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Symbol Data
Symbol
Currency
NYSE:FSM
USD
TSE:FVI
CAD
Description
Fortuna Mining are a gold and silver focused mid-tier producer with five producing mines in Argentina, Burkina Faso, Cote d'Ivoire, Mexico and Peru and four exploration properties. Currently they produce roughly 375koz. of gold and 4.5Moz. of silver per year. They have approximately 5.5Moz. of gold and 40Moz. of silver in the reserves and resources category of which 4Moz. of gold and 20Moz. of silver are in the measured and indicated category. They have a market capitalisation of ~$1575.26M which is a rise of roughly 2% over the last one months. As of 11/02/2024 they have ~$140M debt and ~$128M cash. They have 313M shares outstanding and trade on the New York Stock Exchange and the Toronto Stock Exchange.
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General Details
Financial
11/02/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
MCap (FD):
$1,548.40M
$1,575.26M
11/02/2024
Total Assets:
$1,991.00M
$1,991.00M
11/02/2024
Total Liabilities:
$686.00M
$686.00M
11/02/2024
Current Assets:
$275.00M
$275.00M
11/02/2024
Current Liabilities:
$138.00M
$138.00M
11/02/2024
Total Debt:
$140.00M
$140.00M
11/02/2024
Cash:
$128.00M
$128.00M
11/02/2024
Enterprise Value:
$1,560.40M
$1,587.26M
04/18/2020
Cash Flow:
$380.27M
$340.28M
never
Cash Flow Multiple:
4.07
4.63
never
Net Debt to Cash Flow Ratio:
0.03
0.04
never
Finance within 1 year:
11/02/2024
Misc
11/02/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Shares Outstanding:
313,000,000
313,000,000
11/02/2024
Shares (FD):
316,000,000
316,000,000
11/02/2024
Insider Ownership:
n/a
n/a
never
Dividend (Annual):
n/a
n/a
never
Company Type:
Mostly Gold
Mostly Gold
never
Production ETA:
n/a
n/a
11/02/2024
Production (Gold Eq Oz.):
(guess) 428,303
(guess) 427,693
11/02/2024
Production (Silver Eq Oz.) :
(guess) 36,158,698
(guess) 36,525,000
11/02/2024
Initial CapEx (Outstanding):
n/a
n/a
11/02/2024
Funding Option:
n/a
n/a
11/02/2024
Documentation:
none
PRODUCER
11/15/2024
Future MCap Modifier:
0.25Producer: Quality
0.25Producer: Quality
11/02/2023
Cash Flow Multiplier:
12
12
03/07/2024
Resource Data
GOLD
11/02/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
3.00M
3.00M
11/02/2024
Measured & Indicated:
4.00M
4.00M
11/02/2024
Inferred:
1.50M
1.50M
11/02/2024
Reserves & Resources:
5.50M
5.50M
never
P L A U S I B L E
Proven & Probable:
2.55M
2.55M
11/02/2024
Measured & Indicated:
3.23M
3.23M
11/02/2024
Inferred:
0.64M
0.64M
11/02/2024
Reserves & Resources:
3.87M
3.87M
never
C U R R E N T
Annual Production:
(guess) 375,000oz.
(CG) 375,000oz.
11/02/2024
Cash Cost:
$1,050
$1,050
11/02/2024
Extra Operating Cost:
$750
$750
11/02/2024
Total:
$1,800
$1,800
11/02/2024
Margin (Free Cash Flow):
$937 (34%)
$847 (32%)
G R A D E
Underground (Avg):
4.00 g/t
4.00 g/t
11/02/2024
Open Pit (Avg):
n/a
1.50 g/t
03/23/2024
Recovery Rate:
(CG) 85.00%
(CG) 85.00%
11/15/2024
F U T U R E
Proven & Probable:
4.00M
4.00M
11/02/2024
Annual Production:
450,000oz.
450,000oz.
11/02/2024
Cash Cost:
$1,200
$1,200
11/02/2024
Extra Operating Cost:
$650
$650
11/02/2024
SILVER
11/02/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
20.00M
20.00M
11/02/2024
Measured & Indicated:
20.00M
20.00M
11/02/2024
Inferred:
20.00M
20.00M
11/02/2024
Reserves & Resources:
40.00M
40.00M
never
P L A U S I B L E
Proven & Probable:
16.00M
16.00M
11/02/2024
Measured & Indicated:
16.00M
16.00M
11/02/2024
Inferred:
8.00M
8.00M
11/02/2024
Reserves & Resources:
24.00M
24.00M
never
C U R R E N T
Annual Production:
(guess) 4,500,000oz.
