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Stocks · Materials · Gold and Silver Ores

FORTUNA MINING CORP.

FSM Clue Score82
British Columbia, Canada Fiscal year ends December CIK 0001341335
$10.92 +2.92% Close, 9 Oct 2026
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Price $10.92 +163.77% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue210.3Operating income48.5Net income17.9EPS, diluted0.13Fiscal year 2017Revenue268.1 +27.5%Operating income110.3Net income66.3 +271.3%EPS, diluted0.42 +223.1%Fiscal year 2018Revenue263.3 −1.8%Operating income61.6Net income34.0 −48.7%EPS, diluted0.21 −50.0%Fiscal year 2019Revenue257.2 −2.3%Operating income34.2Net income23.8 −30.0%EPS, diluted0.14 −33.3%Fiscal year 2020Revenue279.0 +8.5%Operating income57.2Net income21.6 −9.4%EPS, diluted0.12 −14.3%Fiscal year 2021Revenue599.9 +115.0%Operating income136.9Net income57.9 +168.5%EPS, diluted0.23 +91.7%Fiscal year 2022Revenue681.5 +13.6%Operating income−113.6Net income−128.1 −321.4%EPS, diluted−0.44 −291.3%Fiscal year 2023Revenue842.4 +23.6%Operating income−0.4Net income−50.8EPS, diluted−0.17Fiscal year 2024Revenue677.2 −19.6%Operating income156.1Net income128.7EPS, diluted0.41Fiscal year 2025Revenue947.1 +39.8%Operating income408.4Net income287.5 +123.3%EPS, diluted0.90 +119.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 210.3 268.1 263.3 257.2 279.0 599.9 681.5 842.4 677.2 947.1
Growth +27.5% −1.8% −2.3% +8.5% +115.0% +13.6% +23.6% −19.6% +39.8%
Operating income 48.5 110.3 61.6 34.2 57.2 136.9 −113.6 −0.4 156.1 408.4
Net income 17.9 66.3 34.0 23.8 21.6 57.9 −128.1 −50.8 128.7 287.5
Growth +271.3% −48.7% −30.0% −9.4% +168.5% −321.4% +123.3%
EPS, diluted 0.13 0.42 0.21 0.14 0.12 0.23 −0.44 −0.17 0.41 0.90
Growth +223.1% −50.0% −33.3% −14.3% +91.7% −291.3% +119.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin38.3%Operating margin23.1%Net margin8.5%Fiscal year 2017Gross margin40.9%Operating margin41.1%Net margin24.7%Fiscal year 2018Gross margin36.7%Operating margin23.4%Net margin12.9%Fiscal year 2019Gross margin32.9%Operating margin13.3%Net margin9.3%Fiscal year 2020Gross margin39.5%Operating margin20.5%Net margin7.7%Fiscal year 2021Gross margin34.3%Operating margin22.8%Net margin9.6%Fiscal year 2022Gross margin21.5%Operating margin−16.7%Net margin−18.8%Fiscal year 2023Gross margin22.6%Operating margin−0.0%Net margin−6.0%Fiscal year 2024Gross margin34.5%Operating margin23.1%Net margin19.0%Fiscal year 2025Gross margin49.3%Operating margin43.1%Net margin30.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 38.3% 40.9% 36.7% 32.9% 39.5% 34.3% 21.5% 22.6% 34.5% 49.3%
Operating margin 23.1% 41.1% 23.4% 13.3% 20.5% 22.8% −16.7% −0.0% 23.1% 43.1%
Net margin 8.5% 24.7% 12.9% 9.3% 7.7% 9.6% −18.8% −6.0% 19.0% 30.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow52.7Fiscal year 2017Operating cash flow70.2Fiscal year 2018Operating cash flow83.5Fiscal year 2019Operating cash flow60.2Fiscal year 2020Operating cash flow93.4Fiscal year 2021Operating cash flow147.1Fiscal year 2022Operating cash flow194.2Buybacks−5.9Fiscal year 2023Operating cash flow296.9Fiscal year 2024Operating cash flow365.7Buybacks−34.1Fiscal year 2025Buybacks−10.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 52.7 70.2 83.5 60.2 93.4 147.1 194.2 296.9 365.7 n/a
Buybacks n/a n/a n/a n/a n/a n/a −5.9 n/a −34.1 −10.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash82.5Shareholders’ equity423.2Fiscal year 2017Cash183.1Shareholders’ equity563.6Fiscal year 2018Cash90.5Shareholders’ equity602.8Fiscal year 2019Cash83.4Shareholders’ equity635.4Fiscal year 2020Cash131.9Shareholders’ equity725.8Fiscal year 2021Cash107.1Shareholders’ equity1,375.1Fiscal year 2022Cash80.5Shareholders’ equity1,244.8Fiscal year 2023Cash128.1Total debt43.9Net cash (debt)84.2Shareholders’ equity1,238.4Debt to equity0.04Fiscal year 2024Cash231.3Shareholders’ equity1,403.9Fiscal year 2025Cash554.0Shareholders’ equity1,677.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 82.5 183.1 90.5 83.4 131.9 107.1 80.5 128.1 231.3 554.0
Total debt n/a n/a n/a n/a n/a n/a n/a 43.9 n/a n/a
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a 84.2 n/a n/a
Shareholders’ equity 423.2 563.6 602.8 635.4 725.8 1,375.1 1,244.8 1,238.4 1,403.9 1,677.0
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.04 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
38.3% 40.9% 36.7% 32.9% 39.5% 34.3% 21.5% 22.6% 34.5% 49.3%
23.1% 41.1% 23.4% 13.3% 20.5% 22.8% −16.7% −0.0% 23.1% 43.1%
22.4% 39.1% 25.6% 17.1% 21.1% 17.9% −18.4% −1.3% 20.9% 42.3%
8.5% 24.7% 12.9% 9.3% 7.7% 9.6% −18.8% −6.0% 19.0% 30.4%
Spending
14.8% 9.3% 9.9% 11.6% 12.6% 7.6% 9.0% 7.6% 10.1% 10.3%
62.1% 36.8% 49.5% 45.9% 63.4% 44.6% n/a n/a 36.3% 27.8%
Returns
4.2% 11.8% 5.6% 3.7% 3.0% 4.2% −10.3% −4.1% 9.2% 17.1%
3.2% 9.4% 4.3% 2.5% 2.0% 2.9% −6.8% −2.6% 6.1% 12.2%
Balance and payout
n/a n/a n/a n/a n/a n/a n/a 0.04 n/a n/a
24.8% 20.2% 23.4% 32.1% 31.2% 29.3% 31.3% 34.5% 30.7% 26.5%