Customer One was Fortuna Mining’s largest revenue line in fiscal 2025, bringing in $525.78M of $947.06M (56%).
| Major customers [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Customer One | $193.54M | $154.17M | $330.42M | $525.78M | ||||||
| Customer Two | $212.09M | $228.85M | $231.91M | $294.20M | ||||||
| Customer Three | — | $207.51M | $114.92M | $127.08M | ||||||
| Customer Six | $70.58M | $78.52M | — | — | ||||||
| Customer Five | $76.85M | $71.19M | — | — | ||||||
| Customer Four | $102.33M | $102.21M | — | — | ||||||
| Customer Seven | $26.09M | — | — | — | ||||||
| Other Customers | — | — | — | — | ||||||
| Total | $681.49M | $842.43M | $677.24M | $947.06M |
Fortuna Mining brought in $947.06M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 39.8% from $677.24M in fiscal 2024. Customer One was the largest at $525.78M (55.5%), ahead of Customer Two at $294.20M (31.1%) and Customer Three at $127.08M (13.4%).
Compared with fiscal 2024, Customer One grew fastest, up 59.1% to $525.78M. Every revenue line above 2% of revenue grew.
Fortuna Mining stopped reporting Customer Four ($102.21M in fiscal 2023), Customer Six ($78.52M in fiscal 2023), Customer Five ($71.19M in fiscal 2023) and one other as separate revenue lines.
Gold Dor was Fortuna Mining’s largest revenue line in fiscal 2025, bringing in $525.78M of $652.86M (81%).
| Products and services [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gold Dor | — | $228.85M | $330.42M | $525.78M | ||||||
| Gold Dore | $212.09M | — | — | — | ||||||
| Silver-Gold Concentrates | — | $148.83M | — | — | ||||||
| Silver Gold Concentrates | $173.87M | — | — | — | ||||||
| Silver-Lead Concentrates | — | $60.81M | $64.34M | $81.32M | ||||||
| Silver Lead Concentrates | $50.30M | — | — | — | ||||||
| Zinc Concentrates | $53.15M | $42.99M | $49.49M | $42.25M | ||||||
| Provisional Pricing Adjustments | -$344.00K | $878.00K | $1.08M | $3.52M | ||||||
| Total | $489.07M | $482.35M | $445.33M | $652.86M |
Fortuna Mining brought in $652.86M from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $947.06M it reports by major customers [axis], so these revenue lines do not cover all of its revenue. Gold Dor was the largest at $525.78M (80.5%), ahead of Silver-Lead Concentrates at $81.32M (12.5%) and Zinc Concentrates at $42.25M (6.5%). The remaining revenue line, Provisional Pricing Adjustments, brought in $3.52M.
Compared with fiscal 2024, Gold Dor grew fastest, up 59.1% to $525.78M, while Zinc Concentrates fell the most, down 14.6% to $42.25M.
Fortuna Mining began breaking out Gold Dor in fiscal 2023, when it brought in $228.85M. Fortuna Mining stopped reporting Gold Dore ($212.09M in fiscal 2022), Silver Gold Concentrates ($173.87M in fiscal 2022), Silver-Gold Concentrates ($148.83M in fiscal 2023) and one other as separate revenue lines.
Cte D'Ivoire was Fortuna Mining’s largest region in fiscal 2025, bringing in $525.78M of $901.29M (58%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cte D'Ivoire | — | $154.17M | $330.42M | $525.78M | ||||||
| Argentina | $212.09M | $207.51M | $231.91M | $294.20M | ||||||
| Mexico | $173.87M | $148.83M | — | — | ||||||
| Burkina Faso | $193.54M | $228.85M | — | — | ||||||
| Peru | $53.15M | $60.81M | $64.34M | $81.32M | ||||||
| Total | $632.65M | $800.16M | $626.67M | $901.29M |
Fortuna Mining brought in $901.29M from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 43.8% from $626.67M in fiscal 2024. Cte D'Ivoire was the largest at $525.78M (58.3%), ahead of Argentina at $294.20M (32.6%) and Peru at $81.32M (9.0%).
Compared with fiscal 2024, Cte D'Ivoire grew fastest, up 59.1% to $525.78M. Every region above 2% of revenue grew.
Fortuna Mining began breaking out Cte D'Ivoire in fiscal 2023, when it brought in $154.17M. Fortuna Mining stopped reporting Burkina Faso ($228.85M in fiscal 2023) and Mexico ($148.83M in fiscal 2023) as separate regions.
Fortuna Mining (FSM) reports its revenue by major customers [axis], by products and services [axis] and by geography. In fiscal 2025, Customer One was its largest revenue line, bringing in $525.78M (55.5% of the total), followed by Customer Two at $294.20M (31.1%).
Customer One was Fortuna Mining's largest revenue line in fiscal 2025, bringing in $525.78M, or 55.5% of the $947.06M total across its three revenue lines.
Cte D'Ivoire was Fortuna Mining's largest region in fiscal 2025, bringing in $525.78M, or 58.3% of the $901.29M total across its three regions.
Among Fortuna Mining's revenue lines that make up at least 2% of revenue, Customer One grew fastest in fiscal 2025, up 59.1% from $330.42M to $525.78M.
Every figure comes from Fortuna Mining's annual financial filings, as reported. Each line keeps the name Fortuna Mining gives it, and years follow its fiscal calendar.
Fortuna Mining's revenue by major customers [axis] goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.