Aankondiging • 5h

Fortuna Mining Corp. Delivers Feasibility Study for Diamba Sud Gold Project in Senegal

Fortuna Mining Corp. announced positive results from the feasibility study for its Diamba Sud Gold Project in Senegal, confirming an economically robust open-pit conventional carbon-in-leach gold mine. The feasibility study highlights include after-tax NPV5% of USD 1,009 million, IRR of 60%, and 1-year payback at USD 3,500/oz gold. At USD 4,000/oz gold, returns increase to NPV5% of USD 1,287 million, IRR of 72%, and 11-month payback. The project is expected to have strong first 4 years with average annual gold production of 158,000 ounces, a 9.4-year life of mine with an average annual gold production of 116,000 ounces, and a low-cost profile with average AISC of USD 1,056/oz over the first 4 years and USD 1,332/oz over the life of mine. The final investment decision is expected after receipt of the mining permit, with first gold targeted by Second Quarter 2028. Total initial capital is USD 397.5 million, and funding is secured by the company's strong cash flow generation and liquidity of over USD 800 million as at March 31, 2026. The company continues advancing camp construction, office facilities, and new site access road. A letter of intent has been executed with African Power Services as the power station engineering, procurement, and construction contractor to secure the heavy-fuel oil and light-fuel oil generators. Front-end engineering design is being completed to support early procurement of critical-path equipment, including the SAG mill, to reduce project schedule risk. The Diamba Sud Gold Project is located in the Kédougou Region of southeastern Senegal, approximately 665 kilometers southeast of Dakar, 83 kilometers northeast of Kédougou, and 50 kilometers north of the Senegal-Guinea border. The project comprises the contiguous DS1 and DS2 permit blocks, situated approximately 7 kilometers west of the Falémé River near the Senegal-Mali border. Diamba Sud is operated by Boya S.A., a wholly owned indirect subsidiary of Fortuna. Boya holds full and unrestricted surface rights over the land covered by the exploration permit, subject to applicable mining regulations. Upon the granting of an exploitation permit, the State of Senegal will assume a 10% free-carried ownership interest in the project. The feasibility study summary includes a gold price of USD 3,500/oz, life of mine of 9.4 years, total ore mined of 20.5 Mt, contained gold in ore mined of 1,151 koz, strip ratio of 6.3:1, throughput (oxide) of 2.5 Mtpa, throughput (fresh) of 2.0 Mtpa, head grade of 1.75 g/t Au, recovery of 91%, total production over life of mine of 1,053 koz, average annual production over life of mine of 116 koz, average annual production over first 4 years of 158 koz, total mining costs of USD 4.8/t mined, processing costs of USD 16.1/t processed, G&A costs of USD 8.6/t processed, average operating cash costs over life of mine of USD 1,146/oz, average operating cash costs over first 4 years of USD 856/oz, average AISC over life of mine of USD 1,332/oz, average AISC over first 4 years of USD 1,056/oz, initial capital expenditure of USD 398 million, sustaining capital, operations plus infrastructure (includes closure costs) of USD 79 million, NPV5% pre-tax (100% project basis) of USD 1,379 million, pre-tax IRR of 70%, NPV5% after-tax (100% project basis) of USD 1,009 million, after-tax IRR of 60%, payback period of 1 year, average EBITDA over life of mine of USD 258 million, average EBITDA over first 4 years of USD 398 million. The feasibility study supersedes the Preliminary Economic Assessment dated October 15, 2025, and reflects a more advanced, higher-confidence project with stronger production, a longer mine life, improved technical definition, and reduced execution risk. Key optimizations to the project include higher production profile, longer mine life, reserve conversion and resource growth, improved grade profile, improved metallurgical performance, higher-confidence cost and execution basis, and reduced execution risk. The initial Mineral Reserve estimate for Diamba Sud represents a major milestone and provides the foundation for a long-life, low-cost open pit operation with strong production and cash flow potential. The Probable Mineral Reserves total 20.5 million tonnes averaging 1.75 g/t Au, containing 1.15 million ounces of gold. Diamba Sud remains open for further growth. The feasibility study mine plan is based on the current Mineral Reserve, while additional opportunities remain to convert Mineral Resources into Mineral Reserves and to expand the resource base through continued drilling. The Mineral Reserve estimate is supported by feasibility study-level technical work, including metallurgical, geotechnical, hydrogeological, environmental, mine planning, processing, infrastructure, and cost studies. Mineral Reserves are reported at the point of delivery to the process plant using the 2014 CIM Definition Standards, on a 100% basis, and are classified as Probable Mineral Reserves. Mineral Reserves are estimated and reported as at April 10, 2026. Mineral Resources, reported exclusive of Mineral Reserves, are summarized in the article. The feasibility study outlines a conventional open pit gold mining operation feeding a central processing facility over a 9.4-year project life. The mine plan incorporates the Area A, Area D, Karakara, Kassassoko, Moungoudi, Southern Arc, and Western Splay deposits, with mining sequenced to support a consistent production profile over the life of mine. The pit optimization shells used to constrain the Mineral Reserve were generated using a gold price of USD 2,900/oz and a revenue factor of 1.0. Based on the Mineral Reserve estimate, the mine plan includes the mining of 20.5 million tonnes of ore at an average gold grade of 1.75 g/t, containing 1.15 million ounces of gold. A total of 130 million tonnes of waste will be mined, resulting in a life of mine strip ratio of 6.3:1. Mining will use conventional open pit methods, including drilling and blasting for both oxide and fresh ore, followed by truck-and-shovel mining operations. Ore from the open pits will be processed through a conventional carbon-in-leach plant designed to produce gold doré, incorporating crushing, milling, gravity recovery, carbon-in-leach processing, carbon elution, and gold recovery. The process plant is designed to treat the ore at an average annual processing rate of approximately 2.26 million tonnes, producing 1.05 million ounces of gold at a life of mine metallurgical recovery of 91%. The feasibility study incorporates a fully geomembrane-lined tailings storage facility designed in accordance with industry best practices and the Global Industry Standard on Tailings Management. The tailings management system will include a tailings pipeline and a water return pipeline housed within a geomembrane-lined trench, together with associated tailings pumps.

