Core Points - Fortuna Mining Corp. held its 2025 annual general meeting of shareholders, with 188,888,907 common shares represented, accounting for 61.54% of the total issued and outstanding shares [2] - Shareholders voted in favor of all business matters, including the appointment of auditors and the election of all director nominees listed in the Management Information Circular dated May 1, 2025 [2] Voting Results - Jorge A. Ganoza received 159,475,985 votes (99.48% for) with 831,198 votes withheld (0.52%) [2] - David Laing received 154,870,542 votes (96.61% for) with 5,436,641 votes withheld (3.39%) [2] - Mario Szotlender received 154,344,778 votes (96.28% for) with 5,962,405 votes withheld (3.72%) [2] - David Farrell received 148,807,290 votes (92.83% for) with 11,499,893 votes withheld (7.17%) [2] - Alfredo Sillau received 158,876,299 votes (99.11% for) with 1,430,884 votes withheld (0.89%) [2] - Kylie Dickson received 159,252,340 votes (99.34% for) with 1,054,844 votes withheld (0.66%) [2] - Kate Harcourt received 159,513,569 votes (99.50% for) with 793,615 votes withheld (0.50%) [2] - Salma Seetaroo received 159,228,957 votes (99.33% for) with 1,078,227 votes withheld (0.67%) [2] Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in Argentina, Côte d'Ivoire, Mexico, and Peru, and exploration activities including the Diamba Sud Gold Project in Senegal [3] - The company focuses on sustainability, producing gold and silver while generating long-term shared value for stakeholders through efficient production, environmental protection, and social responsibility [3]

Company Performance - Fortuna Mining (FSM) experienced a daily gain of +2.31%, closing at $6.63, outperforming the S&P 500's gain of 0.8% [1] - Prior to the recent trading session, Fortuna Mining shares had increased by 8.54%, surpassing the Basic Materials sector's gain of 2.02% and the S&P 500's gain of 5.12% [1] Earnings Estimates - For the fiscal year, Zacks Consensus Estimates project earnings of $0.7 per share and revenue of $0 million, reflecting a +52.17% change in earnings from the prior year, while revenue remains unchanged [2] - Recent changes to analyst estimates for Fortuna Mining indicate evolving short-term business trends, with positive revisions seen as a favorable sign for the business outlook [2] Stock Valuation - Fortuna Mining is currently trading at a Forward P/E ratio of 9.26, which is below the industry average Forward P/E of 18.06, indicating that Fortuna Mining is trading at a discount compared to its peers [5] - The Mining - Miscellaneous industry, which includes Fortuna Mining, has a Zacks Industry Rank of 156, placing it in the bottom 37% of over 250 industries [5] Zacks Rank System - Fortuna Mining holds a Zacks Rank of 3 (Hold), with the Zacks Rank system showing a strong track record of exceeding expectations, particularly with stocks rated 1 delivering an average annual return of +25% since 1988 [4]

Company Performance - Fortuna Mining (FSM) closed at $6.75, reflecting a -2.17% change from the previous day, underperforming the S&P 500's daily loss of 0.03% [1] - Over the past month, FSM shares gained 21.69%, significantly outperforming the Basic Materials sector's gain of 3.05% and the S&P 500's gain of 0.6% [1] Earnings Expectations - Analysts expect Fortuna Mining to report earnings of $0.7 per share and revenue of $0 million for the full year, indicating a +52.17% change in earnings from last year [2] - There has been no change in the Zacks Consensus EPS estimate over the past month [5] Analyst Sentiment - Recent adjustments to analyst estimates for Fortuna Mining reflect near-term business trends, with positive revisions indicating optimism regarding the company's profitability [3] - Fortuna Mining currently holds a Zacks Rank of 2 (Buy), suggesting favorable analyst sentiment [5] Valuation Metrics - Fortuna Mining has a Forward P/E ratio of 9.86, which is a discount compared to its industry's Forward P/E of 20.12 [6] - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 153, placing it in the bottom 38% of over 250 industries [6] Industry Performance - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Group 1 - Franco-Nevada (FNV) is currently outperforming the Basic Materials sector with a year-to-date return of 46.1%, compared to the sector's average return of 9.3% [4] - The Zacks Rank for Franco-Nevada is 1 (Strong Buy), indicating strong analyst sentiment and a positive earnings outlook, with a consensus estimate for full-year earnings having increased by 20.5% in the past quarter [3] - Franco-Nevada belongs to the Mining - Gold industry, which has seen an average gain of 58.4% year-to-date, indicating that FNV is slightly underperforming its industry [5] Group 2 - Fortuna Mining (FSM), another stock in the Basic Materials sector, has outperformed with a year-to-date return of 60.4% [4] - Fortuna Mining has a Zacks Rank of 2 (Buy), with its consensus EPS estimate increasing by 12% over the past three months [5] - The Mining - Miscellaneous industry, to which Fortuna Mining belongs, is currently ranked 138 and has moved up by 10.9% year-to-date [6]

