olivLaw · US equity research
Fortuna Mining Corp. FSM
Gold and Silver Ores · SIC 1040 · Vertical: Gold and Silver Ores (SIC 1040)
Fortuna Mining Corp. is a gold and silver ore mining company listed on the New York Stock Exchange, whose annual report for 2025 was filed with the SEC on Form 40-F. For investors following the sector, the filing confirms effective internal control and a share count of 305,959,986 at December 31, 2025.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Fortuna Mining Corp. (FSM) stock was 9.59 USD (+8.48% on the day), with market capitalisation 2.9 bn USD, P/E 10.7 on diluted EPS of 0.90 USD over the last 12 months, beta 1.18, 52-week range 7.88–13.66 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 44.1
- weak (30–45)
- Bollinger (20, 2)
- 8.58 – 11.28
- in the lower half of the band · %B 0.37 · band width 27.3%
- SMA 50 / 200
- 11.04 / 10.29
- mixed trend
- MACD (12, 26, 9)
- -0.52 / -0.48
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −13.9% | −1.1% | −12.8 pp | — |
| 3 months | −0.1% | −0.5% | +0.3 pp | — |
| 6 months | −2.5% | +4.4% | −6.9 pp | — |
| Year to date | −2.2% | +12.3% | −14.6 pp | — |
| 1 year | +22.3% | +13.5% | +8.8 pp | −3.3% |
| 3 years | +217.5% | +76.4% | +141.1 pp | +155.4% |
| 5 years | +88.4% | +63.7% | +24.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 13 percentile of its own 8-quarter history (min 10.5, median 17.1, max 68.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 263.3 m | 257.2 m | 279.0 m | 599.9 m | 681.5 m | 842.4 m | 677.2 m | 947.1 m |
| Revenue YoY | −1.8% | −2.3% | +8.5% | +115.0% | +13.6% | +23.6% | −19.6% | +39.8% |
| Net income | 34.0 m | 23.8 m | 21.6 m | 57.9 m | -128.1 m | -50.8 m | 128.7 m | 287.5 m |
| Net income YoY | −48.7% | −30.0% | −9.4% | +168.5% | −321.4% | unavailable | unavailable | +123.3% |
| Diluted EPS | 0.21 | 0.14 | 0.12 | 0.23 | -0.44 | -0.17 | 0.41 | 0.90 |
| Diluted EPS YoY | −50.0% | −33.3% | −14.3% | +91.7% | −291.3% | unavailable | unavailable | +119.5% |
| net % | 12.9% | 9.3% | 7.7% | 9.6% | -18.8% | -6.0% | 19.0% | 30.4% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 554.0 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 1.7 bn USD
- Total assets
- 2.4 bn USD
- Debt / equity
- unavailable
- Current ratio
- 2.98x
- ROE
- 18.0%
- ROA
- 12.8%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 279.0 m | 599.9 m | 681.5 m | 842.4 m | 677.2 m | 947.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Cost of revenue | 168.7 m | 394.4 m | 534.7 m | 652.4 m | 443.9 m | 480.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Gross profit | 110.2 m | 205.5 m | 146.8 m | 190.0 m | 233.4 m | 466.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Operating income | 57.2 m | 136.9 m | -113.6 m | -407.0 k | 156.1 m | 408.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Depreciation & amortisation | 42.2 m | 121.1 m | 171.4 m | 216.3 m | 226.8 m | — | SEC (XBRL)· 27 Mar 2025verified |
| EBITDA | 99.4 m ≈ | 258.0 m ≈ | 57.9 m ≈ | 215.8 m ≈ | 382.9 m ≈ | — | SEC (XBRL)· 26 Mar 2026derived |
| Pre-tax income | 59.0 m | 107.2 m | -125.1 m | -11.1 m | 141.7 m | 400.2 m | SEC (XBRL)· 26 Mar 2026verified |
| Income tax | 37.4 m | 47.8 m | 10.8 m | 32.6 m | 51.4 m | 111.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Net income | 21.6 m | 57.9 m | -128.1 m | -50.8 m | 128.7 m | 287.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Diluted EPS | 0.12 | 0.23 | -0.44 | -0.17 | 0.41 | 0.90 | SEC (XBRL)· 26 Mar 2026verified |
| Weighted average diluted shares | 186.1 m | 249.4 m | 291.3 m | 295.1 m | 310.7 m | 334.9 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 131.9 m | 107.1 m | 80.5 m | 128.1 m | 231.3 m | 554.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Receivables | 76.6 m | 76.5 m | 68.2 m | 69.5 m | 100.0 m | 74.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Inventories | 35.3 m | 85.8 m | 92.0 m | 115.8 m | 134.5 m | 122.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Current assets | 248.1 m | 281.1 m | 252.7 m | 333.3 m | 486.2 m | 764.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Property, plant & equipment, net | 791.1 m | 1.7 bn | 1.6 bn | — | — | — | SEC (XBRL)· 30 Mar 2023verified |
