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Fortuna delivers robust PEA for Diamba Sud Gold Project in Senegal: After-tax IRR of 72% and NPV5% of US$563 million using US$2,750 per ounce
(All financial information contained herein are expressed in US dollars unless otherwise stated) ...
About this update from Fortuna Mining Corp.
[{"type":"text","content":"Fortuna delivers robust PEA for Diamba Sud Gold Project in Senegal: After-tax IRR of 72% and NPV5% of US$563 million using US$2,750 per ounce\n\n\n\n (All financial information contained herein are expressed in US dollars unless otherwise stated)\n \n\n VANCOUVER, British Columbia, Oct. 15, 2025 (GLOBE NEWSWIRE) --\n \n Fortuna Mining Corp. (NYSE: FSM | TSX: FVI)\n \n is pleased to report the results of the Preliminary Economic Assessment (PEA) prepared for the Diamba Sud Gold Project in Senegal.\n \n\n The PEA supports robust project economics for the development of an open-pit mine and conventional carbon-in-leach (CIL) processing plant. At a gold price of $2,750 per ounce, the assessment unveils an after-tax NPV\n \n 5%\n \n of $563 million, an IRR of 72 percent, and a payback period of ten months. During the first three years of production, Diamba Sud is projected to deliver an average of 147,000 ounces of gold per year at an All-In Sustaining Cost\n \n 1\n \n (AISC) of $904 per ounce.\n \n\n Construction capital cost is estimated at approximately $283.2 million. Project funding is derisked by the strength of Fortuna’s balance sheet and robust cash flow generation. As of the end of the second quarter of 2025, Fortuna reported liquidity of $537.3 million and a net cash position of $214.8 million.\n \n\n Jorge A. Ganoza, President and CEO at Fortuna, commented, “The PEA highlights the strong value Diamba Sud brings to Fortuna’s portfolio, using a long-term gold price of $2,750 per ounce. With permitting and the Definitive Feasibility Study underway, we expect to make a construction decision in the first half of 2026.” Mr. Ganoza continued, “Ongoing exploration is advancing with five drill rigs focused on expanding open areas of mineralization and to upgrade the small portion of Inferred Mineral Resources to the Measured and Indicated categories by year-end. With continued exploration success, we expect to enhance Diamba Sud’s life of mine production profile beyond a decade.” Mr. Ganoza concluded, “Additionally, we have approved a $17 million budget to advance early construction works, including the expansion of camp and ancillary facilities, as well as detailed engineering activities.”\n \n\n Note:\n \n\n\n This is a non-GAAP financial measure. The defini...