Fortuna Mining Corp. (NYSE:FSM) has been listed among the 15 best performing silver stocks to buy.
On January 16, 2026, BMO Capital maintained its Outperform rating on the company and increased its price target from C$15 to C$17. Analyst Kevin O’Halloran issued the update.
The company stated on January 15, 2026, that it expects to produce between 281,000 and 305,000 ounces of gold equivalent in 2026. This growth is expected to be driven by higher output at the Seguela Mine. Lower production at the Caylloma mine, due to the effects of gold-to-base-metal conversion, will partially offset this increase.
The estimated all-in sustaining cost per ounce is projected to be between $1,830 and $1,975. The company attributed the higher cost forecast compared to 2025 to several factors. These include higher royalties of approximately $30 per ounce, assuming a gold price of $3,750, metal price impacts at Caylloma of about $60 per ounce, and a higher cost base at the Seguela operation.
Increased gold production at Seguela and reduced cash costs at the Lindero mine helped to partially counterbalance these cost pressures.
Fortuna Mining Corp. is a Canadian precious metals mining company. It operates gold and silver mines in West Africa and Latin America.