Fortuna Mining reports Q1 EPS 20c, consensus 21c

Reports Q1 revenue $290.1M vs. $200.9M last year. Jorge Ganoza, CEO, commented, “Following a strong end to 2024, the Company delivered a new record quarter of free cash-flow from operations at $111.3 million. Quarter over quarter, we realized 8% higher gold prices with lower all-in-sustaining-costs, leading to an expanded free cash flow margin from ongoing operations of 38% compared to 31%. Furthermore, we are streamlining our portfolio by divesting high cost, short-life assets allowing us to direct capital and management’s focus towards higher-value opportunities, such as growing production at our most profitable mines.”