Core Viewpoint - Fortuna Mining Corp. is set to release its financial statements and Management Discussion and Analysis (MD&A) for Q4 and the full year 2025 on February 18, 2026, after market close [1]. Financial Results Announcement - The financial results will be discussed in a conference call on February 19, 2026, at 9:00 a.m. Pacific time / 12:00 p.m. Eastern time, hosted by key executives including the President and CEO, CFO, and COOs for West Africa and Latin America [2][4]. Conference Call Details - Interested parties can join the live conference call via a webcast or by phone, with specific dial-in numbers provided for both toll-free and international callers [3][4]. - A replay of the earnings call will be available until March 5, 2026, and the webcast will be accessible until February 19, 2027 [4]. Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company operating three mines and holding exploration projects in Argentina, Côte d'Ivoire, Mexico, and Peru, along with the Diamba Sud Gold Project in Senegal [5]. - The company emphasizes sustainability in its operations and stakeholder relationships, focusing on efficient production, environmental stewardship, and social responsibility [5].

Core Viewpoint - Fortuna Mining Corp. is set to release its financial statements and Management Discussion and Analysis (MD&A) for Q4 and the full year 2025 on February 18, 2026, after market close [1]. Financial Results Announcement - The financial results will be discussed in a conference call on February 19, 2026, at 9:00 a.m. Pacific time / 12:00 p.m. Eastern time, hosted by key executives including the President and CEO, CFO, and COOs for West Africa and Latin America [2][4]. Conference Call Details - Interested parties can join the live conference call via a webcast or by phone, with specific dial-in numbers provided for both toll-free and international calls [3][4]. - A replay of the earnings call will be available until March 5, 2026, and the webcast will be accessible until February 19, 2027 [4]. Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company operating three mines and holding exploration projects in Argentina, Côte d'Ivoire, Mexico, and Peru, along with the Diamba Sud Gold Project in Senegal [5]. - The company emphasizes sustainability in its operations and stakeholder relationships, focusing on efficient production, environmental stewardship, and social responsibility [5].

Core Insights - Fortuna Mining Corp. (NYSE:FSM) is recognized as a high-upside materials stock, with recent upgrades from analysts indicating positive market sentiment and growth potential [1][2]. Group 1: Analyst Upgrades and Price Targets - CIBC upgraded Fortuna Mining Corp. from Underperformer to Neutral, raising its price target to C$16 from C$9, anticipating continued demand for gold [1]. - Scotiabank analyst Eric Winmill increased his price target for Fortuna Mining Corp. to $14 from $11 while maintaining an Outperform rating [1]. Group 2: Mineral Reserves and Production Outlook - Fortuna Mining Corp. announced a significant expansion of mineral reserves at its Séguéla Mine in Côte d'Ivoire, increasing reserves to 1.54 million ounces of gold, a 31% increase from late 2025 [2]. - The company expects to extend the mine's life to over nine years at the current processing rate and is advancing studies for a processing plant expansion that could increase throughput by about 25% [2]. Group 3: Company Operations - Fortuna Mining Corp. is engaged in the exploration, extraction, and processing of precious and base metals in Latin America, operating the Caylloma silver, lead, and zinc mine and the San Jose silver-gold mine, with another site under construction [3].

Core Viewpoint - Fortuna Mining Corp. has submitted an application for an exploitation permit for the Diamba Sud Gold Project, indicating progress in its development strategy [1][2]. Group 1: Project Development - The company is advancing early works and engineering at Diamba Sud, including site preparation and detailed engineering programs aimed at de-risking critical path activities [2]. - An updated Mineral Resource estimate for Diamba Sud is expected to be published by the end of February 2026, which will inform the estimation of Mineral Reserves for the feasibility study [2]. - A construction decision for the project is targeted for mid-2026, contingent upon receiving all necessary permits [2]. Group 2: Economic Assessment - The Preliminary Economic Assessment (PEA) completed in October 2025 demonstrated robust project economics for Diamba Sud [2]. Group 3: Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and exploration projects in Argentina, Côte d'Ivoire, Mexico, Peru, and the Diamba Sud Gold Project in Senegal [3]. - The company emphasizes sustainability in its operations and stakeholder relationships, focusing on efficient production, environmental stewardship, and social responsibility [3].

