Fortuna Mining’s Record Profits Fuel High Value Growth Opportunities as Large Gold Miners Struggle..

The President and CEO of Fortuna Mining, Jorge Ganoza, discusses the latest record quarterly earnings results.

Covered in this interview with Peter Spina of GoldSeek TV, we discuss:

• Capturing the rising gold and silver prices is a result of keeping costs under control.
• Record sales with record cash flow which resulted in record earnings of $50.5 million or 16 cents per share. This beat the analysts’ estimates.
• Cost discipline allows Fortuna to capture the rising gold and silver prices.
• Fortuna believes they are discounted to our peers.
• Fortuna has come out of a capital-intensive few years and the first priority has been to strengthen the balance sheet, to create a fortress balance sheet. Our very low debt and net cash positive position allows Fortuna to deal with emerging opportunities or deal with mining risks. Fortuna has the opportunity today to provide returns to shareholders and is active in share buybacks.
• The second priority after a fortress balance sheet is investing in the portfolio. There is a lot of organic growth in the portfolio which resulted in the a record amount of exploration work done in 2024. Fortuna is focused on high value opportunities which can impact our production plans in the short term.
• Jorge Ganoza discusses the opportunities within the company’s portfolio which spans several countries and continents.
• How will the gold mining consolidate when the gold industry faces big challenges among the large senior producers which struggle to replace their multi-million ounce a year production levels, world-class deposits? Are the growth opportunities among the juniors and mid-tiers?

What else does 2024 and 2025 hold for Fortuna Mining? Watch this interview to learn more!

To learn more about Fortuna, please visit their website: https://fortunamining.com/

Please note, employees at GoldSeek are long-term shareholders in Fortuna Mining and the company has been a supportive sponsor of both GoldSeek.com and SilverSeek.com