Fortuna Mining Corp.

TSX:FVI Stock Report

Market Cap: CA$2.0b

Fortuna Mining Management

Management criteria checks 3/4

Fortuna Mining's CEO is Jorge Ganoza Durant, appointed in Jan 2006, has a tenure of 18.92 years. total yearly compensation is $4.67M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 0.69% of the company’s shares, worth CA$13.44M. The average tenure of the management team and the board of directors is 4.3 years and 8.2 years respectively.

Key information

Jorge Ganoza Durant

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage15.3%
CEO tenure18.9yrs
CEO ownership0.7%
Management average tenure4.3yrs
Board average tenure8.2yrs

Recent management updates

Recent updates

Little Excitement Around Fortuna Mining Corp.'s (TSE:FVI) Revenues

Dec 03
Little Excitement Around Fortuna Mining Corp.'s (TSE:FVI) Revenues

Shareholders Can Be Confident That Fortuna Mining's (TSE:FVI) Earnings Are High Quality

Nov 14
Shareholders Can Be Confident That Fortuna Mining's (TSE:FVI) Earnings Are High Quality

Fortuna Mining (TSE:FVI) Seems To Use Debt Quite Sensibly

Oct 14
Fortuna Mining (TSE:FVI) Seems To Use Debt Quite Sensibly

Revenues Working Against Fortuna Mining Corp.'s (TSE:FVI) Share Price

Sep 01
Revenues Working Against Fortuna Mining Corp.'s (TSE:FVI) Share Price

Calculating The Intrinsic Value Of Fortuna Mining Corp. (TSE:FVI)

Jun 30
Calculating The Intrinsic Value Of Fortuna Mining Corp. (TSE:FVI)

Fortuna Silver Mines Inc.'s (TSE:FVI) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

May 25
Fortuna Silver Mines Inc.'s (TSE:FVI) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

Fortuna Silver Mines (TSE:FVI) Seems To Use Debt Quite Sensibly

May 08
Fortuna Silver Mines (TSE:FVI) Seems To Use Debt Quite Sensibly

Fortuna Silver Mines Inc. (TSE:FVI) Held Back By Insufficient Growth Even After Shares Climb 28%

Mar 26
Fortuna Silver Mines Inc. (TSE:FVI) Held Back By Insufficient Growth Even After Shares Climb 28%

There's No Escaping Fortuna Silver Mines Inc.'s (TSE:FVI) Muted Revenues

Feb 09
There's No Escaping Fortuna Silver Mines Inc.'s (TSE:FVI) Muted Revenues

A Look At The Fair Value Of Fortuna Silver Mines Inc. (TSE:FVI)

Dec 11
A Look At The Fair Value Of Fortuna Silver Mines Inc. (TSE:FVI)

Is Fortuna Silver Mines (TSE:FVI) Using Too Much Debt?

Nov 14
Is Fortuna Silver Mines (TSE:FVI) Using Too Much Debt?

Here's Why Fortuna Silver Mines (TSE:FVI) Can Afford Some Debt

Aug 13
Here's Why Fortuna Silver Mines (TSE:FVI) Can Afford Some Debt

Would Fortuna Silver Mines (TSE:FVI) Be Better Off With Less Debt?

May 11
Would Fortuna Silver Mines (TSE:FVI) Be Better Off With Less Debt?

Fortuna Silver Mines Inc. (TSE:FVI) Shares Could Be 20% Below Their Intrinsic Value Estimate

Feb 25
Fortuna Silver Mines Inc. (TSE:FVI) Shares Could Be 20% Below Their Intrinsic Value Estimate

Does Fortuna Silver Mines (TSE:FVI) Have A Healthy Balance Sheet?

Jan 24
Does Fortuna Silver Mines (TSE:FVI) Have A Healthy Balance Sheet?

Fortuna Silver Mines (TSE:FVI) Has A Somewhat Strained Balance Sheet

Oct 24
Fortuna Silver Mines (TSE:FVI) Has A Somewhat Strained Balance Sheet

An Intrinsic Calculation For Fortuna Silver Mines Inc. (TSE:FVI) Suggests It's 48% Undervalued

Sep 26
An Intrinsic Calculation For Fortuna Silver Mines Inc. (TSE:FVI) Suggests It's 48% Undervalued

These 4 Measures Indicate That Fortuna Silver Mines (TSE:FVI) Is Using Debt Reasonably Well

Jul 26
These 4 Measures Indicate That Fortuna Silver Mines (TSE:FVI) Is Using Debt Reasonably Well

A Look At The Fair Value Of Fortuna Silver Mines Inc. (TSE:FVI)

