Fortuna Mining Corp. reported its financial and operating results for the second quarter of 2025, highlighting a record EBITDA margin of 55 percent and liquidity exceeding $500 million. The company's net cash position climbed to $214.8 million, providing a strong foundation for organic growth initiatives. Total gold equivalent ounces produced were 75,950, keeping Fortuna on track to meet its annual production guidance.
Adjusted attributable net income for the quarter was $44.7 million, or $0.15 per share, compared to $35.7 million, or $0.11 per share, in Q1 2025. This increase was primarily driven by higher realized gold prices, which averaged $3,306 per ounce, and increased gold sales volume. Free cash flow from ongoing operations was $57.4 million.
The divestment of the San Jose and Yaramoko mines generated $83.8 million in gross proceeds during the quarter, allowing Fortuna to reallocate approximately $50 million in capital and management focus towards higher-value opportunities. Consolidated All-in Sustaining Costs (AISC) temporarily rose to $1,932 per ounce due to timing of capital expenditures and peak waste stripping at Séguéla, but management expects full-year AISC to remain within guidance, with Lindero's AISC projected to trend lower in the second half of the year.
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