15 Best Precious Metal Stocks to Buy According to Wall Street Analysts

13. Fortuna Mining Corp. (NYSE:FSM)

On April 23, 2026, Fortuna Mining Corp. (NYSE:FSM) provided updated consolidated mineral reserve and mineral resource estimates for its operating mines and development projects in West Africa and Latin America. The company said mineral reserves increased 15% year over year after accounting for production-related depletion. At its Séguéla Mine project, updated estimates as of March 31, 2026, showed a 34% increase in underground mineral reserves and a 55% increase in inferred mineral resources at the Sunbird deposit following infill and exploration drilling completed in the second half of 2025.

On April 20, 2026, Fortuna announced an earn-in agreement with Qstone, a private company in Guyana, that could give it up to a 70% stake in the Quartzstone Project, a 29,600-hectare land package in north-central Guyana. The project includes multiple zones of high-grade near-surface gold mineralization identified through prior drilling. Fortuna’s initial $5.5M exploration program includes airborne magnetic surveys, geochemical sampling, geological mapping, and an initial 5,000-meter drilling campaign. The company can earn an initial 51% stake by completing at least 60,000 meters of drilling over four years, with an option to increase its interest to 70% by funding a feasibility study. Upon signing the agreement, Fortuna paid Qstone a non-refundable $5M option premium.

On April 9, 2026, Fortuna reported first-quarter production of 72,872 gold-equivalent ounces from its three operating mines in West Africa and Latin America, up from 70,386 ounces in the prior-year period and 65,130 ounces in Q4 2025. The company also reaffirmed its full-year 2026 production guidance of 281,000 to 305,000 gold-equivalent ounces.

Fortuna Mining Corp. (NYSE:FSM) operates mining assets in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.