Fortuna Mining Corp. reported record production for the full year 2024, achieving 369,637 ounces of gold and 3,724,945 ounces of silver, totaling 455,958 gold equivalent ounces. This performance sets a new benchmark for the company, reflecting strong operational execution across its five mines.
Looking ahead, Fortuna provided its 2025 consolidated production guidance, projecting between 334,000 and 373,000 ounces of gold and 0.9 to 1.0 million ounces of silver, or 380,000 to 422,000 gold equivalent ounces. The company anticipates its 2025 cash cost and All-in Sustaining Cost (AISC) to remain in line with 2024 figures, despite expected increases in stripping ratios at Lindero and Séguéla.
The Séguéla Mine in Côte d’Ivoire is a key growth driver, with a two-year guidance targeting 160,000 to 180,000 ounces of gold production in 2026 at an average head grade of 3.3 g/t Au. Séguéla's AISC is projected to improve to $1,260-$1,390 per ounce in 2026, down from $1,500-$1,600 per ounce in 2025. The Lindero Mine's leach pad expansion was 88% complete by year-end 2024, and its 14.5 MWh solar power plant project was 41% complete, expected to finish by Q3 2025.
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