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Fortuna Mining Expands Mineral Reserves and Mineral Resources for the Séguéla Mine, Côte d'Ivoire
VANCOUVER, British Columbia, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce updated Mineral Reserves and M
About this update from Fortuna Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce updated Mineral Reserves and Mineral Resources excluding Mineral Reserves for the Séguéla Mine, reporting 1.2 million ounces of gold in Mineral Reserves, 794,000 ounces of gold in Indicated Resources, and 712,000 ounces of gold in Inferred Resources. Jorge A. Ganoza, President and CEO, commented, “Continued exploration success over the last two years has created a clear pathway to not only extend the life of mine at Séguéla, but also to evaluate a further plant expansion and a potential increase in annual gold production.” Mr. Ganoza continued, “Séguéla now boasts a 7.5-year life of mine and its largest Mineral Resource inventory on record. In response, we have launched aggressive infill drilling programs, advanced underground mining studies, and initiated plant expansion evaluations to fully capture the opportunities created by our exploration success.” Mr. Ganoza concluded, “With robust exploration programs underway and continuing into 2026, we are confident in our ability to unlock further value from our commanding land position at Séguéla.” Updated Mineral Reserves and Mineral Resources Highlights Growth in Mineral Reserves offset production-related depletion, with an estimated 1.2 million ounces of gold, representing an 11% increase compared to December 31, 2024. Measured and Indicated Mineral Resources, exclusive of Mineral Reserves, are reported containing 794,000 ounces of gold, a 100% increase compared to December 31, 2024. Inferred Mineral Resources are reported containing 712,000 ounces of gold, reflecting a 15% increase compared to December 31, 2024. Kingfisher and Sunbird host the largest Mineral Reserves and Mineral Resources where mineralization remains open at both deposits. Completion of the underground mining study, supporting the potential conversion of up to 502,000 gold ounces of Sunbird Indicated Resources into Mineral Reserves, is expected in December 2025. Technical studies have been initiated to evaluate a plant expansion of approximately 25% capacity to between 2.0 and 2.5 million tonnes per year; studies are expected to be completed in the second quarter of 2026. Mineral Reserves Proven and Probable &nb...