Project UpdateJun 15, 2026, 05:01 AM
Fortuna Mining Gets Environmental Permit for Diamba Sud Gold Mine
AI Summary
Fortuna Mining Corp. announced it has received the environmental decree from Senegal's Ministry of Environment, approving the Environmental and Social Impact Assessment for its Diamba Sud Gold Mine. This authorization is a crucial step towards obtaining the mining permit, with the application submitted in February 2026. President and CEO Jorge A. Ganoza highlighted the timely approval as a testament to the project's quality and Senegal's commitment to mining development. The company plans to continue early construction works and aims for a final construction decision by mid-2026, supported by a US$100 million project budget for the year and robust PEA economics.
Key Highlights
- Fortuna Mining received environmental decree for Diamba Sud Gold Mine in Senegal.
- The decree approves the Environmental and Social Impact Assessment for the project.
- This is a decisive step towards obtaining the mining permit, applied for on February 4, 2026.
- Final construction decision for the Diamba Sud Gold Mine is anticipated by mid-2026.
- The 2026 project budget for Diamba Sud is US$100 million.
- Preliminary Economic Assessment (PEA) outlined an after-tax IRR of 72% and NPV5% of US$563 million.
Price Impact
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