5 Best Gold Stocks to Buy for the Long Term

4. Fortuna Mining Corp. (NYSE:FSM)

On April 19, 2026, Fortuna Mining Corp. (NYSE:FSM) entered into an earn-in agreement with Qstone, a private Guyanese company, under which it can earn up to a 70% interest in the 29,600-hectare Quartzstone Project in north central Guyana. The project lies within a greenstone belt and has seen 183 diamond drill holes totaling 23,190 meters between 2010 and 2017, with drilling across a five-kilometer corridor identifying multiple zones of high-grade near-surface gold mineralization. Located about 120 kilometers west of Georgetown and 35 kilometers northwest of G Mining’s Oko West project, the asset hosts an orogenic gold system along the contact between a granitoid complex and Lower Proterozoic greenstone rocks.

Fortuna’s initial $5.5M exploration program will focus on advancing existing targets and identifying new ones along a 26-kilometer shear zone, including airborne magnetic surveys, satellite imaging, geochemical sampling, auger drilling, mapping, and an initial 5,000-meter diamond drilling campaign.

Under the agreement, Fortuna can earn an initial 51% interest by completing at least 60,000 meters of drilling within four years while covering license fees and expenditures, after which a joint venture with Qstone will be formed. The company can increase its stake to 70% by funding a feasibility study within three years of exercising the first option and continuing to cover license costs. Upon signing, Fortuna paid Qstone a non-refundable $5M option premium.

Earlier in April, Fortuna Mining reported Q1 2026 production of 72,872 gold equivalent ounces from its operations in West Africa and Latin America, compared to 70,386 ounces in Q1 2025 and 65,130 ounces in Q4 2025, and maintained its FY26 production guidance of 281,000 to 305,000 gold equivalent ounces.

Fortuna Mining Corp. (NYSE:FSM) engages in precious and base metal mining across Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.