Fortuna Mining's Gold Equivalent Production Slips 8% Y/Y in Q1
Fortuna Silver Mines Inc. FSM produced 103,459 gold equivalent ounces in the first quarter of 2025, which marked an 8.1% decrease from the year-ago quarter. This includes a gold production of 91,893 ounces, which increased 2.5% year over year.FSM’s Q1 Mine PerformancesFortuna Silver placed its San Jose Mine on care and maintenance on Dec. 24, 2024. The company aims to enter into a strategic process to divest its non-core assets. FSM currently has four operating mines in its portfolio. The Séguéla mine, located in Côte d´Ivoire, contributed 38,500 ounces of gold in the first quarter of 2025. It is expected to produce gold in the range of 134,000-147,000 ounces in 2025.The Yaramoko Mine in Burkina Faso produced 33,073 ounces of gold, up 12% sequentially. FSM expects Yaramoko's gold production to be between 107,000 ounces and 121,000 ounces for 2025.At the Lindero mine in Argentina, first-quarter gold production was 20,320 ounces, down 24% sequentially. The annual guidance for the mine is 93,000-105,000 ounces of gold for 2025.The Caylloma mine in Peru produced 242,993 ounces of silver in the first quarter, lower than the fourth quarter of 2024. Gold output was 11,566 ounces in the first quarter, lower than the 14,493 ounces in the fourth quarter of 2024. Zinc production was around 13.8 million pounds and lead production was 8.8 million pounds. Compared with the previous quarter, zinc and lead production were mostly flat.Fortuna Mining’s 2025 GuidanceFSM expects lower production in 2025 from the prior year due to the expected sale of the San Jose Mine. The gold production guidance for 2025 is pegged at 334,000-373,000 ounces. The silver production guidance is at 0.9-1 million ounces.FSM Stock’s Price PerformanceShares of Fortuna Mining have gained 35.1% in the past year against the industry’s 18.1% decline. Image Source: Zacks Investment ResearchQ1 Preliminary Results of Other Mining StocksFirst Majestic Silver Corp. AG announced that its total production reached 7.7 million silver equivalent ounces in the first quarter of 2025. The figure includes 3.7 million silver ounces and 36,469 gold ounces. The silver equivalent ounces produced marked a solid 49% year-over-year increase, attributed to an 88% surge in silver production.Endeavour Silver Corporation EXK produced 1.9 million silver equivalent ounces in the first quarter of 2025. This reflected a 17% decrease from the year-ago quarter due to reduced silver production at the Guanaceví mine, which offset higher silver output at Bolañitos.Consolidated silver production was down 17% year over year to 1,205,793 ounces, attributed to lower output at Guanacevi. This was partially offset by higher production at the Bolanitos mine.Fortuna Mining’s Zacks Rank & a Stock to Consider FSM currently carries a Zacks Rank #3 (Hold).A better-ranked stock from the basic materials space is Idaho Strategic Resources IDR. It carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Idaho Strategic Resources has an average trailing four-quarter earnings surprise of 77.5%. The Zacks Consensus Estimate for Idaho Strategic’s 2025 earnings is pegged at 78 cents per share, indicating year-over-year growth of 16.4%. IDR shares soared 66% in the last year. Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Endeavour Silver Corporation (EXK): Free Stock Analysis Report Fortuna Mining Corp. (FSM): Free Stock Analysis Report First Majestic Silver Corp. (AG): Free Stock Analysis Report Idaho Strategic Resources, Inc. (IDR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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