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Fortuna Mining Corp
(TSX:FVI)
Fortuna Mining Corp (FVI) vs. iShares MSCI Canada ETF (EWC)
Fortuna Mining Corp Business Overview & Revenue Model
Fortuna Mining Corp Earnings Call Summary
Fortuna Mining Corp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.10B | 1.06B | 842.43M | 681.49M | 599.85M | 278.97M |
| Gross Profit | 414.67M | 343.61M | 190.03M | 146.80M | 205.48M | 110.22M |
| EBITDA | 546.76M | 471.21M | 233.78M | 59.05M | 242.05M | 106.62M |
| Net Income | 157.67M | 128.74M | -50.84M | -135.91M | 57.88M | 21.55M |
Balance Sheet | ||||||
| Total Assets | 2.14B | 2.12B | 1.97B | 1.88B | 2.02B | 1.06B |
| Cash, Cash Equivalents and Short-Term Investments | 394.02M | 231.33M | 128.15M | 80.57M | 107.51M | 132.96M |
| Total Debt | 216.04M | 194.01M | 264.25M | 240.52M | 186.89M | 178.11M |
| Total Liabilities | 595.87M | 649.46M | 679.74M | 587.53M | 592.35M | 329.57M |
| Stockholders Equity | 1.49B | 1.40B | 1.24B | 1.24B | 1.38B | 725.77M |
Cash Flow | ||||||
| Free Cash Flow | 238.27M | 161.90M | 79.59M | -56.99M | -5.15M | -20.94M |
| Operating Cash Flow | 436.88M | 365.68M | 296.91M | 194.25M | 147.14M | 93.39M |
| Investing Cash Flow | -129.33M | -194.44M | -216.88M | -255.33M | -118.50M | -113.65M |
| Financing Cash Flow | -36.47M | -66.14M | -32.72M | 38.47M | -51.42M | 68.91M |
Fortuna Mining Corp Technical Analysis
Fortuna Mining Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.94B | 25.25 | 8.70% | 0.39% | 39.43% | -6.41% | |
71 Outperform | $3.45B | 14.96 | 11.63% | ― | 13.55% | 5720.77% | |
70 Outperform | $8.74B | ― | 0.76% | 0.16% | 66.45% | 92.96% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ― | ― | ― | ― | ― | 73.65% | |
52 Neutral | C$2.43B | 152.08 | -3.11% | ― | 130.83% | -208.57% | |
48 Neutral | $4.28B | ― | -3.52% | ― | ― | -16.28% |
Fortuna Mining Corp Corporate Events
Fortuna Mining Corp has released a Preliminary Economic Assessment (PEA) for its Diamba Sud Gold Project in Senegal, revealing strong economic potential with an after-tax IRR of 72% and an NPV5% of $563 million at a gold price of $2,750 per ounce. The project is expected to produce an average of 147,000 ounces of gold annually in the first three years at an AISC of $904 per ounce, with a payback period of ten months. The company is advancing towards a construction decision in 2026, supported by robust financials and ongoing exploration efforts aimed at extending the project’s life beyond a decade.
The most recent analyst rating on (TSE:FVI) stock is a Sell with a C$9.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp. reported a production of 72,462 gold equivalent ounces for the third quarter of 2025, slightly down from the previous year but up from the second quarter. The company remains on track to meet its annual production guidance of 309,000 to 339,000 GEO. Significant developments include permit approvals for new satellite pits and successful exploration at the Sunbird underground project, which could optimize future mine plans. Additionally, infrastructure projects such as the tailings storage facility expansion and solar power plant construction are progressing, indicating a strategic focus on sustainability and operational efficiency.
The most recent analyst rating on (TSE:FVI) stock is a Hold with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp has filed an Environmental and Social Impact Assessment (ESIA) for its Diamba Sud Gold Project in Senegal, marking a significant step in the project’s permitting process. This move underscores the company’s commitment to high environmental and social standards and aims to advance the project towards a construction decision by the first half of 2026. The company is also progressing with its Preliminary Economic Assessment (PEA), scheduled for completion in the fourth quarter of 2025, and plans to move to a definitive feasibility study thereafter. Recent drilling activities have expanded the project’s mineral resources significantly, with further exploration planned to continue until the end of the year.
