Canada's Fortuna Silver Mines Q4 sales rise, beat expectations on rising metal prices

Fortuna Mining

19/02/2026 05:14

Overview

Canada precious metals miner's Q4 sales rose, beating analyst expectations

Adjusted net income for Q4 rose, driven by higher realized gold prices

Company expanded mineral reserves at Séguéla by 31%, extending mine life

Outlook

Fortuna expects Séguéla plant expansion study results in Q2 2026

Company targets mid-2026 construction decision for Diamba Sud project

Fortuna allocates $67 mln for early works at Diamba Sud

Result Drivers

HIGHER AISC - Co reported higher AISC due to rising metal prices impacting royalties and share-based compensation expenses

LINDERO PRODUCTION CHALLENGES - Lower production at Lindero due to equipment downtime impacted results

STRATEGIC DIVESTMENT - Co streamlined portfolio by divesting non-core assets to focus on growth at Diamba Sud and Séguéla

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$270.20 mln
$265 mln (1 Analyst)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Fortuna Mining Corp is C$17.75, about 23.6% above its February 18 closing price of C$14.36

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNEc69vyV

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)