Fortuna boosts Diamba Sud gold resources by 73% to 1.25 million ounces

An update from Fortuna Mining Corp ( (TSE:FVI) ) is now available.

Fortuna Mining Corp reported a 73% increase in Indicated Mineral Resources at its Diamba Sud Gold Project in Senegal, bringing the total to 1.25 million ounces of gold at an average grade of 1.50 g/t. The update significantly boosts resource confidence, with 94% of total gold ounces now in the Indicated category, and underscores the project’s role in Fortuna’s long‑term production growth plans.

The first Indicated Mineral Resource estimate at the Southern Arc deposit confirms it as the largest discovery at Diamba Sud, hosting 367,000 ounces at 1.91 g/t and contributing heavily to the upgraded resource base. Fortuna is advancing technical work toward Mineral Reserve estimation and a feasibility study targeted for completion by the end of Q2 2026, while ongoing drilling at Southern Arc, Moungoundi, and new targets suggests further resource upside for stakeholders.

The most recent analyst rating on (TSE:FVI) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Fortuna Mining Corp stock, see the TSE:FVI Stock Forecast page.

Spark’s Take on TSE:FVI Stock

According to Spark, TipRanks’ AI Analyst, TSE:FVI is a Outperform.

Fortuna Mining Corp’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The company’s robust operational metrics and strategic growth initiatives further enhance its outlook. Technical analysis supports a positive trend, while valuation remains attractive.

To see Spark’s full report on TSE:FVI stock, click here.

More about Fortuna Mining Corp

Fortuna Mining Corp is a precious metals producer focused on gold, with operations and projects in West Africa and other regions. The company is pursuing a growth strategy centered on long‑life assets, including the Diamba Sud Gold Project in Senegal and an expansion of its Séguéla Mine, with the goal of lifting annual gold production above 500,000 ounces.

Average Trading Volume: 1,348,165

Technical Sentiment Signal: Buy

Current Market Cap: C$4.33B

See more data about FVI stock on TipRanks’ Stock Analysis page.