The most recent analyst rating on (TSE:FVI) stock is a Hold with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp. has announced a strategic exploration alliance with DeSoto Resources Limited to explore the Siguiri Basin in Guinea, a region known for its potential to host significant gold deposits. This agreement marks Fortuna’s expansion in West Africa and involves forming a joint venture company to identify and develop promising projects, with Fortuna holding a majority stake and funding exploration efforts. The collaboration aims to leverage DeSoto’s expertise in West African exploration, potentially enhancing Fortuna’s industry positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (TSE:FVI) stock is a Hold with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp has announced a $19 million generative exploration program targeting projects in Côte d’Ivoire, Mexico, and Argentina. The program aims to unlock new growth opportunities by advancing promising projects, with significant exploration activities planned across various sites. The Guiglo Project in Côte d’Ivoire, for instance, has shown promising geochemical anomalies, while the Centauro Project in Mexico is set to undergo drilling to test its potential as a preserved precious metal system. These initiatives reflect Fortuna’s strategic focus on expanding its exploration footprint and enhancing its industry positioning.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp. announced its participation in the Mining Forum Americas 2025 in Colorado Springs, where CEO Jorge A. Ganoza will present. This event, being the largest gathering of precious commodity equities, provides Fortuna an opportunity to enhance its visibility and engage with investors, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp has announced successful exploration drilling results from the Kingfisher and Sunbird deposits at the Séguéla Mine in Côte d’Ivoire. The drilling program at Kingfisher has confirmed significant mineralization, with notable intersections including 4.5 g/t Au over 37.4 meters, and efforts are underway to extend the strike and depth of the deposit. At Sunbird, deep exploration drilling has yielded excellent results, expanding the mineralized envelope and identifying shallow mineralization near the surface. These developments enhance the geological confidence and potential of the deposits, with drilling set to continue through 2025, potentially impacting Fortuna’s operational capabilities and market positioning.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp has announced significant exploration drilling results from the Southern Arc deposit at the Diamba Sud Gold Project in Senegal. The drilling, which has revealed high-grade gold intercepts, highlights the potential for resource growth, with the deposit remaining open to the south, east, and at depth. Drilling is set to resume in September, with further results expected by the end of the year, potentially enhancing Fortuna’s industry positioning and offering promising implications for stakeholders.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
The recent earnings call of Fortuna Silver Mines painted a picture of strong financial and operational performance, with significant achievements in safety, liquidity, and exploration success in West Africa. However, the company faces challenges with reduced production due to mine sales and increased all-in sustaining costs (AISC). The sentiment expressed during the call was balanced, highlighting both the achievements and the challenges faced by the company.
Fortuna Silver Mines is a mining company primarily involved in the extraction of gold and silver, with operations spanning across several countries, including Argentina, Côte d’Ivoire, and Peru. The company is known for its strategic focus on expanding production and optimizing its asset portfolio.
Fortuna Mining Corp reported strong financial results for Q2 2025, with liquidity exceeding half a billion dollars, positioning the company for growth opportunities such as the expansion of the Séguéla Mine and the Diamba Sud project. The company achieved a record EBITDA margin of 55% due to higher gold prices, and despite higher AISC driven by capital expenditures, it remains on track to meet its annual production guidance. Fortuna’s operational highlights include a gold equivalent production of 75,950 ounces and a significant increase in mineral resources at the Diamba Sud project, reflecting a strong growth trajectory.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp. has announced an updated Mineral Resource estimate for its Diamba Sud Gold Project in Senegal, showing a substantial increase in both indicated and inferred gold resources. The company plans to complete a Preliminary Economic Analysis by the fourth quarter of 2025, which could enhance its operational capabilities and strengthen its position in the gold mining sector.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp. has announced the release of its second quarter 2025 financial results on August 6, 2025, with a subsequent conference call scheduled for August 7, 2025. The release and discussion of these results are crucial for stakeholders as they provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.