| Total assets | 1.1 bn | 2.0 bn | 1.9 bn | 2.0 bn | 2.1 bn | 2.4 bn | SEC (XBRL)· 26 Mar 2026verified |
| Accounts payable | 65.3 m | 133.8 m | 111.9 m | 148.1 m | 151.6 m | 153.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Short-term debt | — | — | — | 43.9 m | — | — | SEC (XBRL)· 28 Mar 2024verified |
| Current liabilities | 96.4 m | 166.8 m | 135.1 m | 243.8 m | 256.0 m | 256.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Total liabilities | 329.6 m | 592.4 m | 587.5 m | 679.7 m | 649.5 m | 625.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Equity | 725.8 m | 1.4 bn | 1.3 bn | 1.3 bn | 1.5 bn | 1.7 bn | SEC (XBRL)· 26 Mar 2026verified |
| Shares outstanding at year end | — | 291.5 m | 290.2 m | 306.6 m | 306.6 m | 306.0 m | SEC (XBRL)· 26 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 93.4 m | 147.1 m | 194.2 m | 296.9 m | 365.7 m | — | SEC (XBRL)· 27 Mar 2025verified |
| Investing cash flow | -113.6 m | -118.5 m | -255.3 m | -216.9 m | -194.4 m | — | SEC (XBRL)· 27 Mar 2025verified |
| Financing cash flow | 68.9 m | -51.4 m | 38.5 m | -32.7 m | -66.1 m | — | SEC (XBRL)· 27 Mar 2025verified |
| Share repurchases | — | — | 5.9 m | — | 34.1 m | 10.3 m | SEC (XBRL)· 26 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 35.4% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.9 bn USD
Key indicators
Coverage and freshness
Score by group
35% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 12.45 – 28.70 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E12.45 – 28.70 (Mid 16.95)18 companies used · median multiple 18.8x · quartiles 13.8x – 31.9xAEM, AGI, ARIS, AU, B, CDE, EGO, EQX, FNV, GFI, IDR, MUX, NAMM, NEM, SVM, TII, VOXR, WPM
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 30.4% | 67 (vs peers) | 18% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 11.6% | 97 (on a fixed band) | 24% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 3.0x | 100 (on a fixed band) | 12% |
| P/E (TTM) · Valuation | 10.7x | 95 (vs peers) | 29% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 0.3% | 5 (on a fixed band) | 18% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/3 factors with a value
- Growth· partial97/100 · 1/2 factors with a value
- Quality· partial67/100 · 1/3 factors with a value
- Returns· partial5/100 · 1/2 factors with a value
- Valuation· partial95/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
FORTUNA MINING CORP. (FSM). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 947.1 m USD in 2025; YoY growth 39.8%; net margin 30.4%; ROE 18.7%.
The estimated value range is 12.45–28.70 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 16.95 USD, the price of 9.59 USD leaves a potential of 76.8% (value / price − 1) and a margin of safety of 43.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 11.6%
- Current ratio: 3.0x
- P/E (TTM): 10.7x
- The price is below the estimated value range
What contradicts it
- Shareholder yield (distributions): 0.3%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Gold and Silver Ores (SIC 1040) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NEMNewmont Corporation | 122.7 bn | 13.7 | 26.8% | 34.7% | +21.3% | +30% / +194% |
| AEMAgnico Eagle Mines Limited | 91.7 bn | 20.7 | 19.6% | 37.5% | +43.7% | +5% / +242% |
| BBarrick Mining Corp | 67.2 bn | 13.7 | 19.6% | 29.4% | +31.2% | −3% / +128% |
| WPMWheaton Precious Metals Corp. | 59.7 bn | 40.6 | 18.5% | 63.6% | +80.2% | +19% / +169% |
| FNVFRANCO NEVADA Corp | 46.7 bn | 42.0 | 16.3% | 61.0% | +63.7% | +15% / +116% |
| AUAngloGold Ashanti plc | 44.4 bn | 17.0 | 43.1% | 32.1% | +70.8% | +3% / +357% |
| GFIGold Fields Limited | 32.9 bn | 26.6 | 25.7% | 23.9% | +15.6% | −14% / +140% |
| CDECoeur Mining, Inc. | 14.9 bn | 16.0 | 10.3% | 19.2% | +96.4% | −16% / +378% |
| AGIAlamos Gold Inc. | 12.6 bn | 14.3 | 22.1% | 49.0% | +34.3% | −20% / +103% |
| HMYHarmony Gold Mining Company Limited | 10.4 bn | — | — | — | +25.8% | −17% / +163% |
| EQXEquinox Gold Corp. | 8.9 bn | 32.2 | 4.8% | 12.2% | +99.1% | −19% / +106% |
