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) reported updated Séguéla Mine reserves and resources as of October 31, 2025: Proven & Probable Mineral Reserves of 13.0 million tonnes containing 1.2 million oz Au (an 11% increase vs. Dec 31, 2024). Measured & Indicated Resources (ex-reserves) total 794,000 oz Au (+100%), and Inferred Resources total 712,000 oz Au (+15%).
Company cited a 7.5-year life of mine, Sunbird underground growth (502,000 oz indicated), ongoing infill drilling, underground studies with a December 2025 milestone, and plant expansion evaluations to ~25% higher capacity (2.0–2.5 Mtpa).
Fortuna (NYSE: FSM) reported Q3 2025 continuing results showing strong cash generation and improved profitability. Sales were $251.4M and attributable net income (continuing) was $123.6M ($0.40/share). Adjusted attributable net income was $51.0M ($0.17/share). Free cash flow from ongoing operations was $73.4M and net cash strengthened to $265.8M with total liquidity of $588.3M. Consolidated GEO production from continuing operations was 72,462 oz. Consolidated cash cost was $942/oz and AISC was $1,987/oz (includes a one-time $80/oz SBC impact).
Company completed a PEA for Diamba Sud with an after-tax IRR of 72% and NPV5% of $563M (US$2,750/oz basis) and is advancing toward a DFS and construction decision in H1 2026.
Fortuna (NYSE: FSM) reported exploration drilling results at the Sunbird deposit, Séguéla Mine, Côte d’Ivoire, highlighting multiple high‑grade intersections and a newly defined second underground shoot.
Key facts: SGRD2434: 7.3 g/t Au over 16.1 m from 688 m; SGRD2461: 6.0 g/t Au over 11.9 m from 669 m; SGRD2460: 5.2 g/t Au over 6.3 m from 787 m. The company completed 40 holes totaling 15,088 m, defines >1.5 km of high‑grade strike at depth, has initiated an underground study, and will continue drilling through end of 2025.
Fortuna (NYSE: FSM) will release its third quarter 2025 financial statements and MD&A on Wednesday, November 5, 2025 after market close. A conference call to discuss results is scheduled for Thursday, November 6, 2025 at 9:00 a.m. PT / 12:00 p.m. ET.
Management participating: Jorge A. Ganoza (President & CEO), Luis D. Ganoza (CFO), Cesar Velasco (COO - Latin America) and David Whittle (COO - West Africa). Listen via webcast at https://www.webcaster5.com/Webcast/Page/1696/53144 or by phone (Access code: 360013).
Replay available by phone until Thursday, November 20, 2025; webcast playback available until Friday, November 6, 2026. A transcript will be archived on the company website.
Fortuna (NYSE: FSM) reported a Preliminary Economic Assessment for the Diamba Sud gold project in Senegal dated Oct 15, 2025. At a gold price of $2,750/oz the PEA shows an after-tax NPV5% of $563M, after-tax IRR 72% and a payback of 0.8 years. Initial capital is estimated at $283.2M. First three years average production is 147 koz/yr at an AISC of $904/oz. Life of mine is 8.1 years with total contained gold in mined resource of 932 koz. DFS and permitting underway; construction decision targeted H1 2026.
Fortuna (NYSE: FSM) reported Q3 2025 consolidated gold equivalent production of 72,462 oz and 9M 2025 production of 251,871 oz. The company reiterated 2025 annual guidance of 309,000–339,000 GEO. Ongoing operations produced 72,462 GEO (Séguéla 38,799; Lindero 24,417; Caylloma 9,246).
Key operational notes: Séguéla is on track to exceed the upper end of guidance with 115,484 oz YTD; Lindero delivered its highest quarterly output year‑to‑date; Caylloma showed lower base‑metal tonnes consistent with the mine plan. Capital and project updates include tailings capacity expansion to August 2029, permit approvals for satellite pits, and solar plant material deliveries.
Fortuna (NYSE: FSM) filed an Environmental and Social Impact Assessment (ESIA) for the Diamba Sud gold project with Senegalese authorities on October 7, 2025, advancing permitting toward an environmental permit.
The company expects to complete a Preliminary Economic Assessment (PEA) during Q4 2025, progress to a Definitive Feasibility Study, and target a construction decision in H1 2026. Fortuna reported 52,110 metres drilled year-to-date in 2025 and said drilling will restart in October to test open extensions and targets through year-end.
Recent drilling drove a reported Measured & Indicated resource expansion of 53% and Inferred expansion of 93%, including a maiden Southern Arc Inferred resource of 194,000 oz at 1.57 g/t Au.
Fortuna Mining (NYSE: FSM) has entered into a strategic exploration alliance with DeSoto Resources Limited to explore the Siguiri Basin in Guinea. The partnership establishes a joint venture company focused on identifying and developing gold deposits in this highly prospective region.
Under the agreement terms, once a significant discovery is made, Fortuna will hold a 70% stake in the joint venture, with DeSoto holding the remaining 30%. Fortuna commits to solely funding exploration for three years or until $12.5 million in cumulative expenditure is reached across successful projects. The initial project generation phase spans 36 months.
Fortuna Mining (NYSE: FSM) has announced a significant $19 million generative exploration program across multiple countries. The program complements their existing $22 million Brownfields exploration budget and spans projects in Côte d'Ivoire, Mexico, and Argentina.
Key developments include: the Guiglo Project in Côte d'Ivoire with a 5km by 2km gold anomaly, the Centauro Project in Mexico featuring a 2km by 3km silica-capped plateau, and the Arizaro Deposit near Lindero Mine in Argentina, where recent drilling revealed significant gold-copper intersections up to 0.69 g/t Au and 0.40% Cu.
The company has also advanced exploration at the Tongon North Project in Côte d'Ivoire, the La Carmen Project in Mexico, and the Cerro Lindo Project in Argentina, demonstrating a comprehensive approach to portfolio expansion.
Fortuna Mining Corp. (NYSE: FSM) announced its participation in the upcoming Mining Forum Americas event. The conference will take place at the Broadmoor Hotel & Resort in Colorado Springs from September 14-17, 2025.
Jorge A. Ganoza, the company's President, CEO, and co-founder, will deliver a presentation on Monday, September 15 at 11:00 a.m. MDT in Bartolin Hall: Stage 2. Interested parties can access the live presentation through the Mining Forum Americas website.