Fortuna Mining Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Fortuna Mining Corp reported revenue of $947.1M (-10.8% year on year) and net income of $311.1M (+119.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Sales | $947.1M | $1.1B | $842.4M | $681.5M |
| Cost of sales | $480.2M | $718.4M | $652.4M | $534.7M |
| Mine operating income | $466.9M | $343.6M | $190.0M | $146.8M |
| General and administration | $97.7M | $76.1M | $64.1M | $61.5M |
| Foreign exchange loss | $7.8M | $12.4M | $10.9M | $8.9M |
| Reversal of impairment of mineral properties, plant and equipment | ($52.7M) | — | — | — |
| Write-off of mineral properties | $5.0M | $14.5M | $6.0M | $5.9M |
| Other expenses | $690.0K | $12.6M | $18.9M | $85.0K |
| Operating expenses (income), total | $58.5M | $115.6M | $190.4M | $260.3M |
| Operating income | $408.4M | $228.0M | ($407.0K) | ($113.6M) |
| Investment gains | $3.4M | $9.7M | $12.4M | — |
| Interest and finance costs, net | ($12.3M) | ($25.6M) | ($21.8M) | ($12.1M) |
| Gain on derivatives | $698.0K | — | ($1.2M) | $500.0K |
| Financial income (expense), total | ($8.2M) | ($15.8M) | ($10.6M) | ($11.6M) |
| Income before income taxes | $400.2M | $212.2M | ($11.1M) | ($125.1M) |
| Current income tax expense | $125.1M | $96.5M | $42.6M | $35.8M |
| Deferred income tax recovery | ($13.7M) | ($26.2M) | ($10.1M) | ($25.0M) |
| Total tax expense | $111.4M | $70.3M | $32.6M | $10.8M |
| Net income from continuing operations | $288.8M | — | — | — |
| Net income from discontinued operations, net of tax | $22.3M | — | — | — |
| Net income | $311.1M | $141.9M | ($43.6M) | ($135.9M) |
| Fortuna shareholders | $269.7M | — | — | — |
| Non-controlling interests | $19.1M | — | — | — |
| Fortuna shareholders | $287.5M | $128.7M | ($50.8M) | ($128.1M) |
| Non-controlling interests | $23.6M | $13.2M | $7.2M | ($7.8M) |
| Basic (in dollars per share) | $0.88 | — | — | — |
| Diluted (in dollars per share) | $0.85 | — | — | — |
| Basic (in dollars per share) | $0.94 | $0.42 | -$0.17 | -$0.44 |
| Diluted (in dollars per share) | $0.90 | $0.41 | -$0.17 | -$0.44 |
| Basic (in shares) | 306.9M | 308.9M | 295.1M | 291.3M |
| Diluted (in shares) | 334.9M | 310.7M | 295.1M | 291.3M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and Cash Equivalents | $554.0M | $231.3M | $128.1M | $80.5M |
| Trade and other receivables | $74.4M | $100.0M | $69.5M | $68.2M |
| Inventories | $122.7M | $134.5M | $115.8M | $92.0M |
| Other current assets | $13.5M | $20.4M | $19.8M | $12.0M |
| Total current assets | $764.5M | $486.2M | $333.3M | $252.7M |
| Mineral properties and property, plant and equipment | $1.5B | $1.5B | $1.6B | $1.6B |
| Other non-current assets | $77.4M | $90.1M | $59.4M | $51.9M |
| Total assets | $2.4B | $2.1B | $2.0B | $1.9B |
| Trade and other payables | $153.4M | $151.6M | $148.1M | $111.9M |
| Income taxes payable | $81.8M | $80.1M | $31.8M | $11.6M |
| Current portion of lease obligations | $21.2M | $19.8M | $14.9M | $9.4M |
| Total current liabilities | $256.4M | $256.0M | $243.8M | $135.1M |
| Debt | $134.4M | $126.0M | $162.9M | $219.2M |
| Deferred tax liabilities | $120.3M | $144.3M | $159.9M | $167.6M |
| Closure and reclamation provisions | $50.3M | $70.8M | $60.7M | $51.1M |
| Lease obligations | $55.7M | $48.2M | $42.5M | $11.9M |
| Other non-current liabilities | $8.3M | $4.1M | $10.0M | $2.6M |
| Total liabilities | $625.3M | $649.5M | $679.7M | $587.5M |
| Share capital | $1.1B | $1.1B | $1.1B | $1.1B |
