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.

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