Core Insights - Fortuna Mining Corp. has provided an update on its exploration program at the Séguéla Mine in Côte d'Ivoire, highlighting significant drilling results and the potential for resource expansion [1][2]. Drilling Results - At the Kingfisher deposit, recent drilling has intersected notable gold grades, including 15.3 meters averaging 4.1 g/t Au and 17 meters averaging 3.3 g/t Au, located approximately 150 meters from the previously reported Inferred Resource of 294,000 ounces averaging 2.3 g/t Au [2][3]. - The Sunbird deposit has also shown promising results, with high-grade intersections such as 20.4 g/t Au over an estimated true width of 19.6 meters [7][8]. Exploration Program - A total of 58 holes, amounting to 11,103 meters, have been drilled at the Kingfisher deposit since early September 2024, with ongoing drilling expected to continue into the second quarter of 2025 [3][5]. - The Sunbird deposit has received results from 24 holes totaling 9,065 meters of a planned 12,000-meter drilling program, indicating the potential for further resource definition and underground mining evaluation [7][9]. Geological Insights - Mineralization at the Kingfisher deposit is associated with a deformed contact zone between felsic intrusives and basaltic units, with a notable change in strike orientation correlating with higher-grade mineralization intervals [4]. - The mineralization remains open at depth, with significant potential for further exploration below the current drilling limits [8][9]. Future Plans - The company plans to continue drilling into the first half of 2025 to support an updated resource model and underground mining studies at both the Kingfisher and Sunbird deposits [9][5].

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...

VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report that during the fourth quarter as of Friday, November 29, 2024, it has repurchased under the Company’s normal course issuer bid (NCIB) an aggregate of 6,402,640 common shares on the open market of the New York Stock Exchange. Shares were repurchased at a weighted-average price of $4.77 per common share for a total gross amount of $30,529,066, excluding brokerage fees; these shares ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help ...

(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the third quarter of 2024. “In the third quarter, a focus on cost discipline and safe operations allowed Fortuna to capture the benefit of rising metal prices and achieve record attributable earnings of $50.5 million and reco ...

Group 1 - Fortuna Mining (FSM) closed at $5.12, reflecting a +0.79% change from the previous session, outperforming the S&P 500's daily gain of 0.27% [1] - Over the past month, Fortuna Mining's shares increased by 5.61%, surpassing the Basic Materials sector's loss of 3.73% and the S&P 500's gain of 2% [1] Group 2 - Fortuna Mining's upcoming earnings report is scheduled for November 6, 2024, with an expected EPS of $0.11, representing a 10% increase from the prior-year quarter [2] - Recent revisions to analyst forecasts for Fortuna Mining are crucial as they indicate changing business trends, with positive revisions seen as a favorable sign for the company's outlook [3] Group 3 - The Zacks Rank system, which evaluates estimate changes, indicates Fortuna Mining currently holds a Zacks Rank of 4 (Sell), with the consensus EPS estimate having shifted 8.51% downward over the past month [5] - Fortuna Mining is trading at a Forward P/E ratio of 11.81, which is below the industry average of 16.72, suggesting it is undervalued compared to its peers [6] Group 4 - The Mining - Miscellaneous industry, which includes Fortuna Mining, ranks in the bottom 30% of all industries, with a current Zacks Industry Rank of 177 [6][7]

Group 1 - Fortuna Mining Corp. will release its unaudited financial statements and MD&A for Q3 on November 6, 2024, after market close [1] - A conference call to discuss the financial and operational results is scheduled for November 7, 2024, at 9:00 a.m. Pacific time [1] - Key executives participating in the call include Jorge A. Ganoza (President and CEO), Luis D. Ganoza (CFO), Cesar Velasco (COO - Latin America), and David Whittle (COO - West Africa) [1] Group 2 - Fortuna Mining Corp. operates five mines in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru, and is developing the Diamba Sud Gold Project in Senegal [2] - The company emphasizes sustainability in its operations, focusing on efficient production, environmental protection, and social responsibility [2] - Fortuna Mining Corp. aims to generate long-term shared value for stakeholders through its mining activities [2]

Fortuna Mining Corp. (FSM) has assured investors that its Yaramoko Mine in Burkina Faso is operating per all material laws and operations in the country. This was to quell concerns triggered by President Traoré hinting at the withdrawal of certain mining permits of companies violating local laws. Even though no company names have been mentioned, this has caused investor anxiety, leading to an 8.8% dip in FSM shares on Monday. Fortuna Mining's Yaramoko Likely not at Risk During a radio interview on Oct. 5, 2 ...

Core Insights - Fortuna Mining Corp. provided an operational update regarding the Yaramoko Mine in Burkina Faso, confirming compliance with local laws and ongoing operations despite recent political comments about mining permits [2][3] Group 1: Company Operations - The Yaramoko Mine has been operational since 2016 and achieved a significant milestone of one million ounces of gold poured on May 19, 2024 [3] - Yaramoko is projected to contribute approximately 25% of Fortuna's gold equivalent ounces in 2024, aligning with the company's production guidance of 457 to 497 thousand ounces of gold equivalent [3] Group 2: Regulatory Environment - Following comments from Burkina Faso's President Ibrahim Traoré regarding potential withdrawal of mining permits, Fortuna sought clarification and confirmed that the government has no plans to revoke permits that comply with local laws [2]

The most recent trading session ended with Fortuna Mining (FSM) standing at $4.88, reflecting a +1.04% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.9% gain on the day. On the other hand, the Dow registered a gain of 0.81%, and the technology-centric Nasdaq increased by 1.22%. Shares of the silver and gold miner witnessed a gain of 12.33% over the previous month, beating the performance of the Basic Materials sector with its gain of 7.23% and the S&P 500's gain of 3.15 ...