Reports Q2 Gold equivalent production – GEO – of 71,229 from continuing operations ounces2 in Q2. GEO production was 75,950 including discontinued operations. Jorge A. Ganoza, CEO, commented, “Fortuna completed the second quarter with liquidity of more than half a billion dollars. Our strong balance sheet positions the Company to pursue growth opportunities under our control including the guided production expansion at the Seguela Mine in 2026 and advancing to a construction decision at the Diamba Sud project in Senegal by the first half of 2026 following the completion of a PEA later this year. We delivered a total of 75,950 gold equivalent ounces1, keeping us firmly on track to meet annual production guidance. Higher realized gold prices in the quarter contributed to a record EBITDA1 margin of 55%. The higher consolidated AISC1 of $1,932 per ounce of gold in the quarter was primarily driven by the timing of capital expenditures and peak mine waste stripping at Seguela during the second quarter and into the third. These investments are critical to achieving our annual target of 160 to 180 thousand gold ounces in 2026. Looking into the second half of the year, we expect our mines to remain within annual AISC1 guidance. At Seguela, AISC1, is projected to trend higher through the year due to planned mine waste stripping to access higher-grade material, but the full-year average is expected to remain well within guidance. In contrast, Lindero’s AISC1, is expected to trend lower in the second half of the year as the leach pad expansion is now complete and peak stripping is behind us.”
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