PCJ Investment Counsel’s Fortuna Silver Mines FSM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$2.57M	Sell	258,330 -228,190	-47%	-$2.47M	0.73%	47
2025 Q4	$4.77M	Buy	486,520 +94,790	+24%	+$853K	1.18%	32
2025 Q3	$3.51M	Buy	391,730 +23,620	+6%	+$172K	0.98%	34
2025 Q2	$2.42M	Sell	368,110 -62,590	-15%	-$388K	0.83%	41
2025 Q1	$2.62M	Buy	430,700 +14,240	+3%	+$70.8K	1.02%	29
2024 Q4	$1.79M	Buy	416,460 +177,220	+74%	+$845K	0.6%	45
2024 Q3	$1.11M	Sell	239,240 -1,690	-0.7%	-$8.01K	0.35%	59
2024 Q2	$1.18M	Buy	+240,930	New	+$1.21M	0.49%	61
2019 Q4	–	Sell	-113,100	Closed	-$350K	–	68
2019 Q3	$350K	Buy	113,100 +1,260	+1%	+$4.6K	0.18%	62
2019 Q2	$319K	Sell	111,840 -74,280	-40%	-$215K	0.03%	63
2019 Q1	$620K	Buy	186,120 +70,460	+61%	+$261K	0.05%	62
2018 Q4	$423K	Sell	115,660 -56,890	-33%	-$210K	0.04%	54
2018 Q3	$753K	Sell	172,550 -210	-0.1%	-$1.03K	0.06%	56
2018 Q2	$982K	Sell	172,760 -1,700	-1%	-$9.51K	0.06%	54
2018 Q1	$909K	Hold	174,460	–	–	0.06%	55
2017 Q4	$913K	Buy	174,460 +24,400	+16%	+$110K	0.06%	61
2017 Q3	$655K	Buy	150,060 +25,500	+20%	+$120K	0.04%	65
2017 Q2	$609K	Buy	124,560 +39,560	+47%	+$190K	0.04%	63
2017 Q1	$441K	Buy	+85,000	New	+$502K	0.03%	74
2016 Q4	–	Sell	-141,590	Closed	-$1.02M	–	70
2016 Q3	$1.02M	Buy	+141,590	New	+$1.18M	0.06%	55