Fortuna Mining Corp. has filed its Form 40-F annual report with the SEC for the fiscal year ended December 31, 2025. The Canadian precious metals mining company operates three mines across Argentina, Côte d'Ivoire, Mexico, and Peru, with exploration projects including the Diamba Sud Gold Project in Senegal, which recently showed strong drilling results with 6.0 g/t gold intersections and a 73% expansion of indicated mineral resources.
Fortuna Mining Corp. (FSM)
Common Stock · Currency in USD · XNYS
Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'voire, Mexico, and Peru. The company's segment consists of Mansfield, Sango, Bateas, Corporate. The company generates the majority of its revenue from Sango segment which operates the Seguela gold mine. Geographically, the company generates the majority of its revenue from Cote d' Ivoire location.
Company Info
SIC—
Composite FIGIBBG000LDZ482
CIK0001341335
IPOMar 17, 1992
Sector—
Highlights
Market Cap$3.14B
EPS—
P/E Ratio—
Revenue—
Gross Profit—
Net Income—
Employees1,633
WSO305,259,986
Phone—
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fortuna Mining Corp., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Fortuna Mining Corp. (FSM) has returned 2.80% so far this year and 99.42% over the past 12 months. Looking at the last ten years, FSM has achieved an annualized return of 10.20%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
FSM
1M-14.84%
6M14.24%
YTD2.80%
1Y99.42%
5Y7.12%
10Y10.20%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Fortuna Mining Corp. (FSM) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.10% | 41.55% | -28.30% | 0.79% | ||||||||
| 2025 | 15.75% | -14.79% | 36.16% | 2.63% | -3.47% | 8.46% | -4.02% | 15.79% | 12.00% | -8.42% | 22.67% | -4.48% |
| 2024 | -21.30% | -11.44% | 36.13% | 17.92% | 35.95% | -21.76% | -2.23% | -5.56% | 2.43% | 5.52% | -4.97% | -9.11% |
| 2023 | 1.05% | -16.10% | 16.46% | -1.84% | -14.03% | -2.41% | 8.56% | -10.40% | -13.38% | 4.85% | 36.36% | -1.03% |
| 2022 | -11.63% | 6.63% | 2.14% | -7.45% | -3.25% | -14.97% | 2.52% | -20.14% | 12.00% | 5.70% | 28.62% | -1.32% |
| 2021 | -10.88% | -19.55% | -15.20% | -8.36% | 13.75% | -21.39% | -16.08% | -7.19% | -11.09% | 20.90% | -28.69% | 11.11% |
| 2020 | -4.85% | -23.77% | -24.76% | 31.00% | 55.36% | 10.41% | 32.02% | 7.07% | -14.05% | 2.16% | -6.36% | 22.99% |
| 2019 | 9.81% | -6.73% | -9.46% | -8.36% | -15.64% | 7.55% | 33.33% | 13.42% | -26.60% | 2.57% | 3.46% | 23.64% |
| 2018 | -9.60% | -5.25% | 16.82% | 7.97% | -1.60% | 2.71% | -2.32% | -15.96% | -2.67% | -13.07% | -17.05% | 10.64% |
| 2017 | 8.90% | -8.59% | -5.11% | -11.18% | 3.29% | 4.49% | 5.05% | -2.82% | -10.43% | -3.65% | -1.18% | 24.88% |
| 2016 | 67.19% | -13.78% | 25.31% | 20.94% | -15.52% | -1.09% | -5.52% | -14.14% | -6.61% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Fortuna Mining Corp. (FSM) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of FSM compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Fortuna Mining Corp. volatility is 4.01%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
News and Insights
Fortuna Mining Corp. announced a 73% increase in Indicated Mineral Resources at its Diamba Sud Gold Project in Senegal, reaching 1.25 million ounces of gold as of January 16, 2026. The expansion was driven by infill drilling and resource conversion, with the Southern Arc deposit identified as the largest gold deposit at the project. A feasibility study is targeted for completion by end of Q2 2026, supporting the company's strategy to produce over 500,000 ounces of gold annually.
Fortuna Mining Corp. reported successful exploration drilling results at the Sunbird deposit in Côte d'Ivoire, extending high-grade gold mineralization at depth with notable intercepts including 6.1 g/t Au over 18.9 meters. The company has completed 22 additional drill holes totaling 9,816 meters, with mineralization extending approximately 400 meters beyond existing resource envelopes. Five drill rigs are currently focused on Sunbird with drilling expected to continue throughout 2026.
Fortuna Mining Corp. announced it will release its fourth quarter and full year 2025 financial results on February 18, 2026, followed by a conference call on February 19, 2026. The company also recently submitted an exploitation permit application for the Diamba Sud Gold Project in Senegal and expanded mineral reserves at its Séguéla Mine in Côte d'Ivoire by 31%, extending the mine's life to over 9 years.
Fortuna Mining Corp. submitted an exploitation permit application for its Diamba Sud Gold Project in Senegal on February 4, 2026. The company is advancing early works and engineering activities, with plans to publish an updated Mineral Resource estimate by end of February and target a construction decision for mid-2026. A preliminary economic assessment completed in October 2025 demonstrated robust project economics.
Fortuna Mining Corp. announced a 31% increase in mineral reserves at its Séguéla Mine in Côte d'Ivoire, reaching 1.54 million ounces of gold with a mine life exceeding 9 years. The company added 401,000 ounces of underground reserves at the Sunbird deposit and initiated a processing plant expansion study targeting production increases to over 200,000 ounces annually.
Gold trading above $4,300 per ounce has sparked an aggressive drilling boom across the mining sector, with companies expanding exploration programs to capitalize on high profit margins and anticipated future gold prices.
Fortuna Mining Corp. filed a technical report for the Diamba Sud Gold Project in Senegal, supporting the results of a Preliminary Economic Assessment with an effective date of October 15, 2025.
Fortuna Mining Corp. reported 1.2 million ounces of gold in Mineral Reserves at its Séguéla Mine, representing an 11% increase. The company plans to expand processing capacity, evaluate underground mining, and continue exploration to extend mine life.
Fortuna Mining Corp. reported successful exploration drilling at the Sunbird Deposit in Côte d'Ivoire, extending high-grade gold mineralization underground and defining a second underground shoot with potential for resource growth and mine life extension.