Fortuna Mining (FSM) Operating Expenses (2010 - 2026)
Fortuna Mining (FSM) reported Operating Expenses of $18.1 million for Q1 2026, down 13.24% on a YoY basis from $20.9 million in Q1 2025, and up 25489.24% quarter-over-quarter from $70811.0 in Q4 2025.
Fortuna Mining (FSM) Operating Expenses (2010 - 2026) Analysis & Trends
Fortuna Mining has reported Operating Expenses for 17 years, with the latest figure at $18.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 13.24% year-over-year to $18.1 million; the trailing twelve-month figure through Mar 2026 stood at $167.5 million (down 11.83% YoY), and the FY2025 full-year result was $288.8 million, up 20.08% from the prior year.
- Operating Expenses for Q1 2026 stood at $18.1 million, up from $70811.0 in the prior quarter.
- The five-year high for Operating Expenses was $88.1 million in Q4 2023, with the low at $70811.0 in Q4 2025.
- Historically, Operating Expenses has averaged $55.3 million across 5 years, with a median of $59.9 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 99.92% — and 2025, when it plunged 99.6%.
- Fortuna Mining's Operating Expenses stood at $60.1 million in 2022, then soared by 46.65% to $88.1 million in 2023, then plunged by 80.04% to $17.6 million in 2024, then sank by 99.6% to $70811.0 in 2025, then soared by 25489.24% to $18.1 million in 2026.
- The last three Operating Expenses figures came in at $18.1 million (Q1 2026), $70811.0 (Q4 2025), and $79.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Seabridge Gold | 2,186.27 Bn | 2,186.17 Bn | - | -4.48 Mn |
| 2 | Barrick Mining | 1,048.41 Bn | 1,051.14 Bn | 3.12 Bn | 155.00 Mn |
| 3 | Wheaton Precious Metals | 429.35 Bn | 428.20 Bn | 699.37 Mn | 76.85 Mn |
| 4 | Alamos Gold | 144.86 Bn | 144.19 Bn | 442.20 Mn | 19.40 Mn |
| 5 | Gold Fields | 136.49 Bn | 134.71 Bn | - | - |
| 6 | Kinross Gold | 110.14 Bn | 107.96 Bn | 1.44 Bn | 83.10 Mn |
| 7 | Newmont | 106.92 Bn | 98.31 Bn | 7.29 Bn | 2.84 Bn |
| 8 | Equinox Gold | 51.34 Bn | 50.84 Bn | - | 300,000.00 |
| 9 | AngloGold Ashanti | 47.89 Bn | 44.92 Bn | 1.94 Bn | 999.00 Mn |
| 10 | Fortuna Mining | 2.62 Mn | -578.30 Mn | 211.84 Mn | 18.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.12 Mn |
| Dec 31, 2025 | 70,811.00 |
| Sep 30, 2025 | 79.34 Mn |
| Jun 30, 2025 | 69.92 Mn |
| Mar 31, 2025 | 20.89 Mn |
| Dec 31, 2024 | 17.58 Mn |
| Sep 30, 2024 | 73.56 Mn |
| Jun 30, 2024 | 77.89 Mn |
| Mar 31, 2024 | 67.03 Mn |
| Dec 31, 2023 | 88.07 Mn |
| Sep 30, 2023 | 78.57 Mn |
| Jun 30, 2023 | 55.05 Mn |
| Mar 31, 2023 | 59.22 Mn |
| Dec 31, 2022 | 60.06 Mn |
| Sep 30, 2022 | 59.90 Mn |
| Jun 30, 2022 | 58.24 Mn |
| Mar 31, 2022 | 55.93 Mn |
| Dec 31, 2021 | 60.47 Mn |
| Sep 30, 2021 | 49.14 Mn |
| Jun 30, 2021 | 30.87 Mn |