Fortuna Mining Corp.·Basic Materials

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Fortuna Mining NYSE: FSM reported what executives described as a record first quarter of 2026, citing higher realized precious metals prices, stable operating execution and strong cash generation across its mines in West Africa and Latin America.

Fortuna Mining Corp. (FVI:CA) Q1 2026 Earnings Call Transcript

(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) ("Fortuna" or the "Company") today reported its financial and operating results for the first quarter of 2026.

(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) Fortuna generates record quarterly free cash flow 1 of $174.0 million and adjusted attributable net income 1 of $111.0 million VANCOUVER, British Columbia, May 06, 2026 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the first quarter of 2026. (Results from the Company's San Jose and Yaramoko assets have been excluded from the 2025 comparative figures, due to the classification of the assets as discontinued in the previous period.

Fortuna Mining put together solid results in 2025 despite setbacks at Lindero and had another strong quarter in Q1'26 at Seguela, tracking well against annual guidance. Meanwhile, although recent non-core asset sales have been a dent in per share metrics, two growth projects are set to push production towards 500,00 GEOs by 2029. On a negative note, this growth comes entirely from West Africa, which has put severe pressure on FSM's multiples even as free cash flow per share continues to climb.
Fortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada.
Basic Materials
Gold
4,961
2007-01-08
2.09