Market Overview - Gold and silver prices are rebounding after a significant drop, with gold losing 10% and silver plummeting 30% around January 30 [1] - The commodities market is influenced by various factors, including the U.S. dollar, interest rates, and market risk [1] Market Sentiment - Experts suggest that the recent volatility in gold and silver prices is more about market reactions and leverage rather than a fundamental decline in demand [2][3] - The selloff in commodities is viewed as a knee-jerk reaction rather than a permanent shift in the precious metals market [4] Trading Dynamics - The current market dynamics involve traders unwinding crowded positions due to tighter liquidity and geopolitical tensions [4] - Increased options trading and algorithmic trading have contributed to the volatility in precious metals [4] Investment Opportunities - Market sentiment indicates that it may be a good time to buy gold and silver on the dip, as investors do not foresee major issues in the precious metals market [5] - Agnico Eagle Mines Ltd is highlighted as a strong candidate, trading at $196 per share, with a history of dividends and a planned increase of 10%-15% [7] - First Majestic Silver Corp is noted for its growth potential, trading at $21 per share, and has seen a 34.6% increase in 2026 [8] - Fortuna Silver Mines Inc has reported solid financial stability and plans to expand production, with a recent stock price increase of 98% over the past year [11][12] ETF Consideration - For those seeking lower risk exposure to precious metals, several major gold and silver ETFs are recommended as a simpler investment route [13]

Core Viewpoint - Fortuna Mining Corp (FSM) is a significant player in the mining industry, focusing on precious metals like silver and gold, with operations in Latin America and West Africa [1] Stock Performance - FSM's stock has seen a slight decline of approximately 2.66% over the past month, with a more notable 10-day decline of about 10.14%, which may present a buying opportunity for long-term investors [2][5] Growth Potential - FSM has a significant stock price growth potential of 44.26%, indicating that the stock is currently undervalued and presents an attractive entry point for growth-seeking investors [3][5] - The company boasts a high Piotroski Score of 8, reflecting strong fundamentals that support its potential for substantial appreciation [3][5] Target Price - Analysts have set a target price for FSM at $14, suggesting confidence in the company's ability to achieve its growth objectives and indicating significant upside from current trading levels [4]

Core Viewpoint - Fortuna Mining Corp. is recognized as one of the best-performing silver stocks to consider for investment, with positive ratings and growth projections from analysts [1][2]. Group 1: Analyst Ratings and Price Targets - BMO Capital has maintained an Outperform rating for Fortuna Mining Corp. and increased its price target from C$15 to C$17, indicating confidence in the company's future performance [2]. Group 2: Production and Financial Outlook - Fortuna Mining Corp. anticipates producing between 281,000 and 305,000 ounces of gold equivalent in 2026, driven by increased output at the Seguela Mine, although this will be partially offset by reduced production at Caylloma due to gold-to-base-metal conversion impacts [3]. - The estimated all-in sustaining cost (AISC) per ounce is projected to be between $1,830 and $1,975, influenced by higher royalties and metal price impacts at Caylloma [3]. - Growth in production is expected to be supported by higher gold output at Seguela and reduced cash costs at Lindero, despite challenges from increased costs [3]. Group 3: Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in West Africa and Latin America, focusing on gold and silver production [4].

Core Viewpoint - Fortuna Mining Corp. has announced updated Mineral Reserves and Resources for the Séguéla Mine, indicating a total of 1.54 million ounces of gold in Mineral Reserves as of December 31, 2025, with significant potential for further growth and expansion in production capacity [1][2][9]. Mineral Reserves - The Séguéla Mine has Proven and Probable Mineral Reserves of 16.0 million tonnes, containing 1.54 million ounces of gold, reflecting a 31% increase in contained gold ounces compared to October 31, 2025 [9]. - Mineral Reserve tonnes increased by 23% and the average gold grade rose by 7% to 3.01 g/t Au during the same period [9]. - The first-time estimation of underground Mineral Reserves at the Sunbird deposit totals 3.5 million tonnes at an average grade of 3.60 g/t Au, containing 401,000 ounces of gold [13]. Mineral Resources - Measured and Indicated Mineral Resource gold ounces, exclusive of Mineral Reserves, decreased by 333,000 ounces due to the application of modifying factors for the estimation of underground Mineral Reserves [9]. - Inferred Resources remained relatively unchanged compared to October 31, 2025 [10]. Production and Expansion Potential - The mine life of Séguéla now exceeds 9 years at current production rates, with exploration drilling indicating further growth potential [2]. - A processing plant expansion study has been initiated, which could increase annual gold production to over 200,000 ounces, with completion expected in Q2 2026 [2][14]. - Current mining rate is 1.75 million tonnes per annum, with plans to expand capacity to between 2.0 and 2.5 million tonnes per year [7][14]. Exploration and Future Growth - Exploration drilling completed in 2025 suggests that mineralization at the Sunbird deposit remains open down plunge and down dip, with an updated estimate planned for Q2 2026 [7]. - Drilling at Kingfisher, Koula, and Ancien deposits shows that mineralization remains open at depth, indicating additional potential for underground mining expansion [7].

