Project UpdateJun 15, 2026, 11:01 AM
Fortuna Mining gets environmental approval for Diamba Sud Gold Project
AI Summary
Fortuna Mining Corp. announced it has received the environmental decree from Senegal's Ministry of Environment and Ecological Transition for its Diamba Sud Gold Mine. This approval is a crucial step towards obtaining the mining permit, with the application already submitted. The company plans to continue early construction works and aims for a final construction decision by mid-2026, building on the project's robust economics outlined in a previous Preliminary Economic Assessment.
Key Highlights
- Fortuna Mining received environmental decree for Diamba Sud Gold Mine from Senegal's Ministry of Environment.
- The approval certifies compliance with environmental regulations and social acceptance by stakeholders.
- This is a decisive step towards obtaining the mining permit, applied for on February 4, 2026.
- The project's Preliminary Economic Assessment (PEA) outlined an after-tax IRR of 72% and NPV5% of US$563 million.
- Early construction works are underway, including camp construction and critical-path equipment orders.
- The 2026 project budget is US$100 million, with a final construction decision by mid-2026.
Price Impact
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