Fortuna Mining (FSM) Reports 15% Increase in Mineral Reserves

Fortuna Mining Corp. (NYSE:FSM) is 1 of the

15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 23, 2026, Fortuna Mining Corp. (NYSE:FSM) provided updated consolidated mineral reserve and mineral assets estimates for its operating mines and improvement projects successful West Africa and Latin America. The institution said mineral reserves accrued 15% twelvemonth implicit twelvemonth aft accounting for production-related depletion. At its Séguéla Mine project, updated estimates arsenic of March 31, 2026, showed a 34% summation successful underground mineral reserves and a 55% summation successful inferred mineral resources astatine the Sunbird deposit pursuing infill and exploration drilling completed successful the 2nd fractional of 2025.

On April 20, 2026, Fortuna announced an earn-in statement with Qstone, a backstage institution successful Guyana, that could springiness it up to a 70% involvement successful the Quartzstone Project, a 29,600-hectare onshore bundle successful north-central Guyana. The task includes aggregate zones of high-grade near-surface golden mineralization identified done anterior drilling. Fortuna’s archetypal $5.5M exploration programme includes airborne magnetic surveys, geochemical sampling, geological mapping, and an archetypal 5,000-meter drilling campaign. The institution tin gain an archetypal 51% involvement by completing astatine slightest 60,000 meters of drilling implicit 4 years, with an enactment to summation its involvement to 70% by backing a feasibility study. Upon signing the agreement, Fortuna paid Qstone a non-refundable $5M enactment premium.

Pixabay/Public Domain

On April 9, 2026, Fortuna reported first-quarter accumulation of 72,872 gold-equivalent ounces from its 3 operating mines successful West Africa and Latin America, up from 70,386 ounces successful the prior-year play and 65,130 ounces successful Q4 2025. The institution besides reaffirmed its full-year 2026 accumulation guidance of 281,000 to 305,000 gold-equivalent ounces.

Fortuna Mining Corp. (NYSE:FSM) operates mining assets successful Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

While we admit the imaginable of FSM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey connected Google News.