| EGOEldorado Gold Corp | 6.7 bn | 13.6 | 12.4% | 27.9% | +37.5% | +7% / +155% |
| CGAUCenterra Gold Inc. | 4.3 bn | — | -4.7% | -7.4% | +28.8% | +61% / +249% |
| ARISAris Mining Corp | 3.2 bn | 38.3 | 7.0% | 8.4% | +81.7% | +12% / +396% |
| FSMFortuna Mining Corp. | 2.9 bn | 10.7 | 18.7% | 30.4% | +39.8% | +22% / +218% |
| NGNovagold Resources Inc. | 2.7 bn | — | -32.8% | — | unavailable | −40% / +45% |
| AAUCAllied Gold Corporation | 2.5 bn | — | -13.8% | -3.9% | +82.3% | −3% / unavailable |
| EXKEndeavour Silver Corp. | 2.1 bn | — | -22.4% | -25.5% | +114.8% | −21% / +259% |
| SVMSilvercorp Metals Inc. | 1.9 bn | 30.9 | 9.6% | 19.5% | +38.9% | +10% / +198% |
| HYMCHycroft Mining Holding Corporation | 1.6 bn | — | -72.3% | — | −100.0% | +49% / +716% |
| IAUXi-80 GOLD CORP. | 1.2 bn | — | -81.9% | -202.7% | +89.1% | +18% / −15% |
| NEWPNew Pacific Metals Corp. | 952.3 m | — | -2.8% | — | −19.1% | +101% / +181% |
| MUXMcEWEN INC. | 916.1 m | 12.8 | 13.5% | 32.5% | +13.2% | −20% / +94% |
| GROYGold Royalty Corp. | 648.9 m | — | -0.7% | -26.5% | +54.5% | −34% / +86% |
| OGGOsisko Development Corp. | 602.0 m | — | -27.0% | -476.4% | +678.0% | −33% / −17% |
1- and 3-year price returns: for FSM from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 6.34 Total return -34% · Per year -34% | 11.17 Total return 16% · Per year 16% | 16.78 Total return 75% · Per year 75% |
| 3 years | 7.06 Total return -26% · Per year -10% | 13.91 Total return 45% · Per year 13% | 22.81 Total return 138% · Per year 33% |
| 5 years | 7.87 Total return -18% · Per year -4% | 17.33 Total return 81% · Per year 13% | 31.01 Total return 223% · Per year 26% |
- Exit P/E± 3.48
- Net margin± 2.43
- Annual revenue growth± 1.87
- Annual dilution± 0.20
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 26 Mar 2026; since then the company filed 6-K (02 Nov 2026), 6-K (22 Oct 2026), 6-K (20 Oct 2026), 6-K (13 Oct 2026), 6-K (07 Oct 2026).
In brief
Fortuna Mining Corp. is a gold and silver ore mining company listed on the New York Stock Exchange, whose annual report for 2025 was filed with the SEC on Form 40-F. For investors following the sector, the filing confirms effective internal control and a share count of 305,959,986 at December 31, 2025.
SWOT
Strengths
- Internal control over financial reporting was assessed as effective, with an independent audit by KPMG LLP 1.
- The audit committee is made up of independent members, and one of its members holds the financial expert designation 1.
- Financial statements are prepared under IFRS, which facilitates international comparison 1.
Weaknesses
- The source contains no operational data on mines, production or costs, which limits the assessment of performance.
- Foreign private issuer status allows application of Canadian practices, which may reduce comparability with US issuers 1.
- Detailed financial information sits in separate exhibits that are not included in the material analysed.
Opportunities
- If production and reserves are confirmed in the report exhibits, the company could give a clear picture of its potential.
- If the NYSE listing attracts more investors, share liquidity could increase.
- If governance is communicated more clearly, confidence among US investors could be strengthened.
Threats
- If precious metal prices fall, the company's revenues could be affected, although the source does not quantify this risk.
- Changes to SEC or NYSE rules could impose additional compliance costs.
- Risks linked to operating outside the US are not detailed in the document and remain to be assessed from other sources.
Risks
- Missing operational datamedium
The document provided contains no information on production, reserves or costs, which makes operational risk hard to assess.
- Governance under Canadian practicesmedium
Foreign private issuer status allows Canadian practices to be followed, which may raise questions about transparency relative to NYSE standards 1.
- Dependence on metal priceshigh
The source does not mention gold or silver prices, but the sector is sensitive to these prices, which could affect results.