Aankondiging • Feb 25

Fortuna Mining Corp. Reports the Latest Batch of Exploration Drilling Results from the Southern Arc Deposit At Its Diamba Sud Gold Project Located in Senegal

Fortuna Mining Corp. reported the latest batch of exploration drilling results from the Southern Arc deposit at its Diamba Sud Gold Project located in Senegal. A further 44 reverse circulation and diamond drill holes, totalling 7,518 meters, have been completed at Southern Arc since the previous exploration results update in December 2025 and were incorporated into the expanded Diamba Sud mineral resource. Southern Arc Drilling highlights DSDD606: 8.4 g/t Au over an estimated true width of 10.4 meters from 136 meters including 22.4 g/t Au over an estimated true width of 1.6 meters from 145 meters DSDD608: 6.0 g/t Au over an estimated true width of 24.1 meters from 80 meters, including 20.0 g/t Au over an estimated true width of 0.8 meters from 80 meters, and 29.8 g/t Au over an estimated true width of 2.4 meters from 84 meters, and 13.9 g/t Au over an estimated true width of 0.8 meters from 109 meters, 3.0 g/t Au over an estimated true width of 13.6 meters from 167 meters, including 18.6 g/t Au over an estimated true width of 0.8 meters from 176 meters DSDD612: 6.4 g/t Au over an estimated true width of 4.6 meters from 102 meters, including 12.6 g/t Au over an estimated true width of 1.4 meters from 106 meters 2.4 g/t Au over an estimated true width of 6.2 meters from 115.3 meters, including 10.7 g/t Au over an estimated true width of 0.8 meters from 118 meters 10.3 g/t Au over an estimated true width of 7.2 meters from 135.45 meters, including 25.5 g/t Au over an estimated true width of 1.2 meters from 135.45 meters, and 19.0 g/t Au over an estimated true width of 0.8 meters from 139 meters DSDD614: 10.1 g/t Au over an estimated true width of 12.1 meters from 141.75 meters, including 13.7 g/t Au over an estimated true width of 0.8 meters from 146 meters, and 16.5 g/t Au over an estimated true width of 4.0 meters from 148 meters DSDD642: 2.3 g/t Au over an estimated true width of 36 meters from 229 meters, including 10.9 g/t Au over an estimated true width of 0.8 meters from 246 meters, and 11.5 g/t Au over an estimated true width of 0.8 meters from 248 meters DSR1039: 5.2 g/t Au over an estimated true width of 24 meters from 90 meters, including 43.8 g/t Au over an estimated true width of 0.8 meters from 95 meters, and 12.4 g/t Au over an estimated true width of 0.8 meters from 100 meters, and 36.1 g/t Au over an estimated true width of 0.8 meters from 112 meters. At Southern Arc, key objectives include continuing step-out drilling to test strike and depth extensions along strike to the southwest, northeast, and south, where mineralization remains open. For example, drill hole DSDD606 returned 8.4 g/t gold over an estimated true width of 10.4 meters from 136 meters and downhole, and a further 2.6 g/t gold over an estimated true width of 10.6 meters from 181 meters, highlighting the open nature of the system. Additional step-out drilling to test depth and strike projections is planned for the second quarter of 2026 along with re-entry and deepening of historic hole DSR936, which previously terminated short of the mineralized zone. Mineralization at Southern Arc occurs as variable fine stockwork vein arrays and diffuse pyrite-silica flooding, with a strong spatial association to hydrothermal breccias and carbonate units. The system commonly exhibits extensive hematite alteration, consistent with mineralization observed at other prospects at Diamba Sud. Drilling is continuing with 5 drill rigs across the project site testing multiple targets. Moungoundi Drilling