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Fortuna Mining price target raised to $8.50 from $8 at Scotiabank

Scotiabank raised the firm’s price target on Fortuna Mining (FSM) to $8.50 from $8 and keeps a Sector Perform rating on the shares. Fortuna Mining recently released a Preliminary Economic Assessment for its Diamba Sud project in Senegal, the analyst tells investors. The definitive feasibility study is set to be completed at Q2 of 2026, with construction to start as early as Q4 of 2026, the firm adds.

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