Core Insights - Fortuna Mining Corp. has experienced a significant stock price increase of over 59.27% in the past six months, indicating strong market performance [1] - The company announced positive exploration drilling results from its Diamba Sud Gold Project in Senegal, highlighting the potential for resource expansion [2] Group 1: Economic Potential - The Preliminary Economic Assessment indicates a strong economic outlook with an estimated after-tax NPV5% of US$563 million and a 72% IRR at a gold price of US$2,750 per ounce [2] - Recent drilling results show high-grade mineralization, with hole DSDD555 returning 6.8 g/t gold over 35.5 meters true width, suggesting significant resource potential [2] Group 2: Future Plans - Fortuna Mining Corp. aims to complete a feasibility study and make a construction decision by Q2 2026, which could further enhance project value [3] - Updated resource estimates are expected in Q1 2026, potentially increasing the attractiveness of the project ahead of the feasibility study [3] Group 3: Company Overview - Fortuna Mining Corp. is a Canadian mining company focused on extracting precious metals, primarily gold and silver, with operations in Latin America and West Africa [4]

Core Viewpoint - Fortuna Mining Corp. achieved its annual production guidance for 2025, producing 317,001 gold equivalent ounces (GEO) across its three operating mines in Latin America and West Africa, despite a decrease in fourth-quarter production due to mechanical downtime at the Lindero mine [1][6]. Fourth Quarter 2025 Highlights - GEO production for Q4 2025 was 65,130, down from 72,462 in Q3 2025 and 75,562 in Q4 2024, primarily due to mechanical downtime at Lindero [2][6]. - Lindero's production was impacted by a failure of the primary crusher and HPGR, leading to a 21% decrease in gold production compared to the previous quarter [15][16]. Full Year 2025 Highlights - Total GEO production from ongoing operations was 279,207, a decrease from 292,169 GEO in 2024, attributed to rising gold prices affecting the gold-to-base-metal ratios [6]. - Séguéla mine achieved record gold production of 152,426 ounces, exceeding the upper end of its annual guidance by 4% [11][6]. - The company streamlined its portfolio by divesting short reserve-life assets, including the San Jose and Yaramoko mines [6]. 2026 Outlook Highlights - The company aims for GEO production between 281,000 and 305,000, representing a projected increase of 1% to 9% compared to 2025 [6][28]. - Cash costs are expected to range from $895 to $1,000 per GEO, with all-in sustaining costs (AISC) projected between $1,830 and $1,975 per GEO [6][29]. - Key growth projects include advancing the Diamba Sud Gold Project and expanding the Séguéla processing plant [6][26]. Regional Performance Séguéla Mine, Côte d'Ivoire - Séguéla produced 36,942 ounces of gold in Q4 2025, with a gold grade of 3.16 g/t and a recovery rate of 92.1% [8][9]. - The mine's production was impacted by downtime due to maintenance but still achieved record annual production [11][7]. Lindero Mine, Argentina - Lindero produced 19,201 ounces of gold in Q4 2025, a 21% decrease from Q3 2025, due to mechanical issues [15][17]. - The mine's total production for 2025 was 87,489 ounces, falling short of annual guidance [17]. Caylloma Mine, Peru - Caylloma produced 39,292 GEO in 2025, with strong operational performance in base metal production exceeding guidance [20][24]. - The mine processed 555,649 tonnes of ore in 2025, maintaining consistent production levels [19][22]. Financial Position - As of December 31, 2025, the company had an estimated liquidity of $704 million and a net cash position of $382 million, supporting planned investments in project development and expansion [27].