Business
Fortuna Reports Results for the Second Quarter of 2025
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) ...
About this update from Fortuna Mining Corp.
[{"type":"text","content":"Fortuna Reports Results for the Second Quarter of 2025\n\n\n\n\n (All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated)\n \n\n\n VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) --\n \n Fortuna Mining Corp.\n \n\n (NYSE: FSM | TSX: FVI)\n \n\n (“Fortuna” or the “Company”)\n \n today reported its financial and operating results for the second quarter of 2025.\n \n\n (Results from the Company’s San Jose and Yaramoko assets have been excluded from its Q2 2025 continuing results, along with the comparative figures, due to the classification of the assets as discontinued as at June 30, 2025.)\n \n\n\n Jorge A. Ganoza, President and CEO of Fortuna, commented, “Fortuna completed the second quarter with liquidity of more than half a billion dollars. Our strong balance sheet positions the Company to pursue growth opportunities under our control including the guided production expansion at the Séguéla Mine in 2026 and advancing to a construction decision at the Diamba Sud project in Senegal by the first half of 2026 following the completion of a PEA later this year.”\n \n\n Mr. Ganoza continued, “We delivered a total of 75,950 gold equivalent ounces\n \n 1\n \n , keeping us firmly on track to meet annual production guidance. Higher realized gold prices in the quarter contributed to a record EBITDA\n \n 1\n \n margin of 55%. The higher consolidated AISC\n \n 1\n \n of $1,932 per ounce of gold in the quarter was primarily driven by the timing of capital expenditures and peak mine waste stripping at Séguéla during the second quarter and into the third. These investments are critical to achieving our annual target of 160 to 180 thousand gold ounces in 2026.”\n \n\n Mr. Ganoza concluded, “Looking into the second half of the year, we expect our mines to remain within annual AISC\n \n 1\n \n guidance. At Séguéla, AISC\n \n 1\n \n , is projected to trend higher through the year due to planned mine waste stripping to access higher-grade material, but the full-year average is expected to remain well within guidance. In contrast, Lindero’s AISC\n \n 1\n \n , is expected to trend lower in the second half of the year as the leach pad expansion is now complete and peak stripping is behind us....