(guess) 4,500,000oz.
11/02/2024
Cash Cost:
$16.00
$16.00
11/02/2024
Extra Operating Cost:
$10.00
$10.00
11/02/2024
Total:
$26.00
$26.00
11/02/2024
Margin (Free Cash Flow):
$6.42 (19.80%)
$5.00 (16.13%)
G R A D E
Underground (Avg):
120.00 g/t
120.00 g/t
11/02/2024
Open Pit (Avg):
n/a
n/a
11/02/2023
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
11/15/2024
F U T U R E
Proven & Probable:
20.00M
20.00M
11/02/2024
Annual Production:
1,500,000oz.
1,500,000oz.
11/02/2024
Cash Cost:
$17.00
$17.00
11/02/2024
Extra Operating Cost:
$10.00
$10.00
11/02/2024
Property
Last Analysis Data (11/02/2024)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Production
Salta , Argentina
Lindero
100%
3,500
Open Pit
show
Production scheduled for Q1 2015 at 110,000 oz per year. Cash cost should be below $800. Forecasted to be $650. All-In Costs should be below $1200 and perhaps below $1000. 3 million oz deposit (.5 gpt).
Exploration
Argentina
Arizaro
100% (guess)
n/a
Open Pit
show
Part of the Lindero property. Only 15% of the property has been explored. They will likely find more gold to extend the mine life.
Production
West Africa , Burkina Faso
Yaramoko
100%
16,700
n/a
show
1 million oz deposit. Very high grade (avg 13 gpt). Feasibility study due in Q2 2014.
100,000 oz per year for 10+ years.
Low cash costs, very economic.
Exploration
West Africa , Burkina Faso
Bissa West
90%
3,800
n/a
show
Likely their second mine, but still early exploration.
Exploration
West Africa , Burkina Faso
Solna
100%
37,000
n/a
show
Their largest property. Early exploration.
Production
West Africa , Cote d'Ivoire
Seguela
100% (guess)
300,000
n/a
show
500,000 oz at 2.4 gpt
Still early exploration
Production
Oaxaca , Mexico
San Jose
100%
n/a
Underground
show
4.5 million oz of production in 2015.
Including Trinidad North, 85 million oz deposit (150 gpt).
Production
Arequipa , Peru
Caylloma
100%
n/a
Underground
show
2 million oz of production in 2015
44 million oz deposit (150 gpt)
Exploration
West Africa , Senegal
Diamba Sud
100% (guess)
5,300
Open Pit
show
Appears to be a mine.
Early exploration.
Total Land Package Size (ha):
366,300
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Production
Salta , Argentina
Lindero
100%
3,500
Open Pit
show
Production scheduled for Q1 2015 at 110,000 oz per year. Cash cost should be below $800. Forecasted to be $650. All-In Costs should be below $1200 and perhaps below $1000. 3 million oz deposit (.5 gpt).
Exploration
Argentina
Arizaro
100% (guess)
n/a
Open Pit
show
Part of the Lindero property. Only 15% of the property has been explored. They will likely find more gold to extend the mine life.
Production
West Africa , Burkina Faso
Yaramoko
100%
16,700
n/a
show
1 million oz deposit. Very high grade (avg 13 gpt). Feasibility study due in Q2 2014.
100,000 oz per year for 10+ years.
Low cash costs, very economic.
Exploration
West Africa , Burkina Faso
Bissa West
90%
3,800
n/a
show
Likely their second mine, but still early exploration.
Exploration
West Africa , Burkina Faso
Solna
100%
37,000
n/a
show
Their largest property. Early exploration.
Production
West Africa , Cote d'Ivoire
Seguela
100% (guess)
300,000
n/a
show
500,000 oz at 2.4 gpt
Still early exploration
Production
Oaxaca , Mexico
San Jose
100%
n/a
Underground
show
4.5 million oz of production in 2015.
Including Trinidad North, 85 million oz deposit (150 gpt).
Production
Arequipa , Peru
Caylloma
100%
n/a
Underground
show
2 million oz of production in 2015
44 million oz deposit (150 gpt)
Exploration
West Africa , Senegal
Diamba Sud
100% (guess)
5,300
Open Pit
show
Appears to be a mine.
Early exploration.
