Business
Fortuna Reports Results for the Third 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 Third 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, Nov. 05, 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 third quarter of 2025.\n \n\n (Results from the Company’s San Jose and Yaramoko assets have been excluded from its Q3 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 delivered a strong third quarter, keeping us on track to meet our annual production guidance. Higher gold prices and consistent mine performance generated $73.4 million in free cash flow from operations—up $16.0 million from Q2.” Mr. Ganoza continued, “Cash costs remained below $1,000/oz, and AISC at our mines is tracking within guidance. Lindero’s AISC is trending lower, and we expect similar improvements at Séguéla as it completes key investments to support 2026 production of 160,000–180,000 ounces.” Mr. Ganoza concluded, “Our balance sheet continues to strengthen, with nearly $600 million in liquidity and $265.8 million in net cash. This positions us to fund high-impact growth initiatives, including Diamba Sud, unlocking the full potential of the Séguéla Mine, and expanding exploration across West Africa and Latin America.”\n \n\n\n Third Quarter 2025 Highlights\n \n\n\n\n Cash and Cashflow\n \n\n\n\n Free cash flow\n \n 1\n \n from ongoing operations of $73.4 million, and net cash from operating activities before changes in working capital of $113.9 million or $0.37 per share. The quarter included $13.6 million in withholding taxes paid related to the repatriation of $118.2 million from Argentina and Côte d’Ivoire\n \n\n Liquidity increased to $588.3 million, and the net cash\n \n 1\n \n position strengthened to $265.8 million, from $214.8 million in Q2 2025\n \n\n Quarter-end cash balance of $438.3 million, an increase of $51.0 million QoQ\n \n\n\n\n\n\n Profitability\n \n\n\n\n Attributabl...