Fortuna Mining Corp. (NYSE:FSM) saw a 12.57% jump in its stock price on Friday, closing at $12.27 per share. The company reported a 119% increase in net income to $311.6 million and a 40% rise in revenues to $947 million for 2024. Gold production also exceeded expectations at 152,426 ounces.

The fourth quarter alone saw Fortuna Mining’s net income soar to $74 million, a 391% increase from the same period the previous year. Sales for the company increased by 38% to $270 million. Additionally, the company raised its gold resource estimate for the Diamba Sud Gold Project by 73% to 1.25 million ounces.

Fortuna Mining’s strong performance has attracted investor attention, but some believe that other AI stocks may offer better returns with less risk. For those interested, a report on the best short-term AI stock is available. This news comes as FSM continues to show promising production prospects and earnings growth.

Read more at Yahoo Finance: Fortuna Mining (FSM) Climbs 12.6% on Higher Gold Resource