Fortuna Mining (FSM)
Operates gold mines in Argentina and Côte d’Ivoire alongside a Peruvian silver-lead-zinc mine.
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Operates the Lindero and Séguéla gold mines and the Caylloma silver-lead-zinc mine, with Diamba Sud in Senegal at advanced exploration. The portfolio spans Argentina, Côte d’Ivoire, Peru, and Senegal, so permitting, environmental, and transportation conditions in foreign jurisdictions shape operations.
Operates Lindero, an open-pit gold mine in Argentina; Séguéla, a majority-owned open-pit gold mine in Côte d’Ivoire; and Caylloma, an underground silver-lead-zinc mine in Peru. The portfolio combines gold, silver, lead, and zinc production from its current operating mines. Lindero and Caylloma are wholly owned.
The 2025 sales of San Jose in Mexico and Yaramoko in Burkina Faso reshaped the portfolio, leaving operations across Latin America and West Africa. Diamba Sud in Senegal is an advanced-exploration gold project.
Permitting, environmental, social, and transportation conditions in foreign jurisdictions shape mining operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Scotiabank | Reiterate | Rating: —Target: $14 | Target: $14.50 |
| Jan 26, 2026 | Scotiabank | Reiterate | Rating: —Target: $11 | Target: $14 |
| Nov 24, 2025 | Scotiabank | Target | Target: $10.50 | Target: $11 |
| Oct 23, 2025 | Scotiabank | Reiterate | Rating: —Target: $8.50 | Target: $10.50 |
| Oct 16, 2025 | Scotiabank | Reiterate | Rating: —Target: $6.50 | Target: $8.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $614.4M · Total debt $234.2M · Total assets $2.50B · Shareholders' equity $1.77B
- Revenue
- $318.4M
- Operating income
- $163.2M
- Net income
- $75.5M
No dividends on record.
| Institutions | ≈ 63.57% | 194.50M ADS | |
|---|---|---|---|
| 264 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 36.43% | 111.46M ADS | |
| remainder | |||
305.96M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 6.86% | 20.99M ADS | as of Jun 30, 2026 |
Global X Management CO LLCInstitution | 5.89% | 18.02M | filed Feb 17, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 4.91% | 15.04M ADS | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 3.93% | 12.01M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 3.45% | 10.56M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Vanguard Extended Duration Treasury ETF
West African gold producer with mines in Côte d’Ivoire and Senegal
- Prudential Financial
Côte d’Ivoire gold producer operating Yaouré and Sissingué
- Allied Gold
Côte d’Ivoire gold producer operating the Bonikro and Agbaou complex
- Barrick Mining
Argentine gold producer and 50/50 Veladero joint-venture operator
- Pan American Silver
Peruvian underground silver-zinc-lead mine operator at Huaron
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fortuna Mining | $11.94 | +1.53% | $3.56B | 10.0 | 7.2 | 3.0 | +38.2% |
| Vanguard Extended Duration Treasury ETF | $60.21 | −0.15% | $4.24B | — | — | — | — |
| Prudential Financial | $116.74 | −1.51% | $41.13B | 10.7 | 8.3 | 0.6 | +2.8% |
| Allied Gold | $22.26 | −0.54% | $2.83B | — | 3.2 | 1.9 | +45.4% |
| Barrick Mining | $43.37 | +1.59% | $71.53B | 10.9 | 10.5 | 3.5 | +39.3% |
| Pan American Silver | $49.70 | +1.95% | $20.54B | 14.7 | 12.1 | 4.8 | +35.9% |
| Median | 10.9 | 9.4 | 2.7 | +37.6% |







