Fortuna Mining Corp (FVI) AI Stock Analysis

• Market Cap: C$4.02B
• Dividend Yield: N/A
• Average Volume (3M): 1.28M
• Price to Earnings (P/E): 12.3
• Beta (1Y): 1.94
• Revenue Growth: 7.61%
• EPS Growth: 915.74%
• Country: CA
• Employees: 4,961
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Silver
• EPS (TTM): 0.23
• Shares Outstanding: 306,960,000
• 10 Day Avg. Volume: 1,191,827
• 30 Day Avg. Volume: 1,282,865
• PEG Ratio: -0.03
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 1.25
• P/FCF Ratio: 8.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$13.28
• Price Target Upside: -1.25% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 1.05
• Revenue Forecast (FY): C$1.45B

• Rating: 76 Outperform
• Price Target: C$14.50 ▲(7.81% Upside)

Fortuna Mining Corp's strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The company's robust operational metrics and strategic growth initiatives further enhance its outlook. Technical analysis supports a positive trend, while valuation remains attractive.

Positive Factors

Strong Financial Performance

The strong financial performance, highlighted by significant net income, indicates effective management and operational efficiency, supporting long-term profitability.

Expansion and Exploration Success

Successful expansion and exploration initiatives enhance resource base and production capacity, positioning the company for sustained growth.

Solid Liquidity Position

A strong liquidity position provides financial flexibility to fund growth initiatives and withstand economic uncertainties, ensuring long-term stability.

Negative Factors

Decline in Revenue Growth

A decline in revenue growth can hinder future profitability and market competitiveness, necessitating strategic adjustments to reverse this trend.

Operational Challenges at Lindero

Operational challenges at key sites can disrupt production and increase costs, impacting overall efficiency and profitability.

Foreign Exchange Loss

Foreign exchange losses can erode profitability and affect financial results, especially in regions with volatile currencies.

Fortuna Mining Corp Business Overview & Revenue Model

Company Description

Fortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada.

How the Company Makes Money

Fortuna Mining Corp generates revenue primarily through the sale of extracted precious metals, including gold and silver. The company operates several mining projects, where it extracts these metals and sells them on the open market. Key revenue streams include direct sales from its mining operations, royalties from partnerships with other mining companies, and potential income from metal trading. Fortuna Mining also engages in strategic partnerships, which may include joint ventures or collaborations with other mining firms to optimize resource extraction and reduce operational costs, thereby enhancing its profitability.

Fortuna Mining Corp Financial Statement Overview

Summary

Fortuna Mining Corp demonstrates strong profitability and operational efficiency, with a solid balance sheet characterized by low leverage. However, the decline in revenue growth and free cash flow growth presents potential challenges. The company is well-positioned in terms of profitability and financial stability, but should focus on reversing the negative growth trends to sustain its financial health.

Income Statement

Fortuna Mining Corp has shown a strong performance in terms of profitability with a high gross profit margin of 37.78% and a net profit margin of 14.36% in the TTM. However, the revenue growth rate has declined by 2.62%, indicating a potential challenge in maintaining growth. The EBIT and EBITDA margins are robust at 29.25% and 51.53% respectively, showcasing operational efficiency.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.14, indicating low leverage and financial stability. The return on equity is solid at 10.91%, reflecting effective use of shareholders' equity to generate profits. However, the equity ratio is not explicitly calculated, which could provide further insights into asset financing.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by 1.18%, which could be a concern for future investments and operations. The operating cash flow to net income ratio is strong at 2.01, indicating good cash generation relative to net income. The free cash flow to net income ratio is moderate at 0.55, suggesting a balanced cash flow position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.10B	1.06B	842.43M	681.49M	599.85M	278.97M
Gross Profit	414.67M	343.61M	190.03M	146.80M	205.48M	110.22M
EBITDA	546.76M	471.21M	230.79M	59.05M	242.05M	106.62M
Net Income	157.67M	128.74M	-50.84M	-135.91M	57.88M	21.55M
Balance Sheet
Total Assets	2.14B	2.12B	1.97B	1.88B	2.02B	1.06B
Cash, Cash Equivalents and Short-Term Investments	394.02M	231.33M	128.15M	80.57M	107.51M	132.96M
Total Debt	216.04M	194.01M	264.25M	240.52M	186.89M	178.11M
Total Liabilities	595.87M	649.46M	679.74M	587.53M	592.35M	329.57M
Stockholders Equity	1.49B	1.40B	1.24B	1.24B	1.38B	725.77M
Cash Flow
Free Cash Flow	238.27M	161.90M	79.59M	-56.99M	-5.15M	-20.94M
Operating Cash Flow	436.88M	365.68M	296.91M	194.25M	147.14M	93.39M
Investing Cash Flow	-129.33M	-194.44M	-216.88M	-255.33M	-118.50M	-113.65M
Financing Cash Flow	-36.47M	-66.14M	-32.72M	38.47M	-51.42M	68.91M

