Fortuna Mining Corp. · TSX:FVI
Fortuna Mining — Q2 2026 Earnings Presentation
17 slides from Fortuna Mining's earnings presentation, Aug 6, 2026
Slide 1: Q2 2026 Financial and Operational Results Webcast
We envision. We deliver. Q2 2026 Financial and Operational Results Webcast August 6, 2026 NYSE: FSM | TSX: FVI We envision. We deliver.
Slide 2: Q2 2026 Highlights
Q2 2026 Highlights Quarterly free cash flow2 of $85.7 million and adjusted EBITDA2 of $200.8 million Share Buybacks Cash Flow & Margins Delivering Growth $82.1 million Q2 2026 FCF from Operations1,2 Delivered robust feasibility study for Diamba Sud. Q2 2026 $85.7 million On track for final investm
Slide 3: Q2 2026 Operations and Projects
Q2 2026 Operations and Projects YTD Production of 145,089 GEO1; on-track to meet annual guidance of 281,000 to 305,000 GEO Operating Mines Growth Séguéla Mine Lindero Mine Caylloma Mine Diamba Sud Gold Project3 CÔTE D’IVOIRE ARGENTINA PERU SENEGAL Technical Report filed on July 13, 2026 Gold Product
Slide 4: Financial Overview
Financial Overview Caylloma Mine, Peru We envision. We deliver. Fortuna Mining Corp. | Q2 2026 Financial and Operational Results Webcast 4
Slide 5: Q2 2026 Sales
Q2 2026 Sales 38% YoY increase in sales for continuing operations Realized Precious Metals Prices1 Precious metals contribution2 5,400 92% $4,447 4,400 3,400 86% Gold ($/oz) 2,400 Q2 sales 1,400 $318.4 M Gold Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 6% Silver 1% Copper 4% Zinc 3% 92.00
Slide 6: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights Adjusted attributable net income of $75.5 million or basic EPS of $0.25 % Q2 Q2 Q1 ($ M, except in earnings per share figure) Change 2026 2025 2026 / YoY Sales 318.4 230.4 342.5 38% Adjusted EPS decreased QoQ due to higher effective tax rate from deferred tax Operating i
Slide 7: Capex Spent
Q2 2026 Capex Spent 2026E annual capital budget of $300 - $315 million 67.9 19.2 51.5 47.0 48.5 4.3 44.5 45.3 40.7 42.0 8.1 3.5 38.0 9.1 10.0 11.4 5.8 6.2 27.0 4.5 47.2 48.7 38.5 37.9 40.4 35.0 34.5 33.9 31.7 $M 22.5 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Min
Slide 8: Q2 2026 Financial Highlights: Available liquidity
Q2 2026 Financial Highlights Available liquidity of $757 M 816 757 704 $ Millions 537 588 150 150 150 Undrawn credit facility 150 150 Cash 554 666 607 387 438 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Total Net Cash1 215 266 382 493 435 Numbers in the table have been rounded and are expressed in milli
Slide 9: Appendix
Appendix We envision. We deliver. Fortuna Mining Corp. | Q2 2026 Financial and Operational Results Webcast 9
Slide 10: Notes
Appendix Notes Where applicable, the Company has presented operating and financial results based on its continuing operations. Contributions from the San Jose and Yaramoko mines have been removed from 2025 results and comparative figures, unless otherwise disclosed, as they were disposed of during t
Slide 11: Consolidated Sales Metrics
Appendix Consolidated Sales Metrics Q2 2026 Q2 2025 % Change Metal Sold Au (oz) 62,453 61,631 1% Ag (oz) 285,916 251,798 14% Pb ('000 lb) 9,714 9,183 6% Zn ('000 lb) 12,707 12,283 3% Realized Price Au ($/oz) 4,447 3,307 34% Ag ($/oz) 75.22 33.77 123% Pb ($/lb) 0.88 0.88 0% Zn ($/lb) 1.57 1.20 31% 1.
Slide 12: Board of Directors
Appendix Board of Directors David Laing Mario Szotlender Board Chair | Independent Director Director Mining Engineer With 40 Years Of Experience In The Industry. David Is An Independent Mining Co-founder Of Fortuna. Financier, Businessman And Director Of Atico Mining, Endeavour Silver, And Consultan
Slide 13: Executive Leadership Team
Appendix Executive Leadership Team Jorge A. Ganoza DAVID WHITTLE President, CEO And Director Chief Operating Officer – West Africa Jorge is a geological engineer and co-founder of Fortuna, where he has led the Company since its inception. David joined Fortuna in July 2021 and held the position of Vi
Slide 14: Cautionary Statement On Forward Looking Statements
Appendix Cautionary Statement On Forward Looking Statements This webcast presentation contains forward looking statements which constitute “forward-looking information” within the meaning requirements, expropriation of property and assets, adverse changes in environmental, tax and other laws or regu
Slide 15: Non-IFRS Financial Measures
Appendix Non-IFRS Financial Measures Fortuna’s condensed interim consolidated financial statements for the three and six months ended June 30, 2026 and 2025 (the “Q2 2026 These non-IFRS financial measures are widely reported in the mining industry as benchmarks for performance and are used by Manage
Slide 16: Diamba Sud Gold Project, Senegal
Appendix Diamba Sud Gold Project, Senegal Mineral Reserves and Mineral Resources Contained Metal Tonnes Au Classification Au (000) (g/t) (koz) Probable Mineral Reserves 20,500 1.75 1,151 Indicated Mineral Resources 3,364 1.12 121 Inferred Resources 1,632 1.31 68 Mineral Reserve and Mineral Resource
Slide 17: Contact
CONTACT CARLOS BACA Vice President, Investor Relations info@fmcmail.com | fortunamining.com NYSE: FSM | TSX: FVI @fortunamining @fortunamining @fortunamining @fortunamining @fortunamining