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
DateValue
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