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Fortuna Mining Corp
(NYSE:FVI)
Fortuna Mining Corp (FVI) vs. iShares MSCI Canada ETF (EWC)
Fortuna Mining Corp Business Overview & Revenue Model
Fortuna Mining Corp Earnings Call Summary
Fortuna Mining Corp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.13B | 1.06B | 842.43M | 681.49M | 599.85M | 278.97M |
| Gross Profit | 389.57M | 343.61M | 190.03M | 146.80M | 205.48M | 110.22M |
| EBITDA | 525.36M | 471.21M | 233.78M | 59.05M | 242.05M | 106.62M |
| Net Income | 160.99M | 128.74M | -50.84M | -135.91M | 57.88M | 21.55M |
Balance Sheet | ||||||
| Total Assets | 2.19B | 2.12B | 1.97B | 1.88B | 2.02B | 1.06B |
| Cash, Cash Equivalents and Short-Term Investments | 309.40M | 231.33M | 128.15M | 80.57M | 107.51M | 132.96M |
| Total Debt | 197.88M | 194.01M | 264.25M | 240.52M | 186.89M | 178.11M |
| Total Liabilities | 657.84M | 649.46M | 679.74M | 587.53M | 592.35M | 329.57M |
| Stockholders Equity | 1.46B | 1.40B | 1.24B | 1.24B | 1.38B | 725.77M |
Cash Flow | ||||||
| Free Cash Flow | 241.11M | 161.90M | 79.59M | -56.99M | -5.15M | -20.94M |
| Operating Cash Flow | 443.11M | 365.68M | 296.91M | 194.25M | 147.14M | 93.39M |
| Investing Cash Flow | -195.43M | -194.44M | -216.88M | -255.33M | -118.50M | -113.65M |
| Financing Cash Flow | -27.94M | -66.14M | -32.72M | 38.47M | -51.42M | 68.91M |
Fortuna Mining Corp Technical Analysis
Fortuna Mining Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$2.77B | 12.38 | 12.07% | ― | 30.33% | ― | |
76 Outperform | $1.38B | 15.96 | 9.62% | 0.73% | 31.23% | 110.49% | |
64 Neutral | C$5.60B | ― | -4.57% | 0.28% | 38.49% | -77.99% | |
58 Neutral | C$1.74B | 152.08 | -4.59% | ― | 88.60% | -684.16% | |
57 Neutral | $2.99B | 23.39 | 16.27% | 11.54% | ― | 61.66% | |
48 Neutral | C$2.38B | ― | -24.80% | ― | ― | -26.88% | |
44 Neutral | C$976.20M | -6.71 | -13.35% | 2.69% | 17.20% | -32.62% |
Fortuna Mining Corp Corporate Events
Fortuna Mining Corp. announced the results of its 2025 annual general meeting, where shareholders voted in favor of all business matters, including the appointment of auditors and election of directors. The meeting saw participation of 61.54% of the issued shares, indicating strong shareholder engagement. This outcome supports Fortuna’s strategic direction and reinforces confidence in its leadership, potentially impacting its market position positively.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp. has strategically invested in Awalé Resources Limited by acquiring 15,037,593 common shares, representing a 15% stake in the company. This investment is part of Fortuna’s long-term growth strategy to enhance its exploration pipeline in Côte d’Ivoire, particularly at Awalé’s Odienné Project. The acquisition was made through a non-brokered private placement for US$6,000,000, and Fortuna has entered into an investor rights agreement to maintain its interest in Awalé through future equity financings. This move is expected to strengthen Fortuna’s market position and exploration capabilities in the region.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp. has announced significant exploration results from its Diamba Sud Gold Project in Senegal, highlighting promising gold intercepts at the Southern Arc prospect. The drilling results, including 8.6 g/t gold over 13.6 meters, suggest strong potential for near-term resource growth, enhancing the project’s value and reinforcing Fortuna’s strategic positioning in the gold mining sector.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Silver Mines stock, see the TSE:FVI Stock Forecast page.
Fortuna Mining Corp. has released its 2024 Sustainability Report, emphasizing its commitment to sustainability as a strategic imperative. The report details the company’s progress in governance, risk management, and ESG factors, highlighting achievements such as zero fatal incidents, industry-leading greenhouse gas emissions intensity, and significant community contributions. These efforts aim to strengthen relationships with stakeholders and create lasting social and environmental value.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Silver Mines stock, see the TSE:FVI Stock Forecast page.
Fortuna Silver Mines has completed the divestiture of its Yaramoko Mine in Burkina Faso, selling it to Soleil Resources International Ltd. for $70 million. This move is part of Fortuna’s strategy to streamline its asset portfolio, reallocating capital and management resources to pursue higher-value opportunities. The sale increases the company’s liquidity and allows it to exit a challenging operational and security environment. Following this divestiture, Fortuna has updated its 2025 production and cost guidance, reflecting an 18% reduction in gold equivalent production and a 6% increase in all-in sustaining costs, primarily due to the exclusion of Yaramoko’s contribution.
The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Fortuna Silver Mines stock, see the TSE:FVI Stock Forecast page.
Fortuna Silver Mines reported a record free cash flow of $111.3 million for the first quarter of 2025, marking a 30% increase quarter over quarter. The company achieved a significant improvement in its free cash flow margin, driven by higher gold prices and reduced all-in-sustaining costs. Fortuna’s strategic divestment of high-cost, short-life assets, including the sale of the San Jose Mine and its interest in the Yaramoko Mine, is aimed at reallocating capital towards more profitable ventures, aligning with its long-term growth strategy. Despite a fatal accident at the Séguéla Mine, the company continues to prioritize safety and operational efficiency.
Fortuna Mining Corp. has announced the renewal of its share repurchase program, allowing the company to buy back up to five percent of its outstanding common shares. This move is aimed at addressing market prices that may not reflect the shares’ underlying value, and it is seen as a strategic use of corporate funds. The program will be conducted through the Toronto Stock Exchange, the New York Stock Exchange, and other Canadian trading systems, with purchases made at market prices. The initiative reflects Fortuna’s commitment to optimizing shareholder value and maintaining financial flexibility.
Fortuna Mining Corp. will release its first quarter 2025 financial results on May 7, 2025, after market close, followed by a conference call on May 8, 2025, to discuss the financial and operational outcomes. The announcement is significant for stakeholders as it provides insights into the company’s performance and strategic direction, potentially impacting its market positioning and investor relations.
Fortuna Mining Corp. has completed the sale of its San Jose Mine in Oaxaca, Mexico, to JRC Ingeniería y Construcción S.A.C. for a total consideration of up to approximately $16 million, including future conditional payments. The sale allows Fortuna to divest a non-core asset, previously placed on care and maintenance due to high operating costs and depleted reserves, while retaining a net smelter royalty on future production, potentially enhancing its financial flexibility and strategic focus.
Fortuna Mining Corp. has announced the sale of its interest in the Yaramoko Mine and associated subsidiaries in Burkina Faso to Soleil Resources International Limited. This strategic move allows Fortuna to exit a challenging market, optimize value, and avoid future liabilities, while providing liquidity to pursue other opportunities aligned with its strategic goals.
Fortuna Silver Mines reported a solid production of 103,459 gold equivalent ounces for the first quarter of 2025, with gold production at 91,893 ounces. The company completed the Lindero leach pad expansion project on time and within budget, providing an additional 10 years of production capacity. Despite a slight decrease in gold equivalent production compared to previous quarters, Fortuna reiterated its annual production guidance, indicating confidence in meeting its targets. The company also repurchased 916,900 common shares, reflecting a strategic move to enhance shareholder value.