Fortuna Silver Mines (FSM) Company Overview

In the closing of the recent trading day, Fortuna Mining (FSM) stood at $5.32, denoting a +0.57% change from the preceding trading day.

Fortuna Mining (FSM) concluded the recent trading session at $5.07, signifying a +0.4% move from its prior day's close.

Does Fortuna Mining (FSM) have what it takes to be a top stock pick for momentum investors? Let's find out.

FSM expects lower production in 2025 than the prior year due to the expected sale of the San Jose Mine in the first quarter of 2025.

VANCOUVER, British Columbia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) reports production results for the fourth quarter and full year 2024 from its five operating mines in Latin America and West Africa. For the full year 2024, Fortuna produced a record 369,637 ounces of gold and 3,724,945 ounces of silver for a record 455,958 gold equivalent ounces1, including lead and zinc by-products. All references to dollar amounts in this news release are expressed in US dollars.

In the closing of the recent trading day, Fortuna Mining (FSM) stood at $4.25, denoting a -1.16% change from the preceding trading day.

VANCOUVER, British Columbia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce it has entered into a binding letter agreement (the “Letter Agreement”) to sell (the “Transaction”) its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. (“Cuzcatlan”) to Minas del Balsas S.A. de C.V. (“MDB”), a private Mexican company. Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. Following the sale, Fortuna will cease to have any interest in the San Jose Mine, other than the net smelter return royalty described below. The San Jose Mine was scheduled to initiate a progressive closure process starting in early 2025.

Fortuna Mining (FSM) closed the most recent trading day at $4.51, moving +0.67% from the previous trading session.

Fortuna Mining Corp. receives a “Buy” rating. Its primary commodity, gold, is seeing per-ounce prices rise driven by interest rate cuts from the U.S. Federal Reserve and robust safe-haven demand. The company's profitability is expected to improve, supported by bullish gold prices above all else, consistent production, operational efficiencies, and disciplined capital allocation to assets development. Fortuna improves its financial position: increased liquidity and less dependence on expensive loans. The financial position supports the company in its goal of drawing significant growth potential from ongoing projects.