- SEC compliancelow
Any omission in SEC filings could attract sanctions, although the company states it met the filing requirements over the past 12 months 1.
- Limited available informationmedium
The annexes with the financial statements and management's analysis were not included in the source, which limits verification of the statements.
Investment thesis
What would need to be true (bull case)
- If the full financial statements confirm a solid position, effective internal control and independent audit could support investor confidence.
- The NYSE listing and IFRS reporting could ease access to capital and comparison with other issuers.
- If the precious metals sector stays supportive, the company could benefit from a favourable market backdrop.
What would break the thesis
- The lack of operational data in the source could make it hard to validate any growth thesis.
- Dependence on metal prices could quickly affect revenues if the market corrects.
- Foreign private issuer status could limit comparability with US companies for some investors.
What to watch
- Consolidated financial statements and revenues for fiscal 20252026
- Management's discussion on production and costsnext 40-F
- Any change in internal control over financial reportingnext 40-F
- Developments in governance and differences from NYSE standards2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 26 Mar 2026; since then the company filed 6-K (02 Nov 2026), 6-K (22 Oct 2026), 6-K (20 Oct 2026), 6-K (13 Oct 2026), 6-K (07 Oct 2026).
The business
From the available source, the company presents itself as Fortuna Mining Corp., formerly Fortuna Silver Mines Inc., and files with the SEC as a foreign private issuer under Form 40-F. The document, however, only provides data on registration, governance and internal control, with no operational details on mines, production or ore types. The governance structure includes an audit committee of three independent members, and the internal control audit was carried out by KPMG LLP of Vancouver 1. Operational information is, according to the source, included in exhibits 99.1 and 99.3, which are not part of the text provided.
Segments
Segment reporting
The text provided does not present the company's operating or geographic segments. Segment details could be found in the audited financial statements and the Management's Discussion and Analysis, listed in the exhibit index 1, which were not included in the source analysed.
Market context
The company's shares are listed on the New York Stock Exchange, which places it as a foreign private issuer that may follow home country governance practices, in this case Canada 1. The source contains no data on the size of the gold or silver market or the company's market share, so no quantitative conclusions can be drawn from this document.
On the capital side, the document only confirms the number of shares outstanding at the close of fiscal 2025, with no other figures on financing or market transactions 1. Assessing the company's competitive position would require data from other sources, not contained in this material.
Trends
- International reporting frameworkmixed
Financial statements are prepared under IFRS as issued by the IASB, which facilitates comparison with other issuers applying the same standard 1.
- Effective internal controltailwind
Management concluded that internal control over financial reporting was effective at December 31, 2025, with no material changes in the year 1. This could support confidence in the financial statements if the assessment holds in later periods.
- Foreign private issuer statusheadwind
Foreign private issuer status allows following Canadian governance practices instead of NYSE rules, which could reduce transparency for ordinary investors if the differences are not monitored closely 1.
- SEC filing requirementsmixed
The company met SEC filing requirements over the past 12 months and submitted XBRL data, which supports transparency of reporting but does not by itself produce growth figures 1.
Competitive position
The source analysed does not identify the company's competitors and contains no comparisons with other gold or silver producers. A competitive analysis would require the annual reports of other companies or the information in exhibit 99.3, which is not included here 1.
As a NYSE-listed issuer, the company operates in the same reporting arena as other sector issuers, but the document does not allow its relative position to be established by production, costs or reserves. Comparative conclusions should be checked against independent sources.
- Other gold and silver producers listed on the NYSE
The source does not name competitors; this category remains unspecified in the material analysed.
- Canadian mining companies with dual listing
The document mentions only the Canadian governance framework, without naming competing companies.
- Foreign private issuers in the mining sector
The company falls into this category under its status, but the source gives no concrete names.
- Gold-silver ore producers in Latin America
The source contains no list of regional competitors; this cannot be confirmed from the document provided.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Crescimento da fortuna de André EstevesBloomberg Markets · 06 Oct 2026 · EN
- Snoop: Milionarul din spatele fundației care promovează mesaje conspiraționiste în București. Constantin Moroianu, proprietarul Cafea Fortuna, are o afacere de 356 de milioane de leiEconomedia · 26 Aug 2026 · RO
The latest news item in our archive is from 06 Oct 2026; the newest SEC filing is from 02 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)22 Oct 2026
- Current report (foreign issuer)20 Oct 2026
- Current report (foreign issuer)13 Oct 2026
- Current report (foreign issuer)07 Oct 2026
- Current report (foreign issuer)24 Sept 2026
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)06 Aug 2026
- Current report (foreign issuer)30 Jul 2026
Sources
- [1] Form 40-F, fiscal year ended 2025-12-31 · SEC / Fortuna Mining Corp. · 26 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.