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Fortuna Mining (FSM) Laps the Stock Market: Here's Why
ZACKS· 2024-10-28 23:21
Fortuna Mining (FSM) closed the latest trading day at $5.12, indicating a +0.79% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.27%. Meanwhile, the Dow gained 0.65%, and the Nasdaq, a tech-heavy index, added 0.26%. Shares of the silver and gold miner witnessed a gain of 5.61% over the previous month, beating the performance of the Basic Materials sector with its loss of 3.73% and the S&P 500's gain of 2%. Investors will be eagerly watching for the performance of For ...
Fortuna to release third quarter 2024 financial results on November 6, 2024; Conference call at 12 pm EST on November 7, 2024
GlobeNewswire News Room· 2024-10-22 09:00
VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its unaudited financial statements and MD&A for the third quarter on Wednesday, November 6, 2024, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, November 7, 2024, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief Fina ...
Fortuna Silver's Gold Equivalent Production Dips 14% Y/Y in Q3
ZACKS· 2024-10-14 15:15
Fortuna Silver Mines Inc. (FSM) produced 110,820 gold equivalent ounces in the third quarter of 2024, a 13.9% decrease from the year-ago quarter. This includes a gold production of 91,251 ounces and a silver production of 816,187 ounces. Gold output marked a 3.8% year-over-year fall, whereas silver production was down 51.4%. FSM's Mine Performances in Q3 FSM currently has five operating mines in its portfolio. The Séguéla mine, located in Côte d´Ivoire, contributed 34,998 ounces of gold in the third quarter ...
Fortuna Mining Assures Burkina Faso Will Not Revoke its Mining Permits
ZACKS· 2024-10-10 14:50
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 ...
Fortuna reports solid production of 110,820 gold equivalent ounces for the third quarter of 2024
GlobeNewswire News Room· 2024-10-10 09:00
VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reports production results for the third quarter of 2024 from its five operating mines in West Africa and Latin America. Q3 2024 Production highlights Gold equivalent production of 110,820 ounces1; compared to 128,671 oz Au Eq in Q3 20232 and 116,570 oz Au Eq in Q2 20243 Gold production of 91,251 ounces; compared to 94,821 oz Au in Q3 20232 and 92,716 oz Au in Q2 20243 Silver production of 816,187 ounc ...
Fortuna responds to recent media reports concerning Burkina Faso
GlobeNewswire News Room· 2024-10-07 16:39
VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) today shared an update on its operations at the Yaramoko Mine in Burkina Faso. On October 5, 2024, Burkina Faso's President Ibrahim Traoré made public comments regarding mining companies operating in the country and the possible withdrawal of existing mining permits. Fortuna has sought clarification from the country's Ministry of Mines on this point and has received confirmation that the government has ...
Fortuna Mining (FSM) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-10-04 23:20
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 ...
Fortuna Mining (FSM) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-09-19 23:21
Fortuna Mining (FSM) closed the most recent trading day at $4.85, moving +1.04% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.7%. At the same time, the Dow added 1.26%, and the tech-heavy Nasdaq gained 2.51%. Shares of the silver and gold miner have depreciated by 2.64% over the course of the past month, underperforming the Basic Materials sector's gain of 1.1% and the S&P 500's gain of 1.27%. Market participants will be closely following the financial res ...
Fortuna intersects 6.9 g/t Au over 33.3 meters at the Diamba Sud Project, Senegal
GlobeNewswire News Room· 2024-09-12 09:00
VANCOUVER, British Columbia, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Diamba Sud Gold Project in Senegal. Diamba Sud Gold Project exploration highlights Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "The exploration focus at Diamba Sud has turned to testing and expanding some of the previously lightly drilled anomalies, with Western Splay rapidly emerging as the next potential ...
Fortuna Mining (FSM) Q2 Earnings Miss, Revenues Surge Y/Y
ZACKS· 2024-08-13 18:15
Fortuna Mining Corp. (FSM) reported second-quarter 2024 earnings per share of 13 cents, which missed the Zacks Consensus Estimate of 16 cents. The figure, however, marked a substantial improvement from the yearago quarter's earnings per share of 1 cent, driven by higher gold sales volume, and gold and silver prices. After adjusting for non-cash and non-recurring items, adjusted attributable net income was $30.4 million compared with $2.5 million in the year-ago quarter. Fortuna Mining's revenues surged 64% ...