10 Best Gold Royalty and Small-Cap Gold Stocks to Buy

4. Fortuna Mining Corp. (NYSE:FSM)

Number of Hedge Fund Investors: 18

Market Capitalization as of December 23: $1.35 Billion

Fortuna Mining Corp. (NYSE:FSM) is a prominent international gold mining company with a diverse portfolio of high-quality assets across multiple regions. The company operates mines in West Africa and Argentina, alongside exploration projects in Senegal.

Fortuna Mining Corp. (NYSE:FSM) is making significant investments in capital projects to enhance the long-term value of its operations. One major initiative is the leach pad expansion at the Lindero mine in Argentina, with a budget of $42 million. Scheduled for completion by early 2025, this project is expected to substantially increase the mine’s capacity and extend its operational life by an additional decade. The company is also accelerating underground development at the Yaramoko mine in Burkina Faso, allocating an extra $11 million to integrate new mineralized zones into the 2025 mine plan.

In addition, Fortuna Mining Corp. (NYSE:FSM) is pursuing high-value opportunities at the Seguela mine in Côte d’Ivoire, the Diamba Sud Project in Senegal, and the Lindero mine in Argentina. These exploration efforts are vital for expanding the company’s resource base and uncovering new mining prospects. By consistently exploring and developing new deposits, Fortuna Mining Corp. (NYSE:FSM) aims to grow its gold reserves and enhance its production capacity.