Fortuna Mining Corp. (FSM) Has Gained More Than 59% Over The Past 6 Months

1 day ago 3

Talha Qureshi

Fri, January 16, 2026 astatine 9:26 AM CST 2 min read

Fortuna Mining Corp. (NYSE:FSM) is 1 of the Best Performing Affordable Stocks Under $40. Fortuna Mining Corp. (NYSE:FSM) has gained much than 59.27% implicit the past 6 months. Recently, connected December 8, the institution announced affirmative exploration drilling results from its Diamba Sud Gold Project successful Senegal.

Management noted that the Preliminary Economic Assessment shows beardown economical imaginable with an estimated after-tax NPV5% of US$563 cardinal and 72% IRR astatine a golden terms of US$2,750/oz. The institution further noted that infills suggest higher people results and hold drilling. Management highlighted that the spread DSDD555 deed 6.8 g/t golden implicit 35.5m existent width, which is exceptionally wide and high-grade. Moreover, spread DSDD574 returned 1.7 g/t implicit 29.6m and 2.0 g/t implicit 20.0m existent widths. Management noted that these broad, accordant intervals suggest mineralization expansion, perchance increasing the resource.

Fortuna Mining Corp. (NYSE:FSM) aims for a feasibility survey and operation determination by Q2 2026. Moreover, the results are expected to beryllium updated successful Q1 2026 assets estimates, thereby boosting task worth up of feasibility.

Fortuna Mining Corp. (NYSE:FSM) is simply a Canadian mining institution that focuses connected extracting precious metals, chiefly golden and silver. The institution operates respective mines located successful Latin America and West Africa, specifically successful countries similar Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.