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Fortuna Mining Corp ( (TSE:FVI) ) has provided an update.
Fortuna Mining Corp. has awarded Lycopodium Minerals Canada Ltd. the contract to conduct a study for expanding the processing plant at the Séguéla Mine in Côte d’Ivoire. This initiative aims to increase the plant’s throughput by 15 to 40 percent, supporting Fortuna’s growth strategy and potentially enhancing annual gold production to over 200,000 ounces. The expansion is part of Fortuna’s broader objective to achieve 500,000 ounces of annual gold equivalent production within three years, leveraging exploration successes and resource growth, including potential underground mineralization from the Sunbird deposit.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$15.50 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Spark’s Take on TSE:FVI Stock
According to Spark, TipRanks’ AI Analyst, TSE:FVI is a Outperform.
Fortuna Mining Corp’s overall stock score is driven by strong financial performance and bullish technical indicators. The company’s robust earnings call further supports its positive outlook, despite some valuation concerns and operational challenges.
To see Spark’s full report on TSE:FVI stock, click here.
More about Fortuna Mining Corp
Fortuna Mining Corp. is a Canadian precious metals mining company with operations in Argentina, Côte d’Ivoire, Mexico, and Peru, and a project in Senegal. The company focuses on producing gold and silver, emphasizing sustainability, environmental stewardship, and social responsibility.
Average Trading Volume: 1,543,605
Technical Sentiment Signal: Buy
Current Market Cap: C$4.26B
For an in-depth examination of FVI stock, go to TipRanks’ Overview page.