Fortuna Mining Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FVI, the sentiment is Positive. The current price of 13.45 is above the 20-day moving average (MA) of 13.07, above the 50-day MA of 12.35, and above the 200-day MA of 10.01, indicating a bullish trend. The MACD of 0.31 indicates Positive momentum. The RSI at 54.29 is Neutral, neither overbought nor oversold. The STOCH value of 47.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FVI.

Fortuna Mining Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SCZ	78 Outperform	C$1.09B	10.14	47.13%	―	21.03%	-48.39%
APM	77 Outperform	C$1.48B	13.76	42.17%	―	33.21%	47.22%
FVI	76 Outperform	C$4.02B	12.33	15.63%	―	7.61%	915.74%
SVM	73 Outperform	C$2.60B	73.58	3.54%	0.29%	37.50%	-60.92%
AYA	66 Neutral	C$2.84B	1,180.95	0.71%	―	241.04%	-80.07%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DV	42 Neutral	C$562.53M	-18.82	-26.19%	―	―	-5.25%

Fortuna Mining Corp Corporate Events

Fortuna Mining Initiates Expansion Study for Séguéla Mine

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.

Fortuna Mining Highlights Diamba Sud Gold Project Potential

Fortuna Mining Corp. has filed a technical report for the Diamba Sud Gold Project in Senegal, highlighting its development potential. This report supports the results of a Preliminary Economic Assessment, indicating promising prospects for the project, which could enhance Fortuna’s operational footprint and influence in the precious metals industry.

Fortuna Mining Corp Expands Gold Reserves at Séguéla Mine

Fortuna Mining Corp has announced an update to its mineral reserves and resources at the Séguéla Mine in Côte d’Ivoire, with a notable increase in gold reserves and resources. The company reports 1.2 million ounces of gold in mineral reserves, a significant increase compared to the previous year, and substantial growth in indicated and inferred resources. This expansion supports a longer mine life and potential plant expansion, enhancing Fortuna’s operational capacity and positioning in the gold mining industry. The company is undertaking aggressive exploration and technical studies to further capitalize on these developments, which could lead to increased annual production and further value creation for stakeholders.

Fortuna Mining Corp Reports Strong Q3 2025 Results and Promising Growth Prospects

Fortuna Mining Corp reported strong financial and operational results for the third quarter of 2025, with a significant increase in free cash flow and a strengthened balance sheet. The company remains on track to meet its annual production guidance, benefiting from higher gold prices and consistent mine performance. Key investments at the Lindero and Séguéla mines are expected to support future production growth, while the completion of a Preliminary Economic Assessment for the Diamba Sud Gold Project highlights potential for further expansion. Fortuna’s robust liquidity position allows it to fund growth initiatives, enhancing its industry positioning and offering promising prospects for stakeholders.

Fortuna Mining Expands High-Grade Gold Mineralization at Sunbird Deposit

Fortuna Mining Corp. has announced successful exploration drilling results from the Sunbird Deposit at the Séguéla Mine in Côte d’Ivoire, highlighting the extension of high-grade mineralization and the confirmation of a second underground shoot. These developments indicate potential for resource growth and an extended mine life, with ongoing drilling and an underground study underway to further explore and expand the mineralized envelope. The results strengthen Fortuna’s position in the mining industry, potentially enhancing stakeholder value through increased resource confidence and operational longevity.

