Quarterly ResultAug 5, 2026, 09:23 PM
Fortuna Q2 Adj. EBITDA $200.8M; Production 72,217 oz; Growth Plans
AI Summary
Fortuna Mining Corp. reported strong Q2 2026 results with adjusted EBITDA of $200.8 million and adjusted attributable net income of $75.5 million ($0.25 EPS). The company generated $85.7 million in free cash flow and returned $82.1 million to shareholders through buybacks. Gold equivalent production reached 72,217 ounces, and the company advanced key growth projects, including the Diamba Sud Feasibility Study and a construction decision for the Séguéla Plant Expansion, aiming for 60% production growth. Management changes were also announced, with Luis Dario Ganoza becoming President and Kevin O’Reilly CFO.
Key Highlights
- Adjusted EBITDA was $200.8 million with a 63% margin in Q2 2026.
- Adjusted attributable net income was $75.5 million ($0.25 basic EPS).
- Free cash flow from ongoing operations was $85.7 million.
- Returned $82.1 million to shareholders via share buybacks in Q2 2026.
- Gold equivalent production was 72,217 ounces, on track for annual guidance.
- Consolidated AISC per GEO was $2,157, expected to trend down in H2.
- Approved Séguéla Plant Expansion and delivered Diamba Sud Feasibility Study.
- Luis Dario Ganoza promoted to President, Kevin O’Reilly to CFO, effective Sep 1.
Price Impact
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