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Fortuna Mining Awards the Séguéla Mine Plant Expansion Study, Côte d’Ivoire
VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce that Lycopodium Minerals Canad
About this update from Fortuna Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce that Lycopodium Minerals Canada Ltd. has been selected to undertake Séguéla’s Processing Plant Expansion Options Study (the “Study”), supporting Fortuna´s next phase of growth in Côte d’Ivoire. Key Highlights The Company recently reported: Fortuna Expands Mineral Reserves and Mineral Resources for the Séguéla Mine, Côte d’Ivoire. Reserve life of mine extended to 7.5 years. Completion of the underground mining study, supporting the potential conversion of up to 3.6 Mt averaging 4.34 g/t containing 502,000 gold ounces of Sunbird Indicated Mineral Resources into Mineral Reserves, is expected in December 2025. Assessment of expansion options aimed at increasing processing plant throughput by 15 to 40 percent. Completion of the plant expansion feasibility study planned for the second quarter of 2026. Jorge A. Ganoza, President and CEO, commented, “Initiating the Séguéla plant expansion study is a key step in unlocking the next phase of growth for the mine and fully capturing the opportunities created by our exploration success.” Mr. Ganoza continued, “Awarding the study to Lycopodium reflects our confidence in their deep understanding of Séguéla and their ability to deliver practical, innovative solutions.” Mr. Ganoza concluded, “Together with continued progress at our Diamba Sud Gold Project in Senegal, this work advances Fortuna toward our objective of achieving approximately 500,000 ounces of annual gold equivalent production within the next three years.” Processing Plant Expansion Options Study The Study will evaluate practical and cost-effective solutions to increase Séguéla’s processing plant throughput beyond its current 1.75 Mtpa capacity to between 2.0 and 2.5 Mtpa, while optimizing metallurgical performance to unlock its full production potential, targeting more than 200,000 ounces of gold per year. This growth initiative supports Fortuna’s strategic objective to maximize value from the Séguéla Mine and to accommodate resource growth, including the potential future inclusion of underground mineralization from the Sunbird deposit into the mine plan. Lycopodium brings unparalleled expertise to this project, having designed, built, and commissioned Séguéla’s processing plant. Their proven...