Earnings season is in full swing, with companies reporting their Q2 results left, right and center. Today was Fortuna Silver Mines' (TSX:FVI,NYSE:FSM) turn — though the company officially released its second-quarter results yesterday, it held a conference call to discuss them this morning. Summing up Q2, Jorge A. Ganoza, president and CEO of Fortuna, told listeners, "it was overall a very good quarter." A quick look at the results put out by the company shows that his positivity is partially based on its financial performance — Fortuna generated net income of $2.9 million, up from a loss of $10.6 million in the year-ago quarter, while cash flow from operations "before changes in non-cash working capital" came to $15.1 million, a whopping 157-percent rise from the second quarter last year. That said, Fortuna's production numbers are also impressive. The company put out 1,630,422 ounces of silver and 8,519 ounces of gold; respectively, those are increases of 52 and 64 percent from Q2 2013. The numbers mean Fortuna is "in a position to exceed [its] annual guidance of 6 million ounces of silver and 32,000 ounces of gold," Ganoza said today. Even more positive is the fact that the company's all-in sustaining cash cost per ounce of payable silver, net of by-product credits, fell to $17.41, down 21 percent from the year-ago period. The drop came about due to "lower sustaining capital and brownfields exploration expenditures, higher payable ounces of silver and higher by-product credits," according to yesterday's press release. Ganoza said that figure is "in line with [Fortuna's] $17 guidance for the year." Market reaction Though Fortuna's Q2 results are certainly solid, investors have reacted somewhat tepidly — the company's share price hit a high of $6.45 yesterday, but that's only a 3.2-percent increase from Monday's closing price. Currently, shares of Fortuna are selling for just $5.89.