​Fortuna Mining Corp. (FSM) Has Gained More Than 59% Over The Past 6 Months

​Fortuna Mining Corp. (NYSE:FSM) is one of the Best Performing Affordable Stocks Under $40. Fortuna Mining Corp. (NYSE:FSM) has gained more than 59.27% over the past 6 months. Recently, on December 8, the company announced positive exploration drilling results from its Diamba Sud Gold Project in Senegal.

​Management noted that the Preliminary Economic Assessment shows strong economic potential with an estimated after-tax NPV5% of US$563 million and 72% IRR at a gold price of US$2,750/oz. The company further noted that infills suggest higher grade results and extension drilling. Management highlighted that the hole DSDD555 hit 6.8 g/t gold over 35.5m true width, which is exceptionally wide and high-grade. Moreover, hole DSDD574 returned 1.7 g/t over 29.6m and 2.0 g/t over 20.0m true widths. Management noted that these broad, consistent intervals suggest mineralization expansion, potentially growing the resource.

​Fortuna Mining Corp. (NYSE:FSM) aims for a feasibility study and construction decision by Q2 2026. Moreover, the results are expected to be updated in Q1 2026 resource estimates, thereby boosting project value ahead of feasibility.

​Fortuna Mining Corp. (NYSE:FSM) is a Canadian mining company that focuses on extracting precious metals, primarily gold and silver. The company operates several mines located in Latin America and West Africa, specifically in countries like Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru.

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Disclosure: None. This article is originally published at Insider Monkey.