FSM Earnings Prediction
The chart below shows how FSM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FSM sees a +2.59% change in stock price 10 days leading up to the earnings, and a +7.96% change 10 days following the report. On the earnings day itself, the stock moves by -0.16%. This data can give you a slight idea of what to expect for the next quarter's release.
FSM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
274.92M
13.11%
5.75%
Gross Margin
31.62%
16.68%
2.83%
Operating Margin
23.62%
12.10%
18.34%
Net Margin
19.79%
55.70%
18.72%
EPS
0.16
77.78%
23.08%
No Data Available
FSM Earnings Analysis
FORTUNA Silver Mines Inc. Corporation (FSM.N) Earnings Conference Call
Positive
Record Sales Achievement: 1. Record Sales: Fortuna Mining achieved record sales of $275 million in Q3 2024, positioning the company to generate over $1 billion in sales for the year.
EBITDA Margin Improvement: 2. Strong EBITDA Margin: The company reported an EBITDA of $131 million, representing a robust 48% margin over sales, an increase from 43% in the previous quarter.
Free Cash Flow Increase: 3. Free Cash Flow Growth: Fortuna generated free cash flow of $56 million from ongoing operations, up from $38 million in the second quarter.
Exploration Budget Increase: 4. Increased Exploration Budget: The global exploration budget for 2024 was increased from $37 million to $44 million to expand drilling programs at key projects, including Seguela.
Cash and Liquidity Strength: 5. Strong Cash Position: The company closed the quarter with a cash position of $181 million and total liquidity of $431 million, reflecting a solid financial foundation.
Negative
Rising Cash Costs: 1. Increased Cash Costs: The cash cost per gold equivalent ounce was $1,069, which is higher than the last two quarters and $2.44 higher compared to Q3 2023, primarily due to increased costs at Seguela and Yaramoko.
VAT Receivables Increase: 2. Rising VAT Receivables: VAT receivables at Yaramoko increased by $2.6 million in Q3 and $12 million year-to-date, indicating ongoing challenges in the collection of VAT in Burkina Faso.
San Jose Mine Closure Costs: 3. Closure Costs for San Jose Mine: The company anticipates that closure costs for the San Jose mine, currently provisioned at $15 million to $20 million, will likely increase due to an updated feasibility level closure plan being developed.
Working Capital Decline: 4. Negative Change in Working Capital: The company reported a net cash provided by operating activities of $92.9 million, which included $26.4 million of negative changes in working capital, primarily due to timing issues with accounts receivable.
Closure Activities Provision Increase: 5. Increased Provision for Closure Activities: The provision for closure activities at the San Jose mine is expected to increase as the company updates its closure plan, indicating potential future financial strain.
FSM FAQs
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FSM Earning Call Sentiment
Fortuna Mining Corp. (FSM) Q3 2024 Earnings Call Transcript
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FSM.N
-8.49%Positive
The earnings call reveals strong financial performance with record earnings and EPS, exceeding analyst expectations. Despite some concerns about VAT recovery and Argentina's currency situation, the company's liquidity is robust, and guidance remains on track. Expansion projects and cost optimizations are progressing well, and the market strategy appears stable. The positive sentiment is further supported by the successful convertible notes placement and shareholder return plans, likely resulting in a positive stock price movement over the next two weeks.
