Fortuna Mining
Operates gold mines in Argentina and Côte d’Ivoire alongside a Peruvian silver-lead-zinc mine.
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Profile
Operates the Lindero and Séguéla gold mines and the Caylloma silver-lead-zinc mine, with Diamba Sud in Senegal at advanced exploration. The portfolio spans Argentina, Côte d’Ivoire, Peru, and Senegal, so permitting, environmental, and transportation conditions in foreign jurisdictions shape operations.
Operates Lindero, an open-pit gold mine in Argentina; Séguéla, a majority-owned open-pit gold mine in Côte d’Ivoire; and Caylloma, an underground silver-lead-zinc mine in Peru. The portfolio combines gold, silver, lead, and zinc production from its current operating mines. Lindero and Caylloma are wholly owned.
The 2025 sales of San Jose in Mexico and Yaramoko in Burkina Faso reshaped the portfolio, leaving operations across Latin America and West Africa. Diamba Sud in Senegal is an advanced-exploration gold project.
Permitting, environmental, social, and transportation conditions in foreign jurisdictions shape mining operations.
Company facts
Key statistics
Year to date +28.4% · Average volume (30d) 5.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 30, 2026 | Scotiabank | Reiterate | Outperform | $14 | $14.50 |
| Jan 26, 2026 | Scotiabank | Reiterate | Sector Outperform | $11 | $14 |
| Nov 24, 2025 | Scotiabank | Target | $10.50 | $11 | |
| Oct 23, 2025 | Scotiabank | Reiterate | Sector Perform | $8.50 | $10.50 |
| Oct 16, 2025 | Scotiabank | Reiterate | Sector Perform | $6.50 | $8.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.29 | $0.24 | −18.6% | $325.0M | $318.4M | −2.0% | −0.42% |
| May 6, 2026Q1 FY26 | $0.37 | $0.35 | −6.3% | $340.0M | $342.5M | +0.7% | +6.30% |
| Feb 18, 2026Q4 FY25 | $0.23 | $0.22 | −2.4% | $264.9M | $270.2M | +2.0% | +4.41% |
| Nov 5, 2025Q3 FY25 | $0.26 | $0.15 | −42.0% | $247.3M | $251.4M | +1.6% | +1.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $290.1M | $230.4M | $251.4M | $272.0M | $342.5M | $318.4M | |
| Gross profit | $115.9M | $105.0M | $133.1M | $148.1M | $211.8M | $183.5M | |
| Operating income | $91.9M | $83.7M | $154.6M | $121.4M | $182.2M | $163.2M | |
| Net income | $58.5M | $37.3M | $123.6M | $69.1M | $111.0M | $75.5M | |
| Diluted EPS | $0.19 | $0.12 | $0.36 | $0.23 | $0.35 | $0.24 | |
| Gross margin | 39.9% | 45.6% | 53.0% | 54.4% | 61.9% | 57.6% | |
| Operating margin | 31.7% | 36.3% | 61.5% | 44.6% | 53.2% | 51.3% |
Fiscal years (4-quarter sums)FY21 $599.9M · FY22 $681.5M · FY23 $842.4M · FY24 $934.3M · FY25 $1.04B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $614.4M · Total debt $234.2M · Total assets $2.50B · Shareholders' equity $1.77B
Dividends
No dividends on record.
Ownership
Shares outstanding 302.96M · Float 299.67M · 98.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 20.89M | 6.89% | 13F | May 15, 2026 |
| Global X Management CO LLC | 18.02M | 5.87% | 13G | Feb 17, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 17.33M | 5.72% | 13F | May 15, 2026 |
| Arrowstreet Capital, Limited Partnership | 15.12M | 5.00% | 13G | May 15, 2026 |
| Acadian Asset Management LLC | 11.98M | 3.96% | 13F | May 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Vanguard Extended Duration Treasury ETF
West African gold producer with mines in Côte d’Ivoire and Senegal
- Prudential Financial
Côte d’Ivoire gold producer operating Yaouré and Sissingué
- Allied Gold
Côte d’Ivoire gold producer operating the Bonikro and Agbaou complex
- Barrick Mining
Argentine gold producer and 50/50 Veladero joint-venture operator
- Pan American Silver
Peruvian underground silver-zinc-lead mine operator at Huaron
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fortuna Mining | $12.35 | +0.82% | $3.71B | 10.4 | 6.9 | 3.1 | +38.2% |
| Vanguard Extended Duration Treasury ETF | $60.65 | −0.02% | $4.27B | — | — | — | — |
| Prudential Financial | $119.79 | +0.01% | $41.57B | 10.8 | 8.5 | 0.6 | +2.8% |
| Allied Gold | $23.36 | +0.04% | $2.96B | — | 3.3 | 2.0 | +45.4% |
| Barrick Mining | $45.50 | −0.34% | $76.50B | 11.7 | 10.9 | 3.7 | +39.3% |
| Pan American Silver | $52.65 | −0.41% | $22.28B | 16.0 | 12.4 | 5.2 | +35.9% |
| Median | 11.7 | 9.7 | 2.9 | +37.6% |