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. (NYSE: FSM, TSX: FVI) generates a steady flow of news related to its precious metals mining operations in Latin America and West Africa. As a Canadian company with three operating mines and a portfolio of exploration projects in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal, its disclosures cover production performance, project development, exploration results, and corporate actions.
News updates frequently focus on quarterly and annual production, expressed in gold equivalent ounces (GEO) that combine gold, silver, lead, and zinc. Recent releases detail record gold production at the Séguéla Mine in Côte d’Ivoire, consolidated GEO output from ongoing operations, and guidance ranges for future GEO production, cash costs, and all-in sustaining costs. Operational updates also describe mine-specific events, such as mechanical downtime and subsequent remediation at the Lindero Mine in Argentina, and strong base metal production at the Caylloma Mine in Peru.
Investors following FSM news will also see extensive coverage of growth projects and exploration. Fortuna reports on Mineral Reserve and Mineral Resource updates at Séguéla, underground studies at the Sunbird deposit, and drilling results that expand mineralization at both Séguéla and the Diamba Sud Gold Project in Senegal. Technical milestones, including the filing of NI 43-101 reports and the award of feasibility and plant expansion studies, are regular topics.
Corporate and financial news items include quarterly financial results, liquidity and net cash positions, and share repurchases under the company’s normal course issuer bid. Together, these updates provide context on Fortuna’s operating performance, project pipeline, and capital allocation. Bookmark this page to review the latest FSM production reports, exploration results, technical studies, and regulatory announcements as they are released.
Fortuna Mining Corp. (NYSE: FSM) has completed the sale of its 100% interest in Compañia Minera Cuzcatlan, owner of the San Jose Mine in Oaxaca, Mexico, to private Peruvian company JRC Ingeniería y Construcción.
The transaction terms include:
- Initial payment of US$6.5 million
- Additional payment of US$1.2 million for pre-paid working capital and tax receivables by April 30, 2025
- Potential future payment of up to US$8.3 million upon meeting certain conditions
- Fortuna retains a 1% net smelter royalty on production after 6.1 million ounces of silver and 44,000 ounces of gold or 119,000 gold equivalent ounces are extracted
Fortuna Mining (NYSE: FSM | TSX: FVI) has announced the sale of its Yaramoko Mine in Burkina Faso to Soleil Resources International (SRI), a private Mauritius company. The transaction, valued at approximately US$130 million, includes:
- US$70 million payable on closing
- US$57.5 million in cash dividends from Roxgold Sanu
- Up to US$53 million in VAT receivables upon meeting conditions
The strategic exit is driven by Yaramoko's remaining mineral reserves (approximately one year), ceased exploration activities, and challenging business climate in Burkina Faso. The deal helps Fortuna avoid approximately US$20 million in future mine closure liabilities. The transaction is expected to complete in Q2 2025, subject to ministerial approval and other customary conditions.
Fortuna Mining (NYSE: FSM) reports Q1 2025 production of 103,459 gold equivalent ounces, showing a decrease from 112,543 GEOs in Q1 2024 and 116,358 GEOs in Q4 2024. Key highlights include:
- Gold production of 91,893 ounces (up from 89,678 oz in Q1 2024)
- Completion of Lindero leach pad expansion project at $51.8M, providing 10 years additional capacity
- Share buyback of 916,900 shares at $4.53/share average ($4.16M total)
Production by mine:
- Séguéla (Côte d'Ivoire): 38,500 GEOs
- Yaramoko (Burkina Faso): 33,073 GEOs
- Lindero (Argentina): 20,320 GEOs
- Caylloma (Peru): 11,566 GEOs
The company reiterates its 2025 guidance of 334,000-373,000 gold ounces and 0.9-1.0M silver ounces, or 380,000-422,000 GEOs.
Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) has announced the filing of its fiscal 2024 Form 40-F annual report with the U.S. Securities and Exchange Commission (SEC) on March 27, 2025. The comprehensive filing includes the company's annual audited financial statements, management's discussion and analysis, and annual information form.
The documents are accessible through both the company's website and the SEC's website. Fortuna shareholders can request printed copies of the annual financial statements at no cost by submitting a written request.