| Reserves | $63.7M | $57.8M | $25.3M | $29.9M |
| Retained earnings | $488.1M | $216.4M | $87.6M | $138.5M |
| Equity attributable to Fortuna shareholders | $1.7B | $1.4B | $1.2B | $1.2B |
| Equity attributable to non-controlling interests | $58.3M | $62.2M | $49.8M | $43.9M |
| Total equity | $1.7B | $1.5B | $1.3B | $1.3B |
| Total liabilities and shareholders' equity | $2.4B | $2.1B | $2.0B | $1.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income from continuing operations | $288.8M | — | — | — |
| Depletion and depreciation | $191.0M | $230.0M | $219.7M | $172.8M |
| Accretion expense | $7.8M | $9.1M | $6.8M | $4.8M |
| Income taxes | $111.4M | $70.3M | $32.6M | $10.8M |
| Interest expense, net | $4.7M | $16.5M | $15.0M | $7.2M |
| Share-based payments, net of cash settlements | $23.8M | $8.1M | $2.0M | ($1.0K) |
| Reversal of impairment of mineral properties, plant and equipment | ($52.7M) | — | $90.6M | $182.8M |
| Inventory net realizable value adjustments | ($16.7M) | $6.1M | $6.2M | $8.9M |
| Write-off of mineral properties | $5.0M | $14.5M | $6.0M | $5.9M |
| Unrealized foreign exchange gains | ($5.9M) | $388.0K | $5.7M | $4.6M |
| Investment gains | ($3.4M) | ($9.7M) | ($12.4M) | — |
| Other | ($1.6M) | $9.5M | $5.1M | — |
| Changes in working capital | ($15.0K) | ($72.5M) | ($9.7M) | ($18.0M) |
| Cash provided by operating activities | $552.3M | $419.5M | $332.7M | $242.1M |
| Income taxes paid | ($101.3M) | ($43.6M) | ($25.9M) | ($42.2M) |
| Interest paid | ($9.5M) | ($14.8M) | ($13.5M) | ($7.5M) |
| Interest received | $13.9M | $4.5M | $3.7M | $1.9M |
| Net cash provided by operating activities - continuing operations | $455.4M | — | — | — |
| Net cash provided by operating activities - discontinued operations | $12.0M | — | — | — |
| Investments in equity securities | ($6.1M) | — | — | — |
| Additions to mineral properties and property, plant and equipment | ($178.0M) | ($203.8M) | ($217.3M) | ($251.2M) |
| Purchases of investments | ($18.8M) | ($35.9M) | ($9.4M) | — |
| Proceeds from sale of marketable securities and investment maturities | $22.8M | $45.6M | $21.8M | — |
| Receipts (deposits) on long-term assets | $3.5M | ($1.8M) | — | — |
| Other investing activities | $14.8M | $1.4M | $1.4M | — |
| Cash used in investing activities - continuing operations | ($161.8M) | — | — | — |
| Cash provided by (used in) investing activities - discontinued operations | $71.7M | — | — | — |
| Cost of financing - Convertible Notes | ($107.0K) | ($8.5M) | — | ($688.0K) |
| Repurchase of common shares | -10.3M | -34.1M | — | -5.9M |
| Payments of lease obligations | ($24.4M) | ($20.7M) | ($16.6M) | ($12.2M) |
| Dividend payment to non-controlling interests | ($13.0M) | ($717.0K) | ($1.4M) | ($2.7M) |
| Cash used in financing activities - continuing operations | ($47.7M) | — | — | — |
| Cash used in financing activities - discontinued operations | ($12.9M) | — | — | — |
| Effect of exchange rate changes on cash and cash equivalents | $6.0M | ($1.9M) | $346.0K | ($4.0M) |
| Increase in cash and cash equivalents during the year - continuing operations | $251.9M | $103.2M | $47.7M | ($26.6M) |
| Increase in cash and cash equivalents during the year - discontinued operations | $70.8M | — | — | — |
| Cash and cash equivalents, beginning of the year | $231.3M | $128.1M | $80.5M | $107.1M |
| Cash and cash equivalents, end of the year | $554.0M | $231.3M | $128.1M | $80.5M |
Fortuna Mining Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.