Fortuna Mining's Q3 Earnings Beat Estimates, Rise Y/Y on High Prices

Fortuna Mining Corp. (FSM) reported third-quarter 2024 adjusted earnings per share of 16 cents, which beat the Zacks Consensus Estimate of 11 cents. The bottom-line figure marked a 60% improvement from the year-ago quarter, driven by higher gold and silver prices, which offset lower sales volumes. After adjusting for non-cash and non-recurring items, adjusted attributable net income was $49.9 million compared with $29.6 million in the year-ago quarter. Attributable net income in the third quarter increased ...