Fortuna Mining Corp. is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire. Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Exploration drilling at Kingfisher has moved to infilling and improving the resource confidence along the 1-kilometer strike length of the current resource pit, with several notable intersections including 7.2 g/t Au over an [...]
Fortuna Mining Corp. provides its updated Mineral Reserve and Mineral Resource estimates as of December 31, 2024, for its four operating mines in West Africa and the Americas as well as the Arizaro Project located at the Lindero Mine in Salta, Argentina, the Diamba Sud Gold Project in Senegal and the San Jose Mine in Mexico. All references to dollar amounts in this news release are expressed in US dollars. Gold equivalent [...]
Fortuna Mining Corp. today reported its financial and operating results for the fourth quarter and full year of 2024. Fourth Quarter and Full Year 2024 highlights Cash and Cashflow Record free cash flow1 of $95.6 million in Q4, a quarter over quarter improvement of 69%; $202.9 million in 2024 Net cash from operations of $141.6 million before working capital or $0.46 per share in Q4, a QoQ increase of 21%; $438.2 million [...]
Fortuna Mining Corp. regrets to report that a fatal accident occurred yesterday at the Séguéla Mine. The tragic incident took place while an employee of Mapa Protection Incendie , a specialized service provider to the mine contractor Mota Engil, was conducting a planned refilling of fire extinguishers. The accident took place at the contractor's light vehicle maintenance workshop where an explosion took place while [...]
Fortuna Mining Corp. announces that it will release its financial statements and MD&A for the fourth quarter and full year 2024 on Wednesday, March 5, 2025, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, March 6, 2025, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief [...]
Fortuna Mining Corp. 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 [...]
Fortuna Mining Corp. is pleased to announce it has entered into a binding letter agreement to sell its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. to Minas del Balsas S.A. de C.V. , a private Mexican company. Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. Following the sale, Fortuna will cease to have any interest in the San Jose Mine, other than [...]
Fortuna Mining Corp. is pleased to provide an update on its exploration program at the Séguéla Mine in Côte d'Ivoire. Paul Weedon, Senior Vice President, Exploration, commented, "The prospectivity of Kingfisher is underscored by the recent intersections of 15.3 meters averaging 4.1 g/t Au and 17 meters averaging 3.3 g/t Au; approximately 150 meters further along strike of the recently reported maiden Inferred Resource of [...]
Fortuna Mining Corp. is pleased to announce updated Mineral Reserves and Mineral Resources at its Séguéla Mine with the discovery of over 500,000 gold ounces of new Inferred Resources. Jorge A. Ganoza, President and CEO, commented, "Our exploration programs in 2024 have successfully grown our Inferred Resources to 677,000 gold ounces, including the contribution of four new mineral deposits." Mr. Ganoza added, "These new [...]
Fortuna Mining Corp. is pleased to report that during the fourth quarter as of Friday, November 29, 2024, it has repurchased under the Company's normal course issuer bid an aggregate of 6,402,640 common shares on the open market of the New York Stock Exchange. Shares were repurchased at a weighted-average price of $4.77 per common share for a total gross amount of $30,529,066, excluding brokerage fees; these shares will [...]
Fortuna Mining Corp. today reported its financial and operating results for the third quarter of 2024. "In the third quarter, a focus on cost discipline and safe operations allowed Fortuna to capture the benefit of rising metal prices and achieve record attributable earnings of $50.5 million and record operating cash flow before working capital changes of $119.3 million." said Jorge Ganoza, Fortuna's President and CEO [...]
Fortuna Mining Corp. announces that it will release its unaudited financial statements and MD&A for the third quarter on Wednesday, November 6, 2024, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, November 7, 2024, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief [...]