Fortuna Mining Expands High-Grade Gold Deposits at Séguéla Mine

Fortuna Mining Corp has announced successful exploration drilling results at the Sunbird Deposit in the Séguéla Mine, Côte d’Ivoire. The drilling has extended high-grade mineralization at depth and confirmed a second underground shoot, supporting potential resource growth and mine life extension. This development strengthens Fortuna’s position in the mining industry, with ongoing studies and drilling aimed at further expanding the mineralized envelope, which remains open at depth and along strike.

Fortuna Mining Corp. Announces Q3 2025 Financial Results Release and Conference Call

Fortuna Mining Corp. will release its third quarter 2025 financial results on November 5, 2025, followed by a conference call on November 6, 2025, to discuss the financial and operational outcomes. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting investor confidence and market positioning.

Fortuna Mining Unveils Promising PEA for Diamba Sud Gold Project

Fortuna Mining Corp has released a Preliminary Economic Assessment (PEA) for its Diamba Sud Gold Project in Senegal, revealing strong economic potential with an after-tax IRR of 72% and an NPV5% of $563 million at a gold price of $2,750 per ounce. The project is expected to produce an average of 147,000 ounces of gold annually in the first three years at an AISC of $904 per ounce, with a payback period of ten months. The company is advancing towards a construction decision in 2026, supported by robust financials and ongoing exploration efforts aimed at extending the project’s life beyond a decade.

Fortuna Mining Corp. Reports Q3 2025 Gold Production and Strategic Developments

Fortuna Mining Corp. reported a production of 72,462 gold equivalent ounces for the third quarter of 2025, slightly down from the previous year but up from the second quarter. The company remains on track to meet its annual production guidance of 309,000 to 339,000 GEO. Significant developments include permit approvals for new satellite pits and successful exploration at the Sunbird underground project, which could optimize future mine plans. Additionally, infrastructure projects such as the tailings storage facility expansion and solar power plant construction are progressing, indicating a strategic focus on sustainability and operational efficiency.

Fortuna Mining Advances Diamba Sud Gold Project with Key ESIA Filing

Fortuna Mining Corp has filed an Environmental and Social Impact Assessment (ESIA) for its Diamba Sud Gold Project in Senegal, marking a significant step in the project’s permitting process. This move underscores the company’s commitment to high environmental and social standards and aims to advance the project towards a construction decision by the first half of 2026. The company is also progressing with its Preliminary Economic Assessment (PEA), scheduled for completion in the fourth quarter of 2025, and plans to move to a definitive feasibility study thereafter. Recent drilling activities have expanded the project’s mineral resources significantly, with further exploration planned to continue until the end of the year.

Fortuna Mining Corp. Expands into West Africa with DeSoto Resources Alliance

Fortuna Mining Corp. has announced a strategic exploration alliance with DeSoto Resources Limited to explore the Siguiri Basin in Guinea, a region known for its potential to host significant gold deposits. This agreement marks Fortuna’s expansion in West Africa and involves forming a joint venture company to identify and develop promising projects, with Fortuna holding a majority stake and funding exploration efforts. The collaboration aims to leverage DeSoto’s expertise in West African exploration, potentially enhancing Fortuna’s industry positioning and offering new opportunities for stakeholders.

Fortuna Mining Corp Launches $19 Million Exploration Program

Fortuna Mining Corp has announced a $19 million generative exploration program targeting projects in Côte d’Ivoire, Mexico, and Argentina. The program aims to unlock new growth opportunities by advancing promising projects, with significant exploration activities planned across various sites. The Guiglo Project in Côte d’Ivoire, for instance, has shown promising geochemical anomalies, while the Centauro Project in Mexico is set to undergo drilling to test its potential as a preserved precious metal system. These initiatives reflect Fortuna’s strategic focus on expanding its exploration footprint and enhancing its industry positioning.