Fortuna Mining Reports Q3 2026 Results with Increased Sales and Free Cash Flow
Fortuna Mining (FSM) reported third-quarter 2026 sales of $293.4 million, a 17% increase driven by higher realized gold and silver prices. Despite lower production volumes, the company saw a significant boost in free cash flow from ongoing operations, which rose 24% to $90.8 million due to favorable timing of tax payments and reduced sustaining capital expenditures. The company is currently focused on strategic expansion, including the $206 million acquisition of the Bambadji project in Senegal and a planned $109 million expansion at the Seguela plant. While adjusted EBITDA grew 21% year-over-year to $165 million, management noted inflationary pressures from diesel prices and royalties are expected to increase All-in Sustaining Costs (AISC) beyond original guidance.
Tickers: $FSM
Topics: Acquisitions Capital Expenditure Financial Results Gold Mining