Fortuna Mining's Diamba Sud Project Achieves $563 Million NPV
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 1 hour ago0mins
- Strong Project Economics: The Diamba Sud project boasts an after-tax NPV of $563 million and an IRR of 72% at a gold price of $2,750 per ounce, indicating robust economic potential that is likely to attract increased investor interest.
- Significant Drilling Results: Recent drilling results reveal that drill hole DSDD555 returned 6.8 g/t gold over an estimated true width of 35.5 meters, enhancing resource confidence and laying the groundwork for subsequent resource assessments.
- Ongoing Mineralization Expansion: Drill hole DSDD574, located southwest of the current optimized pit shell, intersected 1.7 g/t gold over an estimated true width of 29.6 meters, indicating that mineralization continues to expand, potentially providing further opportunities for resource growth.
- Resource Estimate Update: An updated resource estimate is expected in Q1 2026, which will provide critical data to support the project's feasibility study and construction decision, further advancing project progress.
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Analyst Views on FSM
Wall Street analysts forecast FSM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSM is 8.95 USD with a low forecast of 6.40 USD and a high forecast of 10.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
1 Hold
1 Sell
Hold
Current: 9.300
Low
6.40
Averages
8.95
High
10.50
Current: 9.300
Low
6.40
Averages
8.95
High
10.50
Scotiabank
Eric Winmill
Sector Perform -> Outperform
upgrade
$11
2025-11-24
Reason
Scotiabank
Eric Winmill
Price Target
$11
2025-11-24
upgrade
Sector Perform -> Outperform
Reason
Scotiabank analyst Eric Winmill upgraded Fortuna Mining to Outperform from Sector Perform with a price target of $11, up from $10.50, following a site visit to the company's flagship Seguela Mine in Cote d'Ivoire. The visit showcased the growth plan for the asset and exploration potential together with a discussion on Fortuna's next growth project, Diamba Sud in Senegal, says the analyst, who sees "a catalyst-rich outlook in the coming quarters."
National Bank
Sector Perform -> Outperform
upgrade
$15
2025-11-24
Reason
National Bank
Price Target
$15
2025-11-24
upgrade
Sector Perform -> Outperform
Reason
National Bank upgraded Fortuna Mining to Outperform from Sector Perform with a C$15 price target.
National Bank
Mohamed Sidibe
Sector Perform
maintain
2025-11-13
Reason
National Bank
Mohamed Sidibe
Price Target
2025-11-13
maintain
Sector Perform
Reason
National Bank analyst Mohamed Sidibe raised the firm's price target on Fortuna Mining to C$14.25 from C$13.75 and keeps a Sector Perform rating on the shares.
Scotiabank
Sector Perform
upgrade
2025-10-23
Reason
Scotiabank
Price Target
2025-10-23
upgrade
Sector Perform
Reason
Scotiabank raised the firm's price target on Fortuna Mining to $10.50 from $8.50 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on Gold & Precious Minerals stocks under its coverage, the analyst tells investors. Precious metals prices continue to rally due to global trade and geopolitical uncertainty, the firm adds. Additionally, the firm notes capital returns and corporate M&A momentum is poised to continue.
See All Ratings
About FSM
Fortuna Mining Corp. is a Canadian precious metals mining company. The Company's mines include Seguela Mine, Lindero Mine and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 kilometers (kms) from Abidjan, via highways to the regional city of Seguela. The Seguela Mine in Cote d’Ivoire consists of the Antenna, Koula, Agouti, Boulder, Ancien, and Sunbird deposits, which may be mined via open-pit methods. Within a total land package of 62,000 hectares, there are more than 30 highly prospective targets. The Lindero Mine is an open pit mine, which is located in Salta, Argentina and includes gold porphyry deposits. The Caylloma Mine is located in the Caylloma District of Arequipa, Peru, which produces silver, gold, zinc, and lead. The site is 4,500 meters above sea level and includes the mine, a processing plant, and related infrastructure. The Company's Diamba Sud project is located in Senegal.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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