FORTUNA MINING CORP.
FSM · Gold and Silver Ores · EDGAR filings ↗
Grade
B79Diversified precious-metals producer with strong returns, margins and earnings growth and a healthy balance sheet.
Strengths
- Strong returns: ROA 13.2% (89th pct), ROE 17.9% (82nd pct), operating margin 43% (81st pct)
- Revenue +40% and net income +119% with $554M cash (80th pct) and current ratio ~3.0
Risks
- Commodity-price dependence and emerging-market mining/jurisdiction risk
- No durable moat; returns track the gold/silver price cycle
Notable findings
- Strong balance sheetStrong balance sheet — $554M cash & investments
Key metrics
Gross margin
49.3%
Operating margin
43.1%
Net margin
32.8%
Return on equity
17.9%
Return on assets
13.2%
Revenue growth (QoQ)
39.8%
Net-income growth
119.2%
Current ratio
3.0×
Tangible book value
$1.7B
Cash & investments
$554M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-03-26 | 2025-12-31 | 0001104659-26-035151 ↗ |
| 40-F | 2025-03-27 | 2024-12-31 | 0001558370-25-003846 ↗ |
| 40-F | 2024-03-28 | 2023-12-31 | 0001558370-24-004237 ↗ |
| 40-F | 2023-03-30 | 2022-12-31 | 0001104659-23-038983 ↗ |
| 40-F | 2022-03-31 | 2021-12-31 | 0001104659-22-040966 ↗ |
| 40-F | 2021-03-30 | 2020-12-31 | 0001104659-21-043910 ↗ |
| 40-F | 2020-03-30 | 2019-12-31 | 0001104659-20-040533 ↗ |
| 40-F | 2019-03-29 | 2018-12-31 | 0001279569-19-000763 ↗ |
| 40-F | 2018-04-02 | 2017-12-31 | 0001144204-18-018704 ↗ |
| 40-F | 2017-05-15 | 2016-12-31 | 0001193125-17-170545 ↗ |
| 40-F | 2016-03-29 | 2015-12-31 | 0001217160-16-000460 ↗ |
| 40-F | 2015-03-27 | 2014-12-31 | 0001217160-15-000085 ↗ |