Highlights DSDD639: 15.8 g/t Au over an estimated true width of 4.8 meters from 16 meters, including 44.1 g/t Au over an estimated true width of 1.6 meters from 17 meters DSDD654: 7.8 g/t Au over an estimated true width of 1.6 meters from 35 meters 6.2 g/t Au over an estimated true width of 9.6 meters from 53 meters, including 16.8 g/t Au over an estimated true width of 0.8 meters from 53 meters, and 40.9 g/t Au over an estimated true width of 0.8 meters from 55 meters DSDD662: 7.2 g/t Au over an estimated true width of 9.6 meters from 42 meters, including 27.6 g/t Au over an estimated true width of 1.6 meters from 51 meters DSR1022: 2.2 g/t Au over an estimated true width of 19.2 meters from 35 meters, including 15.7 g/t Au over an estimated true width of 0.8 meters from 57 meters A further 46 reverse circulation and diamond core drill holes, totalling 4,471 meters, have been completed at Moungoundi since the previous exploration update and have been incorporated into the recently updated Diamba Sud Mineral Resource estimate. The program was designed to upgrade resource confidence through infill drilling while also expanding the mineralized footprint through step-out drilling. Mineralization remains open at depth and along strike, and additional drilling is planned to test for potential extensions and possible structural links to the adjacent Western Splay deposit. Mineralization at Moungoundi occurs within intercalated hydrothermal breccias, carbonate metasedimentary units, and granitic to dioritic intrusive rocks. Mineralization is typically associated with vein arrays preferentially hosted within hydrothermal breccias. Area D, Karakara, and Kassasoko Infill Drilling Highlights Area D DSDD652: 2.7 g/t Au over an estimated true width of 28 meters from 21 meters, including 13.2 g/t Au over an estimated true width of 0.8 meters from 30 meters 2.8 g/t Au over an estimated true width of 37.6 meters from 60 meters, including 12.6 g/t Au over an estimated true width of 0.8 meters from 75 meters, and 13.8 g/t Au over an estimated true width of 2.4 meters from 91 meters DSDD655: 46.3 g/t Au over an estimated true width of 13.6 meters from 43 meters, including 724.0 g/t Au over an estimated true width of 0.8 meters from 44 meters, and 21.5 g/t Au over an estimated true width of 0.8 meters from 52 meters, and 14.3 g/t Au over an estimated true width of 0.8 meters from 54 meters Karakara DSDD643: 36.3 g/t Au over an estimated true width of 2.4 meters from 48 meters, including 105.0 g/t Au over an estimated true width of 0.8 meters from 50 meters Kassasoko DSR1054: 1.3 g/t Au over an estimated true width of 22.4 meters from 26 meters DSR1059: 1.4 g/t Au over an estimated true width of 12.0 meters from 25 meters An additional 17 infill drill holes, totaling 1,773 meters, were completed at Area D, Kassasoko, and Karakara. The program was designed to enhance resource confidence by targeting areas previously classified as Inferred Mineral Resources within the recently released updated Diamba Sud Mineral Resource.

Rente dekkingsratio	93x
Contant	US$675.82m
Aandelen	US$1.84b
Totaal verplichtingen	US$652.34m
Totaal activa	US$2.49b

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2026/06/29 17:19
Aandelenkoers aan het einde van de dag	2026/06/29 00:00
Inkomsten	2026/03/31
Jaarlijkse inkomsten	2025/12/31

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

Analist	Instelling
Heiko Ihle	Alliance Global Partners
Richard Gray	ATB Cormark Historical (Cormark Securities)
Kevin O'Halloran	BMO Capital Markets Equity Research

Fortuna Mining Balans Gezondheid

Financiële gezondheid criteriumcontroles 6/6

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