Core Insights - Fortuna Mining Corp. (FSM) has acquired 15,037,593 common shares of Awalé Resources Limited, securing a 15% stake, which aligns with its long-term growth strategy to enhance its exploration pipeline in Côte d'Ivoire [1][7] - The acquisition was made through a non-brokered private placement at a price of $0.399 per share, totaling $6 million [2][7] Strategic Portfolio Optimization - FSM has been actively optimizing its portfolio, recently closing the sale of its interest in Roxgold Sanu and three other subsidiaries to Soleil Resources International Ltd., resulting in no longer holding a stake in the Yaramoko Mine [3] - In April 2025, FSM sold its non-core San Jose mine in Mexico, and with the sale of Yaramoko, it will cease operations in Burkina Faso, focusing on its Séguéla mine in Côte d'Ivoire, Lindero mine in Argentina, Caylloma mine in Peru, and Diamba Sud Gold Project in Senegal [4][5] - The decision to sell the Yaramoko mine was influenced by its limited remaining life and challenging operating conditions, providing additional liquidity to focus on strategic objectives [5] Financial Performance - Following the recent transactions, FSM's first-quarter cash and short-term investments have exceeded $380 million, with liquidity surpassing $530 million, and approximately $50 million in capital being reallocated [5] - FSM's shares have appreciated by 41% over the past year, significantly outperforming the industry average growth of 1.4% [6]

Core Viewpoint - Fortuna Mining Corp. has acquired 15,037,593 common shares of Awalé Resources Limited, representing approximately 15% of Awalé's issued shares, to strengthen its exploration pipeline in Côte d'Ivoire [1][2]. Acquisition Details - The shares were acquired at a cost of US$0.399 per share, totaling gross proceeds of US$6,000,000 [2]. - Prior to this acquisition, Fortuna owned no shares of Awalé [2]. Strategic Importance - The Odienné Project in Côte d'Ivoire is viewed as a compelling opportunity for Fortuna, with an experienced in-country exploration team ready to support advancements from discovery to production [2]. - The investment aligns with Fortuna's long-term growth strategy and enhances its exploration capabilities in the region [2]. Investor Rights Agreement - Fortuna has entered into an Investor Rights Agreement with Awalé, granting pre-emptive rights for future equity financings and top-up rights to maintain its interest in Awalé [5]. - These rights will be maintained as long as Fortuna holds a 10% or greater interest in Awalé [5]. Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in Argentina, Côte d'Ivoire, Mexico, and Peru, focusing on sustainability and long-term stakeholder value [6].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Fortuna Mining (FSM) - Fortuna Mining currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - FSM shares have increased by 0.17% over the past week, while the Zacks Mining - Miscellaneous industry has decreased by 0.6% during the same period [5] - Over the last quarter, FSM shares have risen by 36.53%, and over the past year, they have gained 39.89%, significantly outperforming the S&P 500, which increased by only 1.99% and 12.34% respectively [6] - The average 20-day trading volume for FSM is 18,243,878 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, two earnings estimates for FSM have been revised upwards, increasing the consensus estimate from $0.63 to $0.70 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions, indicating a positive earnings outlook [9] Conclusion - Considering the positive momentum indicators and earnings outlook, FSM is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Fortuna Mining (FSM) is currently highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company operates in the silver and gold mining sector, which is characterized by significant growth potential [3] Group 2: Earnings Growth - Fortuna's historical EPS growth rate stands at 19.6%, but the projected EPS growth for this year is significantly higher at 52.2%, surpassing the industry average of 37.6% [5] Group 3: Cash Flow Growth - The year-over-year cash flow growth for Fortuna is reported at 31.4%, which is notably higher than the industry average of -2.4% [6] - Over the past 3-5 years, Fortuna has achieved an annualized cash flow growth rate of 38%, compared to the industry average of 5.7% [7] Group 4: Earnings Estimate Revisions - The current-year earnings estimates for Fortuna have been revised upward, with the Zacks Consensus Estimate increasing by 6.1% over the past month [9] - Positive trends in earnings estimate revisions are correlated with near-term stock price movements, indicating strong potential for Fortuna [8] Group 5: Investment Positioning - Fortuna has achieved a Zacks Rank of 2 (Buy) and a Growth Score of A, positioning it well for potential outperformance in the market [11]

VANCOUVER, British Columbia, May 21, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the publication of its seventh annual Sustainability Report, highlighting key developments in 2024 related to governance, corporate strategy, risk management, and performance. The report also outlines Fortuna’s commitments and progress on the environmental, social, and governance (ESG) factors most material to our business and stakeholders. Jorge A. Ganoza, President, and CEO, sta ...

Core Viewpoint - Fortuna Mining (FSM) has shown a downtrend recently, losing 8.6% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal due to increased buying interest [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with the formation suggesting that selling pressure may be exhausting [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that despite a downtrend, buying interest emerges after reaching a new low [4][5]. - The occurrence of a hammer pattern at the bottom of a downtrend signals that bears may be losing control, indicating a potential trend reversal [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for FSM, which is a bullish indicator [7]. - The consensus EPS estimate for FSM has increased by 6.3% over the last 30 days, reflecting analysts' agreement on the company's potential for better earnings [8]. - FSM holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for outperformance in the market [9].