AAPL 224.685 0.6698% MSFT 384.02 0.4788% NVDA 111.255 1.0032% GOOGL 157.84 0.4902% GOOG 159.68 0.5035% AMZN 197.41 2.7268% META 591.11 0.872% AVGO 172.361 2.2793% LLY 810.84 0.6967% TSLA 279.91 4.2651% TSM 170.81 1.2868% V 346.97 0.179% JPM 246.49 1.1615% UNH 522.62 -0.0956% NVO 68.16 0.1911% WMT 89.86 1.1595% LVMUY 124.78 0.971% XOM 118.345 -0.5838% LVMHF 624.62 0.4212% MA 546.87 -0.299%
AAPL 224.685 0.6698% MSFT 384.02 0.4788% NVDA 111.255 1.0032% GOOGL 157.84 0.4902% GOOG 159.68 0.5035% AMZN 197.41 2.7268% META 591.11 0.872% AVGO 172.361 2.2793% LLY 810.84 0.6967% TSLA 279.91 4.2651% TSM 170.81 1.2868% V 346.97 0.179% JPM 246.49 1.1615% UNH 522.62 -0.0956% NVO 68.16 0.1911% WMT 89.86 1.1595% LVMUY 124.78 0.971% XOM 118.345 -0.5838% LVMHF 624.62 0.4212% MA 546.87 -0.299%

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Fortuna Mining (NYSE: FSM) shares jump nearly 60% in one year. Here’s why

Highlights

Fortuna Mining Corp. (NYSE: FSM) is a Canadian precious metals company. It operates mines in Latin America and West Africa, producing gold, silver, lead, and zinc. It has a market cap of CAD 2.04bn.

In Q2 FY24, Fortuna Mining’s sales surged to USD 260 million, reflecting a 64.1% increase compared to the previous corresponding period. The surge was driven by higher production quantities and an uptick in sales prices per ounce sold. This sales growth translated into an attributable net income of USD 40.6 million, marking an increase of 1209.7%, largely attributed to the increased revenue. However, this growth was somewhat offset by higher costs of revenue and total operating expenses.

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