Fortuna Mining (FSM) Operating Expenses (2010 - 2026)
Fortuna Mining's (FSM) quarterly Operating Expenses came in at -$27.8 million in Q1 2026, down 28.02% YoY from -$38.6 million in Q1 2025, and down 107156.74% on a QoQ basis from $25961.0 in Q4 2025.
Fortuna Mining (FSM) Operating Expenses (2010 - 2026) Analysis & Trends
Fortuna Mining (FSM) has 17 years of Operating Expenses data on file, last reported at -$27.8 million in Q1 2026.
- Quarterly Operating Expenses fell 28.02% year-over-year to -$27.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.1 million (down 33.31% YoY) and the FY2025 annual result came in at $97.7 million, up 43.55% from the prior year.
- Operating Expenses fell to -$27.8 million in Q1 2026, from $25961.0 in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $26.3 million in Q3 2025 to a low of -$27.8 million in Q1 2026.
- A 5-year average of $11.5 million and a median of $15.3 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 1472.74% — and 2025, when it tumbled 229.44%.
- Tracing FSM's Operating Expenses over 5 years: stood at $16.9 million in 2022, then climbed by 17.68% to $19.9 million in 2023, then retreated by 11.94% to $17.5 million in 2024, then sank by 99.85% to $25961.0 in 2025, then slumped by 107156.74% to -$27.8 million in 2026.
- The last three Operating Expenses figures came in at -$27.8 million (Q1 2026), $25961.0 (Q4 2025), and $26.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Newmont | 136.03 Bn | 127.02 Bn | 4.03 Bn | 3.02 Bn |
| 2 | Agnico Eagle Mines | 106.09 Bn | 102.63 Bn | 2.43 Bn | 119.48 Mn |
| 3 | Barrick Mining | 77.15 Bn | 71.23 Bn | 2.90 Bn | 165.00 Mn |
| 4 | Wheaton Precious Metals | 68.18 Bn | 68.08 Bn | 687.86 Mn | 11.33 Mn |
| 5 | AngloGold Ashanti | 58.68 Bn | 55.85 Bn | 1.70 Bn | 1.06 Bn |
| 6 | Gold Fields | 40.68 Bn | 38.90 Bn | - | - |
| 7 | Pan American Silver | 21.86 Bn | 20.29 Bn | 457,000.00 | -18,000.00 |
| 8 | Coeur Mining | 21.72 Bn | 20.67 Bn | 535.85 Mn | 869.08 Mn |
| 9 | Royal Gold | 21.39 Bn | 21.20 Bn | 390.45 Mn | 173.18 Mn |
| 10 | Fortuna Mining | 3.61 Bn | 2.99 Bn | 183.46 Mn | -18.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -27.79 Mn |
| Dec 31, 2025 | 25,961.00 |
| Sep 30, 2025 | 26.30 Mn |
| Jun 30, 2025 | 21.58 Mn |
| Mar 31, 2025 | -21.71 Mn |
| Dec 31, 2024 | 17.53 Mn |
| Sep 30, 2024 | 13.69 Mn |
| Jun 30, 2024 | 20.64 Mn |
| Mar 31, 2024 | 16.77 Mn |
| Dec 31, 2023 | 19.91 Mn |
| Sep 30, 2023 | 14.63 Mn |
| Jun 30, 2023 | 15.13 Mn |
| Mar 31, 2023 | 14.99 Mn |
| Dec 31, 2022 | 16.92 Mn |
| Sep 30, 2022 | 13.04 Mn |
| Jun 30, 2022 | 15.30 Mn |
| Mar 31, 2022 | 17.70 Mn |
| Dec 31, 2021 | 16.86 Mn |
| Sep 30, 2021 | 829,000.00 |
| Jun 30, 2021 | 5.82 Mn |