and ultimately cash flow has become a defining distinction across the sector. A passive interest is only as valuable as the operator executing it. An operating asset, by ...