FORTUNA MINING CORP.

Fortuna Mining Corp. has announced the acquisition of the 190 km² Bambadji advanced gold exploration project in Senegal for US$200 million in cash. The project, purchased from Barrick Mining Corporation and IAMGOLD Corporation, is strategically located adjacent to Fortuna’s feasibility-stage Diamba Sud Gold Project, consolidating a significant prospective land package. Fortuna has also committed an initial US$8 million exploration budget for Bambadji for 2026, with drilling expected to begin in the third quarter.

Fortuna Mining Corp. reported strong financial results for the second quarter and first half of 2026. For Q2 2026, net income attributable to shareholders more than doubled to $75.5 million, with basic EPS rising to $0.25. The company also announced an investment in Awalé Resources Limited and an expansion of its Séguéla Plant, alongside significant share repurchases.

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.

Fortuna Mining Corp. has approved a 30% capacity expansion of its Séguéla Gold Mine in Côte d’Ivoire. The project will increase processing capacity from 1.75 Mtpa to 2.3 Mtpa, integrate the Sunbird underground mine, and is expected to boost average annual gold production to over 200,000 ounces for the next decade. The $109 million construction capital will be funded from operating cash flow, with a projected payback period of approximately 2.5 years.

Fortuna Mining Corp. has approved a significant expansion of its Séguéla Gold Mine in Côte d’Ivoire. The project will increase processing capacity by 30% to 2.3 Mtpa and is expected to boost average annual gold production to over 200,000 ounces for the next decade, with a projected payback period of 2.5 years. The $109 million construction capital will be funded from operating cash flow, supporting the company's goal of reaching 500,000 ounces of consolidated annual gold production by 2028.

Fortuna Mining Corp. announced it will release its second quarter 2026 financial statements and MD&A on Wednesday, August 5, 2026, after market close. A conference call to discuss these results is scheduled for Thursday, August 6, 2026, at 9:00 a.m. Pacific time, featuring key management including President and CEO Jorge A. Ganoza. Shareholders, analysts, and investors are invited to join the webcast or dial into the call.

Fortuna Mining Corp. announced the filing of a technical report for its Diamba Sud Gold Project in Senegal. This report, with an effective date of June 30, 2026, supports the results of the Feasibility Study previously announced on June 29, 2026. The Technical Report is accessible on the company's website, SEDAR+, and EDGAR.

Fortuna Mining Corp. has received consents from three Qualified Persons for the public filing of a Technical Report concerning its Diamba Sud Gold Project in Senegal. The report, effective June 30, 2026, details the project's technical aspects. The Qualified Persons also approved the inclusion of extracts or a summary of the report in a news release issued by the company on June 29, 2026, confirming its fair and accurate representation.

Fortuna Mining Corp. reported Q2 2026 production of 72,217 gold equivalent ounces (GEO), aligning with Q1 2026 and slightly exceeding Q2 2025. First-half production totaled 145,089 GEO, positioning the company to achieve its 2026 annual guidance. The company advanced key growth initiatives, including completing Séguéla process plant expansion studies and progressing the Diamba Sud Gold Project towards a final investment decision with robust feasibility study results. Fortuna also returned $80.2 million to shareholders through share repurchases, but regrettably reported a fatal accident at the Séguéla Mine.

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.