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Fortuna Mining Corp.

FSMBasic MaterialsNASDAQ

Gold · Last scanned May 30, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$947.1M
+39.8% YoY
Net Income
$287.5M
+123.3% YoY
EBITDA
$617.1M
+79.4% YoY
Free Cash Flow
$369.3M

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About Fortuna Mining Corp.

Part of the basic materials sector, Fortuna Mining Corp. (FSM) is listed under Gold. The company carries a $3.05B market cap, placing it firmly in the mid-cap category. The company operates through Mansfield, Sango, and Bateas segments.

Key stats
Market Cap$3.05B
P/E (TTM)9.31
Fwd P/E6.08
EPS$1.08
Beta2.09
52W Change+53.3%
ROE22.0%
Analysis

The balance sheet looks solid with $675.8M in cash comfortably exceeding the $209.4M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Annual free cash flow of $369.3M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 22.0% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 14.5% further supports the picture of efficient asset utilization. Revenue has grown from $681.5M (2022) to $947.1M (2025), reflecting a 39% increase over the period.

Fortuna Mining Corp.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Fortuna Mining Corp. and its sector.

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