Fortuna Mining updates mineral reserves, resources for Seguela Mine

Fortuna Mining (FSM) announced updated mineral reserves and mineral resources, excluding mineral reserves, for the Seguela Mine as of December 31, 2025. Mineral Reserves total 1.54M ounces of gold, reflecting the inclusion of 401,000 ounces of gold planned for underground mining at the Sunbird deposit. Total mineral reserves of 16M tons averaging 3.01 g/t Au, supporting a mine life of over nine years at the current mining rate of 1.75M tons per annum. Jorge Ganoza, president and CEO, commented, “Seguela’s mine life now exceeds 9 years at current production rates, with strong potential for further growth. This is supported by exploration drilling completed in the second half of 2025, the results of which have not yet been incorporated into our geological resource models.” Ganoza added, “Building on this exploration upside and our track record of resource and reserve growth, we have initiated a processing plant expansion study that has the potential to increase annual gold production to more than 200,000 ounces.”