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Fortuna Mining Corp (FSM)
NYSE:FSM
US Market
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Fortuna Mining Corp (FSM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 06, 2025
After Close (Confirmed)
Period Ending
2025 (Q3)
Consensus EPS Forecast
0.22
Last Year’s EPS
0.16
Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings

Earnings Call Summary

Q2 2025
Earnings Call Date:Aug 06, 2025|
% Change Since: -6.79%|
Earnings Call Sentiment|Neutral
The earnings call reflects a strong financial and operational performance, with notable achievements in safety, liquidity, and exploration success in West Africa. However, there are challenges with reduced production due to mine sales and increased AISC. The sentiment remains balanced between these highlights and lowlights.
Company Guidance -
Q3 2025
In the second quarter of 2025, Fortuna Mining Corp. provided comprehensive guidance on its strategic efforts and financial performance. The company reported a significant reduction in near-term production following the sale of the San Jose and Yaramoko mines, reducing their annualized production from a record 460,000 ounces of gold equivalent in 2024 to approximately 330,000 ounces. However, Fortuna is focused on rebuilding production to 0.5 million ounces per year, with an emphasis on higher-margin, longer-life, and lower-risk assets. The Seguela mine, a flagship asset, is projected to produce 140,000 ounces of gold in 2025 and between 170,000 to 180,000 ounces in 2026. The Diamba Sud project in Senegal has shown a 53% increase in indicated resources and a 93% increase in inferred resources, totaling 1 million ounces, with continued exploration and a construction decision anticipated in 2026. Financially, the company reported $537 million in liquidity and $215 million in net cash, with Q2 free cash flow from operations at $57.5 million. The average realized gold price was $3,306 per ounce, contributing to an EBITDA margin of 55% and an operating margin of 36%. Net earnings from continuing operations were $41 million, or $0.14 per share, with an adjusted EPS of $0.14. Operationally, the consolidated gold equivalent production was 75,950 ounces, with a cash cost of $929 per ounce and an AISC of $1,932 per ounce, which is expected to decrease to around $1,500 per ounce in the latter half of the year. This comprehensive guidance underscores Fortuna's strategic focus on optimizing its portfolio and enhancing financial and operational performance.
Strong Safety Record
Achieved 7.2 million work hours without any lost time injury, improving from 6.7 million work hours in the prior record. Total recordable injury frequency rate improved to 0.87 from 0.98 in Q1.
Financial Performance and Liquidity
Liquidity at $537 million, up $76 million from the previous quarter, with net cash of $215 million, up from $137 million in Q1. Free cash flow from operations was $57.5 million.
Gold Price and EBITDA Margin
Average realized gold price was $3,306 per ounce, up 14% from Q1. EBITDA margin grew to a record 55%, up from 50% in Q1.
Operational Performance in West Africa
Seguela produced 38,186 ounces of gold, consistent with the prior quarter. Cash cost of $670 per ounce and all-in sustaining cost (AISC) of $1,634 per ounce.
Exploration Success at Diamba Sud
Indicated resource grew by 53% and inferred resources by 93% for a combined 1 million ounces, with ongoing drilling to expand and upgrade the resource.

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

FSM Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 06, 2025
2025 (Q3)
0.22 / -
0.16
Aug 06, 2025
2025 (Q2)
0.18 / 0.14
0.137.69% (+0.01)
May 07, 2025
2025 (Q1)
0.22 / 0.20
0.09122.22% (+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
0.160.00% (+0.06)
Aug 08, 2024
2024 (Q2)
0.14 / 0.13
0.011200.00% (+0.12)
May 08, 2024
2024 (Q1)
0.05 / 0.09
0.0580.00% (+0.04)
Mar 07, 2024
2023 (Q4)
0.09 / 0.07
0.023195.65% (+0.05)
Nov 08, 2023
2023 (Q3)
0.07 / 0.10
0.01900.00% (+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 0.22.
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