Fortuna reports strong gold production, potential profit rise, shares repurchased.

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When gold production is strong, it suggests confidence in gold’s value and the stability of the monetary system. The company, Fortuna, reported strong gold production in the first quarter of 2024.

If the production numbers remain high and the price of gold continues to rise (approaching $2,500 per ounce), Fortuna could make over $150 million in extra profit each year. Additionally, the company repurchased over 1 million shares of its own stock, which could indicate that they believe their stock is undervalued and a good investment.

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