12:07 PM EST, 03/06/2025 (MT Newswires) -- (Updates shares.)

Fortuna Mining ( FSM ) late on Wednesday reported that it swung to a fourth-quarter profit on higher revenue.

The company said it earned US$11.3 million, or US$0.04 per share, swinging from a loss of US$92.3 million, or US$0.30, in the year-prior quarter.

Adjusted profit, excluding most one-time items, rose to at US$37 million from US$20.6 million.

Revenue rose to US$302.2 million from US$265.3 million. Adjusted EBITDA also increased to US$137.9 million from US$120.3 million.

The company achieved record gold equivalent production of 455,958 ounces in 2024, meeting the low end of annual guidance.

Fortuna shares were last seen up $0.30 to $6.71 on the Toronto Stock Exchange

Price: 6.70, Change: +0.29, Percent Change: +4.52