Fortuna Mining Stock Price, News & Analysis

Fortuna (NYSE: FSM) filed an Environmental and Social Impact Assessment (ESIA) for the Diamba Sud gold project with Senegalese authorities on October 7, 2025, advancing permitting toward an environmental permit.

The company expects to complete a Preliminary Economic Assessment (PEA) during Q4 2025, progress to a Definitive Feasibility Study, and target a construction decision in H1 2026. Fortuna reported 52,110 metres drilled year-to-date in 2025 and said drilling will restart in October to test open extensions and targets through year-end.

Recent drilling drove a reported Measured & Indicated resource expansion of 53% and Inferred expansion of 93%, including a maiden Southern Arc Inferred resource of 194,000 oz at 1.57 g/t Au.

Fortuna Mining (NYSE: FSM) has entered into a strategic exploration alliance with DeSoto Resources Limited to explore the Siguiri Basin in Guinea. The partnership establishes a joint venture company focused on identifying and developing gold deposits in this highly prospective region.

Under the agreement terms, once a significant discovery is made, Fortuna will hold a 70% stake in the joint venture, with DeSoto holding the remaining 30%. Fortuna commits to solely funding exploration for three years or until $12.5 million in cumulative expenditure is reached across successful projects. The initial project generation phase spans 36 months.

Fortuna Mining (NYSE: FSM) has announced a significant $19 million generative exploration program across multiple countries. The program complements their existing $22 million Brownfields exploration budget and spans projects in Côte d'Ivoire, Mexico, and Argentina.

Key developments include: the Guiglo Project in Côte d'Ivoire with a 5km by 2km gold anomaly, the Centauro Project in Mexico featuring a 2km by 3km silica-capped plateau, and the Arizaro Deposit near Lindero Mine in Argentina, where recent drilling revealed significant gold-copper intersections up to 0.69 g/t Au and 0.40% Cu.

The company has also advanced exploration at the Tongon North Project in Côte d'Ivoire, the La Carmen Project in Mexico, and the Cerro Lindo Project in Argentina, demonstrating a comprehensive approach to portfolio expansion.

Fortuna Mining Corp. (NYSE: FSM) announced its participation in the upcoming Mining Forum Americas event. The conference will take place at the Broadmoor Hotel & Resort in Colorado Springs from September 14-17, 2025.

Jorge A. Ganoza, the company's President, CEO, and co-founder, will deliver a presentation on Monday, September 15 at 11:00 a.m. MDT in Bartolin Hall: Stage 2. Interested parties can access the live presentation through the Mining Forum Americas website.

Fortuna Mining (NYSE: FSM) has reported significant exploration drilling results from its Séguéla Mine in Côte d'Ivoire. At the Kingfisher deposit, drilling revealed notable intersections including 4.5 g/t Au over 37.4 meters from 79 meters depth. The program successfully extended mineralization to 300 meters below surface and 250 meters along strike.

At the Sunbird deposit, deep exploration drilling yielded impressive results, including 8.5 g/t Au over 7.0 meters from 566 meters depth and 11.2 g/t Au over 5.6 meters from 479 meters. New near-surface mineralization was discovered approximately 180 meters into the footwall. The drilling program included 78 holes totaling 13,262 meters at Kingfisher and 41 holes totaling 17,532 meters at Sunbird.

Fortuna Mining Corp. (NYSE: FSM) has reported significant exploration drilling results from its Diamba Sud Gold Project in Senegal. The highlight includes drillhole DSDD488, which yielded an exceptional intercept of 22.7 g/t gold over 21.6 meters from a depth of 53 meters.

The company completed 152 drill holes totaling 21,234 meters since the previous update. Of these, 53 holes were completed after the data cutoff for Southern Arc's maiden Inferred Mineral Resource estimate of 3.9 Mt averaging 1.57 g/t Au containing 194 koz of gold. The deposit remains open to the south, east, and at depth, with current drilling extending to approximately 150 meters.

Drilling has been temporarily paused for the rainy season and is scheduled to resume in mid-September, with an updated resource estimate planned for Q1 2026.

Fortuna Mining (NYSE: FSM) reported strong Q2 2025 financial results, delivering 75,950 gold equivalent ounces and achieving a record EBITDA margin of 55%. The company maintained a robust financial position with liquidity of $537.3 million and increased its net cash position to $214.8 million.

Key financial highlights include attributable net income from continuing operations of $42.6 million ($0.14 per share) and free cash flow of $57.4 million. The company completed strategic divestments of Yaramoko and San Jose mines for $83.8 million, while advancing growth projects including the Séguéla Mine expansion and Diamba Sud project.

Despite higher consolidated AISC of $1,932 per gold ounce due to capital expenditures and mine waste stripping at Séguéla, the company remains on track to meet its annual guidance and production targets of 160-180 thousand gold ounces in 2026.

Fortuna Mining (NYSE: FSM) has announced an updated Mineral Resource estimate for its Diamba Sud Gold Project in Senegal as of July 7, 2025. The project now contains 724,000 gold ounces in Indicated Resources (14.2 Mt at 1.59 g/t gold), representing a 53% increase from year-end 2024, and 285,000 gold ounces in Inferred Resources (6.2 Mt at 1.44 g/t gold), showing a 93% increase.

The update includes first-time Inferred Resource estimates for two new deposits: Southern Arc (194,000 ounces) and Moungoundi (31,000 ounces). The estimate incorporates data from 243 new drill holes totaling 31,652 meters completed between July 2024 and July 2025. A Preliminary Economic Analysis (PEA) is underway, with completion targeted for Q4 2025.

Fortuna Mining Corp. (NYSE: FSM) has scheduled the release of its Q2 2025 financial results on Wednesday, August 6, 2025, after market close. The company will host a conference call to discuss these results on Thursday, August 7, 2025, at 12:00 p.m. Eastern time.

The conference call will feature key executives including CEO Jorge A. Ganoza, CFO Luis D. Ganoza, and Chief Operating Officers Cesar Velasco (Latin America) and David Whittle (West Africa). The call will be accessible via webcast and phone, with replay available until August 21, 2025. The webcast recording will be available for viewing until August 7, 2026.