Quarterly UpdatesJul 9, 2026, 05:01 AM
Fortuna Mining Q2 Production 72,217 GEO; Diamba Sud NPV $1B
AI Summary
Fortuna Mining Corp. reported Q2 2026 production of 72,217 gold equivalent ounces (GEO), bringing first-half production to 145,089 GEO and positioning the company to meet its annual guidance. Growth initiatives are progressing, with Séguéla process plant expansion studies completed and the Diamba Sud Gold Project advancing towards a final investment decision after a robust feasibility study. The company returned $80.2 million to shareholders through share repurchases in Q2. However, the report also noted a fatal accident involving a contractor employee at the Séguéla Mine.
Key Highlights
- Q2 2026 production totaled 72,217 gold equivalent ounces (GEO), broadly in line with Q1 2026 and slightly above Q2 2025.
- First-half production reached 145,089 GEO, on track for annual guidance of 281,000 to 305,000 GEO.
- Séguéla process plant expansion studies completed, proposing capacity increase to 2.3 million tonnes per annum at an estimated cost of $100 million.
- Diamba Sud Gold Project feasibility study highlighted an after-tax NPV5% of $1.0 billion and an IRR of 60% at $3,500/oz gold.
- Fortuna returned $80.2 million to shareholders by repurchasing 8.6 million common shares at an average price of $9.32 per share in Q2 2026.
- Lindero Mine produced 20,829 ounces of gold in Q2, with improved mechanical availability expected to drive stronger H2 production.
- Caylloma Mine produced 9,705 GEO in Q2, with tailings storage facility No. 3 expansion 28% complete.
Price Impact
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