Welcome to our dedicated page for Fortuna Mining news (Ticker: FSM), a resource for investors and traders seeking the latest updates and insights on Fortuna Mining stock.
Fortuna Mining Corp. reports operating and financial developments for a Canadian precious metals miner that produces gold and silver from three operating mines and a portfolio of exploration projects.
Recurring updates include quarterly production in gold-equivalent ounces, cash costs and all-in sustaining costs, cash flow, liquidity, safety performance and capital actions through normal course issuer bid activity. Company news also covers Mineral Reserve and Mineral Resource estimates, drilling at deposits such as Sunbird at Séguéla, exploration projects including Diamba Sud in Senegal, project agreements in the Guyana Shield, annual reporting and MD&A releases.
Fortuna Mining (NYSE: FSM) announced the acquisition of the 190 km² Bambadji advanced gold exploration project in Senegal from subsidiaries of Barrick and IAMGOLD for US$200 million in cash. The project lies adjacent to Fortuna’s feasibility-stage Diamba Sud Gold Project, consolidating roughly 60 km of strike along the Senegal-Mali Shear Zone.
The transaction includes an extensive historical dataset with about 214,000 meters of drilling and multiple drill-defined prospects. Fortuna granted the sellers a 0.5% net smelter return royalty on the first 1.75 million ounces of gold from Bambadji Nord. For 2026, Fortuna approved an initial US$8 million exploration program totaling 51,000 meters of drilling, expected to start in Q3 and focus on eight priority targets within 20 km of the proposed Diamba Sud plant site.
Fortuna (NYSE: FSM) reported Q2 2026 sales of $318.4 million, up 38% from Q2 2025, gold‑equivalent production from continuing operations of 72,217 ounces, and adjusted EBITDA of $200.8 million with a 63% margin. Adjusted attributable net income from continuing operations was $75.5 million or $0.25 per share, up from $42.6 million a year earlier but down from $111.0 million in Q1 2026 as realized gold prices, effective tax rate and unit costs moved unfavorably quarter over quarter.
Free cash flow from ongoing operations reached $85.7 million, liquidity stood at $756.7 million, and cash plus short‑term investments totaled $606.7 million. Fortuna advanced its growth pipeline with a positive feasibility study for the Diamba Sud gold project and a construction decision on a 30% Séguéla plant expansion, while returning $82.1 million in Q2 (and $106.6 million year‑to‑date) via repurchases of 10.8 million shares.
Fortuna Mining (NYSE: FSM) approved a 30% expansion of the Séguéla Gold Mine in Côte d’Ivoire, increasing processing capacity from 1.75 Mtpa to approximately 2.3 Mtpa. The project includes processing plant upgrades, supporting infrastructure enhancements, and development of the Sunbird underground mine.
According to Fortuna, the expansion is expected to lift average gold recovery to about 94.5% and support average annual production of more than 200,000 ounces over the next decade. Estimated construction capital is $109 million, funded from operating cash flow and supported by approximately $800 million in liquidity at the end of Q1 2026. The company targets construction start in H2 2026, underground mining at Sunbird in Q2 2027, and ramp-up to expanded throughput in H2 2028.
Fortuna Mining (NYSE:FSM) will release its second quarter 2026 financial statements and MD&A on Wednesday, August 5, 2026, after market close. A conference call to discuss financial and operational results will be held on Thursday, August 6, 2026, at 12:00 p.m. Eastern time.
Fortuna Mining (NYSE: FSM) has filed a National Instrument 43-101 compliant technical report titled “Diamba Sud Gold Project, Kédougou Region, Senegal,” with an effective date of June 30, 2026. The report supports the Feasibility Study results announced on June 29, 2026, and is available on Fortuna’s website, SEDAR+, and EDGAR under the company’s profile.
Fortuna Mining (NYSE:FSM) reported Q2 2026 production of 72,217 gold equivalent ounces (GEO) from its Séguéla, Lindero, and Caylloma mines, with H1 2026 output of 145,089 GEO, supporting 2026 guidance of 281,000–305,000 GEO.
Fortuna advanced the Séguéla plant expansion, Sunbird Underground, and Diamba Sud, and repurchased $80.2 million of shares, but reported a contractor fatality at Séguéla.
Fortuna Mining (NYSE:FSM) reported feasibility study results for the Diamba Sud Gold Project in Senegal, outlining an open-pit CIL mine.
At $3,500/oz gold, the project delivers after-tax NPV5% of about $1.0 billion, 60% IRR, 1-year payback, 9.4-year life, and first gold targeted by Q2 2028.
Fortuna Mining (NYSE:FSM | TSX:FVI) released voting results from its 2026 annual general meeting held June 25, 2026. Shareholders representing 202,415,038 shares, or 66.81% of issued and outstanding shares, were present.
All items passed, including auditor appointment, election of eight directors, and approval of unallocated entitlements under the Share Unit Plan. Director support ranged from 92.83% to 99.86% of votes cast.
Fortuna (NYSE:FSM) received an environmental decree from Senegal’s Ministry of Environment and Ecological Transition approving the Environmental and Social Impact Assessment for the Diamba Sud Gold Mine.
This confirms regulatory compliance and social acceptance and is a key step toward securing the mining permit and a final construction decision expected in mid‑2026.
Fortuna Mining (NYSE:FSM) released its eighth annual 2025 Sustainability Report, detailing progress in governance, safety, environment, and community impact across operations in Latin America and West Africa.
Highlights include ISO certifications at all operating mines, one fatal incident, expanded renewable energy use, strong community investment, and clear 2026 ESG priorities.