Fortuna Silver Mines Inc
Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Côte d'Ivoire, Mexico, Peru, and Senegal. The company operates through Mansfield, Sango, and Bateas segments. It operates the Lindero gold mine and the Séguéla gold mine, as well as the Caylloma silver, lead, and zinc mine. The company was formerly known as Fortuna Silver Mines Inc. and changed… Read more
Fortuna Silver Mines Inc (FSM) - Net Assets
Latest net assets as of December 2025: $1.73 Billion USD
Based on the latest financial reports, Fortuna Silver Mines Inc (FSM) has net assets worth $1.73 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.41 Billion) and total liabilities ($682.72 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.73 Billion |
| % of Total Assets | 71.73% |
| Annual Growth Rate | N/A |
| 5-Year Change | 21.17% |
| 10-Year Change | 309.35% |
| Growth Volatility | 812.83 |
Fortuna Silver Mines Inc - Net Assets Trend (2000–2025)
This chart illustrates how Fortuna Silver Mines Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fortuna Silver Mines Inc (2000–2025)
The table below shows the annual net assets of Fortuna Silver Mines Inc from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.73 Billion | +18.15% |
| 2024-12-31 | $1.47 Billion | +13.81% |
| 2023-12-31 | $1.29 Billion | -0.04% |
| 2022-12-31 | $1.29 Billion | -9.85% |
| 2021-12-31 | $1.43 Billion | +96.97% |
| 2020-12-31 | $725.77 Million | +14.22% |
| 2019-12-31 | $635.43 Million | +5.41% |
| 2018-12-31 | $602.80 Million | +6.96% |
| 2017-12-31 | $563.58 Million | +33.19% |
| 2016-12-31 | $423.15 Million | +60.18% |
| 2015-12-31 | $264.17 Million | -3.13% |
| 2014-12-31 | $272.71 Million | +10.12% |
| 2013-12-31 | $247.66 Million | -6.36% |
| 2012-12-31 | $264.49 Million | +15.85% |
| 2011-12-31 | $228.31 Million | +10.83% |
| 2010-12-31 | $206.01 Million | +83.03% |
| 2009-12-31 | $112.56 Million | +14.34% |
| 2008-12-31 | $98.44 Million | -9.45% |
| 2007-12-31 | $108.71 Million | +731.26% |
| 2005-12-31 | $13.08 Million | +3716.07% |
| 2004-12-31 | $342.71K | +177.07% |
| 2003-12-31 | $-444.67K | -41.85% |
| 2002-12-31 | $-313.47K | -10.50% |
| 2001-12-31 | $-283.68K | -13.73% |
| 2000-12-31 | $-249.44K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortuna Silver Mines Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 48917820923.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $487.24 Million | 29.11% |
| Common Stock | $1.12 Billion | 67.10% |
| Other Comprehensive Income | $63.58 Million | 3.80% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $1.67 Billion | 100.00% |
Fortuna Silver Mines Inc Competitors by Market Cap
The table below lists competitors of Fortuna Silver Mines Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INDEPENDENCE RLTY TR.
F:5O2
|
$3.11 Billion |
|
Castech Inc
SHE:002222
|
$3.12 Billion |
|
Marathon Digital Holdings Inc
NASDAQ:MARA
|
$3.12 Billion |
|
Getinge AB (publ)
F:GTN0
|
$3.12 Billion |
|
Sohgo Security Services Co.,Ltd.
PINK:SOHGY
|
$3.11 Billion |
|
Toppan Printing Ltd
PINK:TOPPY
|
$3.11 Billion |
|
Rotork plc
PINK:RTOXF
|
$3.11 Billion |
|
ICU Medical Inc
NASDAQ:ICUI
|
$3.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortuna Silver Mines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,403,865,000 to 1,673,982,049, a change of 270,117,049 (19.2%).
- Net income of 302,134,023 contributed positively to equity growth.
- Share repurchases of 10,446,729 reduced equity.
- Other comprehensive income increased equity by 42,856,086.
