10 Stocks Outrunning the Market; 3 on a High

2. Fortuna Mining Corp. (NYSE:FSM)

Fortuna Mining rallied for a third consecutive day on Friday, jumping 12.57 percent to close at $12.27 apiece as investor sentiment was boosted by a stellar earnings performance last year, coupled with a higher gold resource estimate for its Diamba Sud mine.

In a statement, Fortuna Mining Corp. (NYSE:FSM) said that net income soared by 119 percent to $311.6 million from $141.9 million in 2024, as revenues increased by 40 percent to $947 million from $677 million.

Gold production totaled 152,426 ounces, 11 percent higher year-on-year and exceeding the upper end of its annual guidance range, primarily due to the realization of throughput optimization projects through 2024.

In the fourth quarter alone, net income stood at $74 million, marking a 391 percent jump from the $15.08 million in the same period a year earlier.

Sales increased by 38 percent to $270 million from $195 million.

In other news, Fortuna Mining Corp. (NYSE:FSM) raised its gold resource estimate for its Diamba Sud Gold Project in Senegal, West Africa by 73 percent to 1.25 million ounces, reflecting rosy production prospects for the company.