Fortuna(FSM) ZACKS·2025-01-22 17:01Core Insights - Fortuna Mining Corp. reported a 14.5% decrease in gold equivalent ounces production in Q4 2024 compared to the same quarter last year, totaling 116,358 ounces, with gold production at 95,993 ounces and silver production at 843,611 ounces [1] - For the full year 2024, gold equivalent ounces production increased by 0.8% year over year to 455,958 ounces, while gold output fell by 10.6% and silver production decreased by 38% in Q4 [1][2] Production Performance - The Séguéla mine in Côte d'Ivoire produced 35,244 ounces of gold in Q4 2024, slightly up from 34,998 ounces in Q3 2024, with a total of 137,781 ounces for the year [3] - The Yaramoko Mine in Burkina Faso produced 29,576 ounces of gold in Q4 2024, a 5.6% increase sequentially, with annual production at 116,206 ounces [4] - The Lindero mine in Argentina reported Q4 gold production of 26,806 ounces, up 10.1% quarter over quarter, with total production for 2024 at 97,287 ounces [4] - The San Jose mine in Mexico produced 594,373 ounces of silver and 4,239 ounces of gold in Q4 2024, with annual silver production around 2.5 million ounces and gold production at 17,811 ounces, both below expectations [5] - The Caylloma mine in Peru produced 249,238 ounces of silver in 2024, exceeding guidance, while zinc and lead production were 39.5 million pounds and 59.1 million pounds, respectively [6] Future Guidance - Fortuna Mining expects lower production in 2025 due to the anticipated sale of the San Jose Mine, with gold production guidance set at 334,000-373,000 ounces and silver production guidance at 0.9-1 million ounces [7] Stock Performance - Fortuna Mining's shares have increased by 39.6% over the past year, contrasting with a 7.8% decline in the industry [8]