Fortuna Mining (NYSE: FSM | TSX: FVI) has announced its participation in the upcoming Mining Forum Europe 2025, scheduled to take place at the Park Hyatt in Zürich, Switzerland, from March 31 to April 2, 2025.
Jorge A. Ganoza, President, CEO, and co-founder of Fortuna, will deliver a presentation on Tuesday, April 1, at 2:10 p.m. Central European Time in Ballroom 3. The presentation will be available for live viewing through an online link.
Fortuna Mining (NYSE: FSM) has announced significant exploration results from its Séguéla Mine in Côte d'Ivoire. At the Kingfisher deposit, drilling intersected 7.2 g/t Au over 31.5 meters, with 100 drill holes totaling 10,978 meters completed of a planned 28,000-meter program. The company expects to convert Kingfisher resources into Mineral Reserves in 2025.
At the Sunbird deposit, deep exploration drilling revealed 4.3 g/t Au over 23.1 meters from 733 meters depth, representing the deepest intercept to date. Drilling has extended mineralization approximately 700 meters south beyond the current underground Inferred Resource and 600 meters below surface. The mineralization remains open at depth and down plunge.
Fortuna Mining Corp. (NYSE: FSM) has released its updated Mineral Reserve and Mineral Resource estimates as of December 31, 2024, for its operations in West Africa and the Americas. Consolidated Inferred Mineral Resources increased 29% year-over-year to 2.2M gold equivalent ounces (GEOs), while Measured and Indicated Resources grew 36% to 1.5M GEOs.
The company reported a 11% decrease in Consolidated Proven and Probable Mineral Reserves to 2.7M GEOs, primarily due to production depletion of 526,000 GEOs in 2024, partially offset by resource upgrades of 204,000 GEOs. Notable highlights include Séguéla Mine maintaining reserves while increasing gold grade by 11% to 3.38 g/t Au, Yaramoko Mine's successful reserve replenishment, and Lindero Mine's minimal changes despite mining depletion.
Fortuna Mining Corp. (NYSE: FSM) reported strong Q4 and full-year 2024 results, with record free cash flow of $95.6 million in Q4 (69% QoQ improvement) and $202.9 million for 2024. The company achieved attributable net income of $11.3 million in Q4 and $128.7 million for the full year.
Key Q4 highlights include net cash from operations of $141.6 million, quarter-end cash of $231.3 million, and a positive net cash position of $58.8 million. The company returned $30.6 million to shareholders through share buybacks in Q4.
Operational performance showed gold equivalent production of 116,358 ounces in Q4 and a record 455,958 ounces in 2024. The flagship Séguéla mine delivered 137,781 ounces at an AISC of $1,153 per ounce in 2024, with planned expansion to 160,000-180,000 ounces by 2026.
Q4 cash costs were $1,015 per gold equivalent ounce, with AISC at $1,772. The company plans to divest the non-core San Jose mine and has allocated $51 million for exploration and development in 2025.
Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reported a fatal accident at its Séguéla Mine in Côte d'Ivoire on February 24, 2025. An employee of Mapa Protection Incendie (MPI), a service provider to mine contractor Mota Engil, died following an explosion while refilling fire extinguishers at the light vehicle maintenance workshop.
The victim received immediate assistance from the mine's emergency team and was evacuated to Séguéla City Hospital, where he later succumbed to his injuries. No other individuals were injured in the incident.
Government authorities have been notified, and senior corporate leadership is traveling to the site. An investigation into the cause of the accident is underway. Jorge A. Ganoza, President, CEO and Director of Fortuna, expressed condolences and emphasized the company's commitment to workplace safety and conducting a thorough investigation to prevent future incidents.
Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) has announced the upcoming release of its fourth quarter and full year 2024 financial results on Wednesday, March 5, 2025, after market close. The company will host a conference call to discuss financial and operational results on Thursday, March 6, 2025, at 12:00 p.m. Eastern time.
The call will be hosted by key executives including Jorge A. Ganoza (President and CEO), Luis D. Ganoza (CFO), Cesar Velasco (COO - Latin America), and David Whittle (COO - West Africa). The conference call will be accessible via webcast and phone, with replay available until March 20, 2025. The webcast playback will remain accessible until March 6, 2026.
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