Fortuna Mining Corp. (FSM)
Fortuna Mining Corp. (FSM) is a mineral exploration and mining company focused on the acquisition, development, and production of gold and other mineral resources. The company has been involved in exploring and developing mineral properties, aiming to capitalize on mineral deposits in various regions.
Company News
Aldebaran Resources plans to spin out its Argentine exploration projects into a new company called SpinCo, led by Sam Leung, while maintaining focus on the Altar copper-gold project. The spinout aims to unlock shareholder value and advance exploration projects in Salta, Jujuy, and Catamarca provinces.
Fortuna Mining is experiencing significant growth in gold production and reserves, particularly in its Senegal project, amid a global trend of central banks and investors turning to gold as a safe-haven asset.
Silver prices have surged past $39, reaching levels not seen since 2011, with analysts predicting a potential bull run driven by industrial and green technology demand. Mining companies are positioning themselves to capitalize on this trend, with several exploring and expanding their silver production capabilities.
Buenaventura Mining reported its Q2 2024 production results. Gold and silver production at some mines met expectations, while copper and silver output at the El Brocal mine fell short. Tambomayo's production exceeded the company's guidance.
Gold and copper mining stocks offer investors exposure to commodity prices, potential capital appreciation and dividends. Read more on Top 5 Mining Stocks.
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