Is Fortuna Mining Corp. (FSM) One of the Best Silver Stocks to Watch for in 2026?

Fortuna Mining Corp. (NYSE:FSM) is one of the best silver stocks to watch for in 2026. The stock has a 22% upside potential according to analysts. This isn’t the stock with the highest upside potential but represents a respectable return potential (see the stock with the highest upside here).

On February 18, Fortuna Mining Corp. (NYSE:FSM) affirmed that it continues to capitalize on higher commodity prices depicted by record cash flow from operations. The company achieved a record $132.3 million in cash flow from ongoing operations in the fourth quarter.

Revenue in the quarter increased to $270.2 million, a significant improvement from $195.2 million in Q4 2024. Full-year revenue was up 40% to $947.1 million compared to $677.2 million in 2024. Attributable earnings per share in Q4 2025 surged to $0.22 compared to $0.05 delivered in the same quarter in 2024. Meanwhile, full-year attributable EPS surged 226% to $0.88.

During the year, Fortuna Mining Corp. returned $16.2 million to shareholders through buybacks and plans to return an additional $5 million in 2026 . The company also produced 248,882 ounces of silver in the fourth quarter and 966,108 for the full year, a drop from 1,176,543 ounces in 2024. The company also expanded mineral reserves at Séguéla by 31%.

Fortuna Mining Corp. (NYSE:FSM) is a Canadian-based, mid-tier precious metals producer focused on mining gold and silver, along with lead and zinc by-products.

While we acknowledge the risk and potential of FSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FSM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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