- Other factors decreased equity by 64,426,331.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $302.13 Million | +18.05% |
| Share Repurchases | $10.45 Million | -0.62% |
| Other Comprehensive Income | $42.86 Million | +2.56% |
| Other Changes | $-64.43 Million | -3.85% |
| Total Change | $- | 19.24% |
Book Value vs Market Value Analysis
This analysis compares Fortuna Silver Mines Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $-0.15 | $10.30 | x |
| 2001-12-31 | $-0.18 | $10.30 | x |
| 2002-12-31 | $-0.19 | $10.30 | x |
| 2003-12-31 | $-0.24 | $10.30 | x |
| 2004-12-31 | $0.16 | $10.30 | x |
| 2005-12-31 | $1.82 | $10.30 | x |
| 2007-12-31 | $1.43 | $10.30 | x |
| 2008-12-31 | $1.06 | $10.30 | x |
| 2009-12-31 | $1.23 | $10.30 | x |
| 2010-12-31 | $1.86 | $10.30 | x |
| 2011-12-31 | $1.83 | $10.30 | x |
| 2012-12-31 | $2.11 | $10.30 | x |
| 2013-12-31 | $1.96 | $10.30 | x |
| 2014-12-31 | $2.13 | $10.30 | x |
| 2015-12-31 | $2.05 | $10.30 | x |
| 2016-12-31 | $3.07 | $10.30 | x |
| 2017-12-31 | $3.56 | $10.30 | x |
| 2018-12-31 | $3.73 | $10.30 | x |
| 2019-12-31 | $3.86 | $10.30 | x |
| 2020-12-31 | $3.90 | $10.30 | x |
| 2021-12-31 | $5.51 | $10.30 | x |
| 2022-12-31 | $4.27 | $10.30 | x |
| 2023-12-31 | $4.20 | $10.30 | x |
| 2024-12-31 | $4.52 | $10.30 | x |
| 2025-12-31 | $5.00 | $10.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortuna Silver Mines Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.47%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.44x
- Recent ROE (18.05%) is above the historical average (1.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.00% | 0.00% | 0.00x | 0.00x | $-21.58K |
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-17.67K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-236.61 |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-32.28K |
| 2004 | -28.18% | 0.00% | 0.00x | 1.16x | $-130.86K |
| 2005 | -3.98% | 0.00% | 0.00x | 1.59x | $-1.83 Million |
| 2007 | -2.76% | -8.81% | 0.25x | 1.23x | $-13.02 Million |
| 2008 | -0.89% | -3.66% | 0.19x | 1.30x | $-9.73 Million |
| 2009 | 0.55% | 1.21% | 0.37x | 1.24x | $-10.63 Million |
| 2010 | 6.29% | 17.49% | 0.30x | 1.18x | $-7.65 Million |
| 2011 | 8.56% | 17.74% | 0.41x | 1.19x | $-3.30 Million |
| 2012 | 11.90% | 19.54% | 0.51x | 1.20x | $5.01 Million |
| 2013 | -7.71% | -13.90% | 0.45x | 1.22x | $-43.87 Million |
| 2014 | 5.72% | 8.97% | 0.50x | 1.28x | $-11.67 Million |
| 2015 | -4.02% | -6.86% | 0.41x | 1.44x | $-37.02 Million |
| 2016 | 4.22% | 8.49% | 0.37x | 1.33x | $-24.46 Million |
| 2017 | 11.76% | 24.73% | 0.38x | 1.25x | $9.95 Million |
| 2018 | 5.64% | 12.91% | 0.33x | 1.30x | $-26.29 Million |
| 2019 | 3.74% | 9.25% | 0.27x | 1.47x | $-39.75 Million |
| 2020 | 2.97% | 7.73% | 0.26x | 1.45x | $-51.02 Million |
| 2021 | 4.21% | 9.65% | 0.30x | 1.47x | $-79.64 Million |
| 2022 | -10.29% | -18.80% | 0.36x | 1.51x | $-252.61 Million |
| 2023 | -4.11% | -6.03% | 0.43x | 1.59x | $-174.67 Million |
| 2024 | 9.17% | 12.12% | 0.50x | 1.51x | $-11.65 Million |
| 2025 | 18.05% | 31.47% | 0.40x | 1.44x | $134.74 Million |
Industry Comparison
This section compares Fortuna Silver Mines Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortuna Silver Mines Inc (FSM) | $1.73 Billion | 0.00% | 0.39x | $3.11 Billion |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |