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) 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.
Fortuna (NYSE: FSM) reported Q1 2026 results on May 7, 2026, with record free cash flow of $174.0 million and adjusted attributable net income of $111.0 million. Consolidated sales were $342.5 million, consolidated GEO production was 72,872 ounces, and liquidity rose to $815.9 million.
Q1 highlights include cash from operations before working capital of $213.3 million, cash position of $665.9 million, consolidated AISC of $2,107/GEO, and a 15% year‑over‑year increase in mineral reserves.
Fortuna (NYSE: FSM) reported a 15% year‑over‑year increase in consolidated Proven and Probable Mineral Reserves to 3.0 million gold equivalent ounces (GEOs) after production depletion. Séguéla’s Sunbird deposit underground reserves rose 34% to 539,000 oz, and its Sunbird inferred resources rose 55% to 417,000 oz as of March 31, 2026. Measured and Indicated resources (ex‑reserves) increased 56% to 2.1 million GEOs. Diamba Sud feasibility remains on track to report first reserves to support a construction decision by quarter end. All figures use disclosed metal price assumptions.
Fortuna (NYSE: FSM) will release its Q1 2026 financial statements and MD&A on May 6, 2026 after market close. A conference call to discuss results is scheduled for May 7, 2026 at 12:00 p.m. ET with CEO Jorge A. Ganoza and the CFO and COOs.
Investors can join via webcast or phone (access code 788835). Replay of the call is available until May 21, 2026; webcast playback is available until May 7, 2027. A transcript will be archived on the company website.
Fortuna Mining (NYSE: FSM) entered an earn-in to acquire up to 70% of the Quartzstone Project, a 29,600-hectare land package in the Guyana Shield, on April 20, 2026. Fortuna paid a non-refundable US$5.0 million option premium and plans an initial US$5.5 million exploration program including a 5,000m diamond drill program.
The earn-in requires completing 60,000m of drilling within four years to earn 51%, and funding a feasibility study within three years after exercising the first option to reach 70%. A 4.5% NSR to a prior owner is retained on the project.
Fortuna (NYSE: FSM) renewed its normal course issuer bid to repurchase up to 15,227,869 common shares, equal to 5% of outstanding shares as of April 10, 2026. The NCIB begins May 4, 2026 and may run to May 3, 2027 or until the program limits are reached.
Repurchases may occur on the NYSE using open market methods, including purchases under an ISPP and an ASPP with a designated broker; any shares bought will be cancelled. As of April 16, 2026, Fortuna repurchased 3,400,000 shares at a weighted-average price of US$9.53.
Fortuna (NYSE: FSM) reported Q1 2026 production of 72,872 GEO, up from 65,130 GEO in Q4 2025, and reiterated 2026 guidance of 281,000–305,000 GEO. Séguéla led output with 42,016 oz Au; Lindero produced 21,545 oz Au and Caylloma 9,311 GEO. The company repurchased 2.2 million shares for $20.3M and advanced Séguéla expansion and Diamba Sud feasibility toward mid‑2026 milestones.