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Fortuna Mining Corp ( (TSE:FVI) ) has shared an update.
On April 23, 2026, Fortuna Mining Corp. reported a 15% year-over-year increase in consolidated Proven and Probable mineral reserves to about 3.0 million gold-equivalent ounces, after production depletion, underpinned mainly by upgrades at the Séguéla mine. The company also posted a 56% rise in Measured and Indicated resources to 2.1 million gold-equivalent ounces and a 4% increase in Inferred resources to 2.2 million gold-equivalent ounces, reflecting strong drilling results across its portfolio.
At Séguéla’s Sunbird underground deposit, reserves rose 34% to 539,000 ounces of gold and Inferred resources climbed 55% to 417,000 ounces, driven by infill and exploration drilling completed in the second half of 2025. Fortuna said the Diamba Sud project feasibility study remains on track to support an initial reserve declaration and a construction decision by the end of the current quarter, signaling potential future production growth that could further strengthen the company’s regional footprint and long-term mine life.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$14.00 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 FVI Stock
According to Spark, TipRanks’ AI Analyst, FVI is a Outperform.
The score is driven primarily by improved financial performance (material margin and cash flow strength with conservative leverage) and a constructive, growth-focused earnings call backed by strong liquidity. Valuation is supportive with a low P/E, while technical signals are only moderately positive and remain largely neutral on momentum.
To see Spark’s full report on FVI stock, click here.
More about Fortuna Mining Corp
Fortuna Mining Corp. is a precious metals producer with operating gold and silver mines and development projects in West Africa and Latin America. Its portfolio includes the Séguéla mine in Côte d’Ivoire, the Lindero gold mine and Arizaro project in Argentina, the Caylloma silver mine in Peru, and the Diamba Sud gold project in Senegal, focused on growing gold-equivalent reserves and resources.
Average Trading Volume: 1,210,962
Technical Sentiment Signal: Buy
Current Market Cap: C$4.2B
For a thorough assessment of FVI stock, go to TipRanks’ Stock Analysis page.