Company research
FORTUNA MINING CORP.
CIK 1341335Updated Nov 6, 2026
SecuritiesFSM · NYSE · equityFVI · TSX · equity
Name history
FORTUNA SILVER MINES INC · through Jun 21, 2024
FSM price & chart
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NYSE:FSM on TradingView ↗About the company
Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines in Argentina, Côte d’Ivoire, and Peru, and the feasibility -stage Diamba Sud Gold Project in Senegal. Our exploration portfolio spans our operating jurisdictions as well as Guinea and Guyana. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.com
In the news
Bambadji drill results support program expansion ↗
Fortuna intersects 1.9 g/t gold over 64 meters, confirming broad gold mineralization at Kabewest, Bambadji Project, Senegal ↗
Fortuna reports third quarter 2026 production of 69,665 gold equivalent ounces and advances key growth initiatives ↗
Financials
FY 2025 · USDSource
Source
Source
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cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Profit or LossUSD | 311,064,000Source | 141,906,000Source | -43,630,000Source | -135,906,000Source |
| Additional Financial Items | ||||
| AdjustmentsForCurrentTaxOfPriorPeriodUSD | -3,040,000Source | 4,717,000Source | 540,000Source | -101,000Source |
| AdjustmentsForDeferredTaxOfPriorPeriodsUSD | 3,165,000Source | 5,003,000Source | 6,879,000Source | -4,392,000Source |
| AdjustmentsForIncomeTaxExpenseUSD | 111,398,000Source | 70,303,000Source | 32,579,000Source | 10,797,000Source |
| AdjustmentsForUnrealisedForeignExchangeLossesGainsUSD | -5,857,000Source | 388,000Source | 5,706,000Source | 4,554,000Source |
| GeneralAndAdministrativeExpenseUSD | 97,740,000Source | 76,085,000Source | 64,073,000Source | 61,456,000Source |
| IncreaseDecreaseInWorkingCapitalUSD | 15,000Source | 72,482,000Source | 9,737,000Source | 18,021,000Source |
| InterestPaidClassifiedAsOperatingActivitiesUSD | 9,504,000Source | 14,844,000Source | 13,545,000Source | 7,465,000Source |
| InterestReceivedClassifiedAsOperatingActivitiesUSD | 13,874,000Source | 4,539,000Source | 3,654,000Source | 1,851,000Source |
| OtherAdjustmentsToReconcileProfitLossUSD | -1,596,000Source | 9,526,000Source | 5,142,000Source | — |
| PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivitiesUSD | 24,374,000Source | 20,690,000Source | 16,625,000Source | 12,209,000Source |
| PaymentsToAcquireOrRedeemEntitysSharesUSD | 10,267,000Source | 34,128,000Source | — | 5,929,000Source |
| ProceedsFromBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | 75,500,000Source | 80,000,000Source |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | 90,500,000Source | 20,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source |
| Selling, General and Administrative ExpenseUSD | 97,740,000Source | 76,085,000Source | 64,073,000Source | 61,456,000Source |
| Total RevenueUSD | 947,059,000Source | 1,062,037,000Source | 842,428,000Source | 681,491,000Source |
| Additional Financial Items | ||||
| ApplicableTaxRatenumber | 0.27Source | 0.27Source | 0.27Source | 0.27Source |
| BasicEarningsLossPerShareUSD per share | 0.94Source | 0.42Source | -0.17Source | -0.44Source |
| CurrentTaxExpenseIncomeUSD | 128,135,000Source | 91,751,000Source | 42,096,000Source | 35,884,000Source |
| DeferredTaxExpenseIncomeUSD | -13,697,000Source | -26,165,000Source | -10,057,000Source | -24,986,000Source |
| DeferredTaxExpenseIncomeRecognisedInProfitOrLossUSD | 13,697,000Source | 26,165,000Source | 10,057,000Source | 24,831,000Source |
| DepreciationAndAmortisationExpenseUSD | — | 226,779,000Source | 216,250,000Source | 171,447,000Source |
| DepreciationRightofuseAssetsUSD | 15,400,000Source | 15,000,000Source | 13,900,000Source | 9,000,000Source |
| DilutedEarningsLossPerShareUSD per share | 0.9Source | 0.41Source | -0.17Source | -0.44Source |
| ExpenseFromSharebasedPaymentTransactionsWithEmployeesUSD | 31,320,000Source | 11,687,000Source | 8,063,000Source | 10,311,000Source |
| GeneralAndAdministrativeExpenseUSD | 97,740,000Source | 76,085,000Source | 64,073,000Source | 61,456,000Source |