Jun 13
A Look At The Fair Value Of Fortuna Silver Mines Inc. (TSE:FVI)

CEO Compensation Analysis

How has Jorge Ganoza Durant's remuneration changed compared to Fortuna Mining's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$25m

Jun 30 2024n/an/a

US$2m

Mar 31 2024n/an/a

-US$35m

Dec 31 2023US$5mUS$712k

-US$51m

Sep 30 2023n/an/a

-US$111m

Jun 30 2023n/an/a

-US$143m

Mar 31 2023n/an/a

-US$143m

Dec 31 2022US$3mUS$685k

-US$128m

Sep 30 2022n/an/a

US$40m

Jun 30 2022n/an/a

US$44m

Mar 31 2022n/an/a

US$58m

Dec 31 2021US$5mUS$637k

US$58m

Sep 30 2021n/an/a

US$61m

Jun 30 2021n/an/a

US$74m

Mar 31 2021n/an/a

US$52m

Dec 31 2020US$3mUS$618k

US$22m

Sep 30 2020n/an/a

US$22m

Jun 30 2020n/an/a

US$1m

Mar 31 2020n/an/a

US$17m

Dec 31 2019US$3mUS$618k

US$24m

Sep 30 2019n/an/a

US$7m

Jun 30 2019n/an/a

US$22m

Mar 31 2019n/an/a

US$22m

Dec 31 2018US$6mUS$600k

US$34m

Sep 30 2018n/an/a

US$66m

Jun 30 2018n/an/a

US$69m

Mar 31 2018n/an/a

US$67m

Dec 31 2017US$2mUS$600k

US$66m

Compensation vs Market: Jorge's total compensation ($USD4.67M) is above average for companies of similar size in the Canadian market ($USD2.11M).

Compensation vs Earnings: Jorge's compensation has been consistent with company performance over the past year.

CEO

Jorge Ganoza Durant (54 yo)

18.9yrs

Tenure

US$4,668,993

Compensation

Mr. Jorge A. Ganoza Durant, B.Sc. Eng, co-founded Fortuna Mining Corp. (formerly known as Fortuna Silver Mines Inc.) (formerly Fortuna Ventures Inc.) in 2004. He served as Independent Director at Ferreycor...

Leadership Team

NamePositionTenureCompensationOwnership
Jorge Ganoza Durant
Co-Founder18.9yrsUS$4.67m0.69%
CA$ 13.4m
Mario Szotlender
Co-Founder & Directorno dataUS$231.99k0.055%
CA$ 1.1m
Luis Ganoza Durant
Chief Financial Officer18.5yrsUS$2.23m0.24%
CA$ 4.7m
Eric Chapman
Senior Vice President of Technical Services7.9yrsUS$1.32m0.040%
CA$ 781.2k
Cesar Velasco
Chief Operating Officer of Latin America4.3yrsUS$1.38m0.016%
CA$ 311.6k
David Whittle
Chief Operating Officer of West Africa2.2yrsUS$1.82mno data
Kevin O'Reilly
Vice President of Finance and Accounting1.9yrsno data0.0021%
CA$ 41.9k
Carlos Baca
Vice President of Investor Relationsno datano datano data
Linda Desaulniers
Corporate Counsel & Chief Compliance Officer6.3yrsno datano data
Armando Nakamura
Vice President of People1.3yrsno datano data
Luiz Camargo
Country Head of Mexico4.3yrsno datano data
Paul Weedon
Senior Vice President of Exploration3.2yrsUS$1.27m0.029%
CA$ 570.8k

4.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: FVI's management team is considered experienced (4.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jorge Ganoza Durant
Co-Founder20yrsUS$4.67m0.69%
CA$ 13.4m
Mario Szotlender
Co-Founder & Director16.5yrsUS$231.99k0.055%
CA$ 1.1m
David Farrell
Independent Director11.4yrsUS$203.56kno data
David Laing
Independent Chairman8.3yrsUS$279.96k0.035%
CA$ 682.3k
Kate Harcourt
Independent Director3.4yrsUS$165.31kno data
Kylie Dickson
Independent Director7.3yrsUS$189.31k0.0011%
CA$ 21.9k
Salma Seetaroo
Independent Director2.5yrsUS$165.54kno data
Alfredo Sillau Valdez
Independent Director8.1yrsUS$177.56k0.012%
CA$ 228.1k

8.2yrs

Average Tenure

56yo

Average Age

Experienced Board: FVI's board of directors are considered experienced (8.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 03:47
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fortuna Mining Corp. is covered by 20 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Heiko IhleAlliance Global Partners
Colin HamiltonBMO Capital Markets Equity Research
Brian QuastBMO Capital Markets Equity Research