Fortuna Mining's earnings call highlighted strong financial and operational performance, with significant growth in resources and improvements in safety and efficiency. However, there were challenges such as increased AISC and withholding taxes impacting earnings. Despite these, the overall outlook is positive with clear growth opportunities.

Company Guidance -

Q3 2025

During the Fortuna Mining Corp.'s Second Quarter 2025 Financial and Operational Results Call, several key metrics and strategic updates were highlighted. The company reported a record 7.2 million work hours without any lost time injury, an improvement from 6.7 million hours in the previous period. Financially, liquidity was strong at $537 million, up $76 million from the prior quarter, with net cash rising to $215 million. The average realized gold price was $3,306 per ounce, a 14% increase from Q1, contributing to a record EBITDA margin of 55%. Net earnings from continued operations were $41 million or $0.14 per share, with adjusted EPS also at $0.14. Operationally, consolidated gold equivalent production was 75,950 ounces, with a cash cost of $929 per ounce and a consolidated AISC of $1,932 per ounce. Looking forward, the company aims to rebuild production to 0.5 million ounces annually, with significant contributions expected from its flagship Seguela mine and the emerging Diamba Sud project in Senegal, supported by a robust balance sheet and strategic initiatives focused on operational excellence and productivity.

Strong Liquidity and Financial Position

Fortuna Mining reported $537 million in liquidity and $215 million in net cash, indicating a strong balance sheet and financial health.

Significant Growth in Resources at Diamba Sud

The indicated resource at Diamba Sud grew by 53%, and inferred resources by 93%, for a total of 1 million ounces, showcasing strong growth potential.

Record Safety Performance

The company recorded 7.2 million work hours without any lost time injury, improving from 6.7 million work hours previously, highlighting improvements in safety.

Strong Financial Performance

Net earnings from continued operations were $41 million, up from $33 million in the previous quarter. EBITDA margin grew to a record 55%, up from 50% in Q1.

Positive Operational Developments at Seguela

Seguela produced 38,186 ounces of gold, consistent with the prior quarter, and plans to achieve the higher end of its 160,000 to 180,000 ounces of annual production from 2026.

Progress in Renewable Energy Initiatives

Commissioned a photovoltaic plant at Lindero, generating 1 million watts per hour and saving nearly $270,000 in diesel costs.

Improved Operational Efficiency

Lindero achieved record crushing and stacking rates, with production costs decreasing and margins improving.

Fortuna Mining Corp (FSM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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FSM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.19 / -	0.16	―	―	―
Aug 06, 2025	2025 (Q2)	0.18 / 0.14	0.13	7.69% (+0.01)
May 07, 2025	2025 (Q1)	0.22 / 0.20	0.09	122.22% (+0.11)
Mar 06, 2025	2024 (Q4)	0.16 / 0.03	0.068	-55.88% (-0.04)
Nov 07, 2024	2024 (Q3)	0.12 / 0.16	0.1	60.00% (+0.06)
Aug 08, 2024	2024 (Q2)	0.14 / 0.13	0.01	1200.00% (+0.12)
May 08, 2024	2024 (Q1)	0.05 / 0.09	0.05	80.00% (+0.04)
Mar 07, 2024	2023 (Q4)	0.09 / 0.07	0.023	195.65% (+0.05)
Nov 08, 2023	2023 (Q3)	0.07 / 0.10	0.01	900.00% (+0.09)
Aug 09, 2023	2023 (Q2)	0.03 / 0.01	0.012	-16.67% (>-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FSM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$7.07	$6.22	-12.02%
May 07, 2025	$6.16	$5.36	-12.99%
Mar 06, 2025	$4.45	$4.63	+4.04%
Nov 07, 2024	$4.68	$4.79	+2.35%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Fortuna Mining Corp (FSM) report earnings?

Fortuna Mining Corp (FSM) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is Fortuna Mining Corp (FSM) earnings time?

Fortuna Mining Corp (FSM) earnings time is at Nov 06, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FSM EPS forecast?

FSM EPS forecast for the fiscal quarter 2025 (Q3) is 0.19.

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