Fortuna Mining Boosts Séguéla Mine Gold Reserves by 31%, Extends Mine Life to Over 9 Years

summarizeSummary

Fortuna Mining announced a significant 31% increase in gold reserves at its Séguéla Mine, extending its operational life to over nine years and initiating a study for plant expansion to boost annual production.

check_boxKey Events

• Significant Reserve Growth

  Total Mineral Reserves at the Séguéla Mine increased by 31% to 1.54 million ounces of gold as of December 31, 2025.

• Extended Mine Life

  The updated reserves extend the Séguéla Mine's operational life to over 9 years at current production rates.

• New Underground Reserves

  The company reported a first-time estimation of underground Mineral Reserves at the Sunbird deposit, adding 401,000 ounces of gold.

• Plant Expansion Study Initiated

  Fortuna has commenced a study to expand the processing plant capacity by approximately 25%, aiming to increase annual gold production to over 200,000 ounces.

auto_awesomeAnalysis

This filing reports a substantial increase in gold reserves at Fortuna Mining's Séguéla Mine, a key operational asset. The 31% growth in contained gold ounces, coupled with the extension of the mine's life to over nine years, significantly enhances the long-term production profile and intrinsic value of the asset. The first-time estimation of underground reserves at the Sunbird deposit further diversifies the mine's resource base. Additionally, the initiation of a processing plant expansion study signals management's confidence in future production growth, with potential to exceed 200,000 ounces annually. This update provides a strong positive signal regarding the company's operational strength and future prospects.