Fortuna Silver Mines Inc. reported an adjusted net income of $51.2 million for the third quarter of 2026. Earnings reached $0.17 per share. This marked a significant decrease from $0.25 per share in the second quarter of 2026. Lower production, lower realized gold prices, and increased costs drove this decrease. The $0.17 per share result was flat compared to the same period last year.
The company's all-in sustaining costs (AISC) reached $2,286 per gold equivalent ounce. This represents an increase from $2,157 in the prior quarter. Operational issues at its Séguéla mine, including a temporary stoppage, contributed to this increase. Higher share-based compensation also drove the rise. Quarterly gold equivalent output reached 69,665 ounces. Fortuna generated a strong free cash flow from operations of $90.8 million. The company reaffirmed its annual production guidance.