Business
Fortuna Mining reports production of 72,872 gold equivalent ounces in the first quarter of 2026 and provides a business update
VANCOUVER, British Columbia, April 09, 2026 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reports production results for the first quarter of
About this update from Fortuna Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 09, 2026 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reports production results for the first quarter of 2026 from its three operating mines in West Africa and Latin America. All figures presented in this news release are expressed in U.S. dollars, unless otherwise indicated. Q1 2026 highlights Production Production totaled 72,872 gold equivalent ounces (“GEO”)1, compared to 70,386 GEO in Q1 20252,3,4 and 65,130 GEO in Q4 20252,5,6 Growth Initiatives Séguéla processing plant expansion studies are advancing according to plan and are expected to be completed in May 2026. The studies are evaluating an expansion scenario of approximately 28%, targeting between 2.0 to 2.5 million tonnes per year. Following successful infill drilling of the Sunbird deposit at the Séguéla Mine, the Company expects to publish updated Mineral Resource and Mineral Reserve estimates by May 2026. Diamba Sud feasibility study progressing as planned with delivery expected by mid-2026. Front end engineering design is well advanced with initial purchase orders placed for critical path equipment packages. Return to shareholders Repurchased an aggregate of 2.2 million common shares during the first quarter of 2026 at an average price of $9.24 per share, for total consideration of $20.3 million. Safety The Company recorded no lost-time injuries (“LTI”) in the quarter. Fortuna reiterates its annual production guidance for 2026 of 281,000 to 305,000 GEO4. Q1 2026 consolidated GEO production GEO Production Q1 2026 Q4 2025 2026 Annual Guidance Ongoing Operations Séguéla, Côte d’Ivoire 42,016 36,942 160,000 - 170,000 Lindero, Argentina 21,545 19,201 92,000 - 102,000 Caylloma, Peru 9,311 8,987 29,000 - 33,000 Total 72,872 65,130 281,000 - 305,000 Notes: GEO includes gold, silver, lead, and zinc and is calculated using the following metal prices: $4,874/oz Au, $82.69/oz Ag, $1,918/t Pb and $3,246/t Zn or Au:Ag = 1:58.94, Au:Pb = 1:2.54, Au:Zn = 1:1.50 Consolidated production excludes divested operations of the San Jose and Yaramoko mines Refer to Fortuna news release dated April 10, 2025, “Fortuna reports solid production of 103,459 gold equivalent ounces for...