Total Land Package Size (ha):
366,300
Profitability (by resource)
Proven & Probable
11/02/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
92.68%
92.76%
n/a
Percentage Silver:
7.32%
7.24%
n/a
Total (Gold Eq. Oz.):
3.24M
3.23M
n/a
Total (Silver Eq. Oz.):
273.27M
276.20M
n/a
P L A U S I B L E
Gold Eq. Oz.:
2.74M
2.74M
n/a
Silver Eq. Oz.:
231.28M
233.77M
n/a
Maximum Profit (Gold):
$2,389.35M
$2,160.87M
n/a
Maximum Profit (Silver):
$102.72M
$80.00M
n/a
Total Maximum Profit:
$2,492.07M
$2,240.87M
n/a
Max Profit / Current MCap:
1.609
1.423
n/a
Max Profit Per Share (Gold):
$7.56
$6.84
n/a
Max Profit Per Share (Silver):
$0.33
$0.25
n/a
Total Max Profit Per Share:
$7.89
$7.09
n/a
Total Free Profit Per Share:
$2.99
$2.11
n/a
FD MCap / Gold Eq.:
$565.21
$575.47
n/a
FD MCap / Silver Eq.:
$6.69
$6.74
n/a
FD MCap / Per Metal as % Spot Price:
20.65%
21.74%
n/a
Measured & Indicated
11/02/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
94.41%
94.47%
n/a
Percentage Silver:
5.59%
5.53%
n/a
Total (Gold Eq. Oz.):
4.24M
4.23M
n/a
Total (Silver Eq. Oz.):
357.69M
361.60M
n/a
P L A U S I B L E
Gold Eq. Oz.:
3.42M
3.42M
n/a
Silver Eq. Oz.:
288.69M
291.84M
n/a
Maximum Profit (Gold):
$3,026.51M
$2,737.10M
n/a
Maximum Profit (Silver):
$102.72M
$80.00M
n/a
Total Maximum Profit:
$3,129.23M
$2,817.10M
n/a
Max Profit / Current MCap:
2.021
1.788
n/a
Max Profit Per Share (Gold):
$9.58
$8.66
n/a
Max Profit Per Share (Silver):
$0.33
$0.25
n/a
Total Max Profit Per Share:
$9.90
$8.91
n/a
Total Free Profit Per Share:
$5.00
$3.93
n/a
FD MCap / Gold Eq.:
$452.81
$460.96
n/a
FD MCap / Silver Eq.:
$5.36
$5.40
n/a
FD MCap / Per Metal as % Spot Price:
16.54%
17.41%
n/a
Reserves & Resources
11/02/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
92.07%
92.15%
n/a
Percentage Silver:
7.93%
7.85%
n/a
Total (Gold Eq. Oz.):
5.97M
5.97M
n/a
Total (Silver Eq. Oz.):
504.33M
509.70M
n/a
P L A U S I B L E
Gold Eq. Oz.:
4.15M
4.15M
n/a
Silver Eq. Oz.:
350.51M
354.28M
n/a
Maximum Profit (Gold):
$3,623.85M
$3,277.32M
n/a
Maximum Profit (Silver):
$154.08M
$120.00M
n/a
Total Maximum Profit:
$3,777.93M
$3,397.32M
n/a
Max Profit / Current MCap:
2.440
2.157
n/a
Max Profit Per Share (Gold):
$11.47
$10.37
n/a
Max Profit Per Share (Silver):
$0.49
$0.38
n/a
Total Max Profit Per Share:
$11.96
$10.75
n/a
Total Free Profit Per Share:
$7.06
$5.77
n/a
FD MCap / Gold Eq.:
$372.95
$379.72
n/a
FD MCap / Silver Eq.:
$4.42
$4.45
n/a
FD MCap / Per Metal as % Spot Price:
13.63%
14.34%
n/a
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
11/02/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Spot Gold:
$2,737.00
$2,647.40
12/03/2024
Spot Silver:
$32.42
$31.00
12/03/2024
Gold:Silver Ratio:
84.42
85.40
12/03/2024
Spot Gold (Future):
$3,000.00
$4,000.00
Spot Silver (Future):
$100.00
$100.00
Gold:Silver Ratio (Future):
30.00
40.00
Gold Avg. Recovery Rate:
75.00%
75.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
Plausibility of P & P:
100.00%
100.00%
Plausibility of M & I:
80.00%
80.00%
Plausibility of Inferred:
50.00%
50.00%
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