BMO Capital Retains its Outperform Rating on Fortuna Mining Corp. (FSM)

Fortuna Mining Corp. (NYSE:FSM) is among the 15 Best Performing Silver Stocks to Buy.

On January 16, 2026, TheFly reported that BMO Capital retained its Outperform rating and lifted its price objective for Fortuna Mining Corp. (NYSE:FSM) from C$15 to C$17. The update was released on January 16, 2026, by analyst Kevin O’Halloran.

On January 15, 2026, Fortuna Mining Corp. (NYSE:FSM) stated that it would produce between 281,000 and 305,000 ounces of gold equivalent in 2026. Growth is anticipated to be boosted by higher output at the Seguela Mine, which will be somewhat offset by lower production at Caylloma as a result of the consequences of gold-to-base-metal conversion. The estimated price per ounce of consolidated AISC is between $1,830 and $1,975. Higher royalties of around $30 per ounce, assuming $3,750 gold, metal price impacts at Caylloma of about $60 per ounce, and a higher cost base at Seguela account for the growth over 2025. Higher gold production at Seguela and decreased cash costs at Lindero partially mitigated these challenges.

Fortuna Mining Corp. (NYSE:FSM) is a Canadian precious metals mining corporation with gold and silver-producing mines in West Africa and Latin America.

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