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Fortuna Mining reports record production of 455,958 Au Eq ounces for 2024 and provides 2025 outlook.
VANCOUVER, British Columbia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) reports production results for the fourth quarter and
About this update from Fortuna Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM) (TSX: FVI) reports production results for the fourth quarter and full year 2024 from its five operating mines in Latin America and West Africa. For the full year 2024, Fortuna produced a record 369,637 ounces of gold and 3,724,945 ounces of silver for a record 455,958 gold equivalent ounces1, including lead and zinc by-products. All references to dollar amounts in this news release are expressed in US dollars. Fourth quarter 2024 highlights Gold equivalent production of 116,358 oz; compared to 110,820 oz Au Eq in Q3 20243 and 136,154 oz Au Eq in Q4 20232 Gold production of 95,993 oz; compared to 91,251 oz Au in Q3 20243 and 107,376 oz Au in Q4 20232 Silver production of 843,611 oz; compared to 816,187 oz in Q3 20243 and 1,354,003 oz in Q4 20232 Repurchased 6,402,640 common shares at an average price of $4.77 per share for a total of $30,529,066; representing 41.88 percent of the 15,287,201 shares under the Company’s normal course issuer bid6 Full year 2024 highlights Record gold equivalent production of 455,958 oz1, in line with low end of guidance; compared to 452,389 oz Au Eq in 20232 Record gold production of 369,637 oz, achieving midpoint of guidance; compared to 326,638 oz Au in 20232 Silver production of 3.7 Moz, below guidance; compared to 5.9 Moz in 20232 By-product lead and zinc production of 39.6 and 51.9 Mlbs, respectively 2024 Total Recordable Injury Frequency Rate (TRIFR) of 1.36 compared to 1.22 in 2023; Lost Time Injury Frequency Rate (LTIFR) of 0.48 compared to 0.36 in 2023 2025 consolidated production and cost guidance highlights Gold equivalent production of between 380,000 and 422,000 oz; a projected decrease of between 17 and 7 percent, respectively, compared to 2024 production4 Gold production of between 334,000 and 373,000 oz; a projected decrease of 10 percent and an increase of 1 percent, compared to 20242 Silver production of between 0.9 and 1.0 million oz; a projected decrease of between 76 and 73 percent, respectively, compared to 20242 Cash cost of between $895 and $1,015/oz Au Eq 5 AISC of between $1,550 and $1,680/oz Au Eq 5 Notes: Au Eq includes gold, silver, lead and zinc and is calculated using the following metal prices: $2,401/oz Au, $28.04/oz Ag, $2,072/t Pb and $...