| GrossProfitUSD | 466,898,000Source | 343,607,000Source | 190,025,000Source | 146,796,000Source |
| IncomeTaxExpenseContinuingOperationsUSD | 111,398,000Source | 70,303,000Source | 32,579,000Source | 10,797,000Source |
| InterestExpenseUSD | — | — | 18,367,000Source | 8,885,000Source |
| InterestExpenseOnLeaseLiabilitiesUSD | 5,628,000Source | 4,512,000Source | 3,785,000Source | 2,466,000Source |
| OtherOperatingIncomeExpenseUSD | -58,507,000Source | -115,561,000Source | -190,432,000Source | -260,348,000Source |
| ProfitLossAttributableToNoncontrollingInterestsUSD | 23,595,000Source | 13,171,000Source | 7,206,000Source | -7,774,000Source |
| ProfitLossAttributableToOwnersOfParentUSD | 287,469,000Source | 128,735,000Source | -50,836,000Source | -128,132,000Source |
| ProfitLossBeforeTaxUSD | 400,175,000Source | 212,209,000Source | -11,051,000Source | -125,109,000Source |
| ProfitLossFromOperatingActivitiesUSD | 408,391,000Source | 228,046,000Source | -407,000Source | -113,552,000Source |
| RevenueFromInterestUSD | 14,547,000Source | 4,539,000Source | 3,654,000Source | 1,851,000Source |
Filing attachments
tmb-ex99d1.htm · 6-K · 2026-11-05
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS For the three and nine months ended September 30, 2026 and 2025 (UNAUDITED) Fortuna Mining Corp. Condensed Interim Consolidated Statements of Income (Unaudited - Tabular amounts presented in thousands of US dollars, except share and per share amounts) Three months ended September 30, Nine months ended September 30, ───…
Read attachment ↗tmb-ex99d2.htm · 6-K · 2026-11-05
MANAGEMENT’S DISCUSSION AND ANALYSIS For the three and nine months ended September 30, 2026 As of November 4, 2026 Fortuna | 1 Fortuna Mining Corp. (in US dollars, tabular amounts in millions, except where noted) Management’s Discussion and Analysis For the three and nine months ended September 30, 2026 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── This Manage…
Read attachment ↗tm2628818d1_ex99-1.htm · 6-K · 2026-11-02
Exhibit 99.1 Fortuna Advances Diamba Sud Gold Project Permitting in Senegal Vancouver, British Columbia, November 2, 2026: Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its progress at the Diamba Sud gold project, Senegal. Jorge A. Ganoza, CEO and Director of Fortuna, commented, “Following our July final investment decision on the 30% plant expansion at our flagship Séguéla mine, and with Diamba Sud advancing through the final stages of permitting, we are prog…
Read attachment ↗tm2628759d1_ex99-1.htm · 6-K · 2026-11-02
Exhibit 99.1 NEWS RELEASE Fortuna intersects 1.9 g/t gold over 64 meters, confirming broad gold mineralization at Kabewest, Bambadji Project, Senegal Vancouver, British Columbia, November 2, 2026: Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report encouraging first drilling results from the Kabewest prospect at its recently acquired Bambadji Project in Senegal. Kabewest is the most advanced drill-defined prospect at Bambadji and is located approximately 2.3 kilometers from the p…
Read attachment ↗tm2628123d1_ex99-1.htm · 6-K · 2026-10-22
Exhibit 99.1 NEWS RELEASE Fortuna to release third quarter 2026 financial results on November 4, 2026; Conference call at 12 p.m. Eastern time on November 5, 2026 Vancouver, British Columbia, October 22, 2026: Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its financial statements and MD&A for the third quarter of 2026 on Wednesday, November 4, 2026, after market close. A conference call to discuss the financial and operational results will be held on Thursday, No…
Read attachment ↗tm2627932d1_ex99-1.htm · 6-K · 2026-10-20
Exhibit 99.1 NEWS RELEASE Fortuna intersects 0.96 g/t gold over 350 meters at the Lindero Mine, Argentina Vancouver, British Columbia, October 20, 2026: Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report results from infill drilling designed to test open mineralization at depth and upgrade Inferred Mineral Resources below the current life-of-mine (“LOM”) pit design of the gold porphyry deposit at the Lindero Mine in Argentina. The results confirm that gold mineralization extends…
Read attachment ↗