Fortuna delivers production of 72,462 gold equivalent ounces for the third quarter of 2025

Executive Summary

• Fortuna Mining reported Q3 2025 consolidated gold‑equivalent production of 72,462 oz, marginally below the prior quarter but in line with its 2025 guidance range of 309–339 koz for the full year.
• All three operating mines (Séguéla (Côte d’Ivoire), Lindero (Argentina) and Caylloma (Peru)) delivered solid output; Séguéla and Lindero posted modest quarter‑over‑quarter increases, while Caylloma’s base‑metal production declined as planned.
• The company reaffirmed its 2025 annual production guidance and highlighted several operational milestones—including permit approvals for new satellite pits, tailings storage expansion, and the start of solar‑power plant construction.

Key Details

• Consolidated Q3 2025 Production
• Gold‑equivalent ounces (GEO): 72,462 oz (Q3 2024: 73,123 oz; Q2 2025: 71,229 oz)

• First‑nine‑months GEO total: 251,871 oz (guidance 309–339 koz for full year)

• Mine‑by‑Mine Production

• Séguéla Mine – Côte d’Ivoire

  • Gold production: 38,799 oz (Q3 2024: 38,186 oz)
  • Tonnes milled: 435,770 t (avg. 4,737 tpd)
  • Grade: 3.01 g/t Au; Recovery: 91.4 %
  • Permit approvals for Sunbird, Kingfisher, Badior satellite pits; mining prep at Sunbird to start Q4.
  • Tailings storage facility expansion completed – capacity through Aug 2029.

• Lindero Mine – Argentina

  • Gold production: 24,417 oz (Q3 2024: 23,550 oz)
  • Ore placed on leach pad: 1,699,007 t (avg. 5,000 tpd)
  • Grade: 0.60 g/t Au; Recovery: ~94 % (incl. doré, carbon, copper concentrate)
  • Crushing circuit throughput: 1,061 tph (8 % above 2024 average).

• Caylloma Mine – Peru

  • GEO production: 9,246 oz (down from 9,493 oz Q2 2025)
  • Silver production: 233,612 oz; Lead: 8.49 M lb; Zinc: 11.99 M lb
  • Grades: Ag 63 g/t, Pb 3.01 %, Zn 4.27 % (slight declines vs prior quarter, consistent with mining plan).

• Divested Operations

• Yaramoko Mine (Burkina Faso) production excluded from consolidated totals; last reported output was 4,721 oz in Q2 2025.

• Operational Highlights

• Total ore mined Q3 2025: 272,396 t (average 3.66 g/t Au).
• Waste moved: 4,433,994 t; strip ratio 16.3:1.
• New satellite pit permits obtained; drilling to continue Q4 on Sunbird UG and Kingfisher deposit.
• Communication towers relocated – mining at Sunbird open pit slated for Q4.

• Materials delivery begun for solar‑power plant construction.

• Guidance & Outlook

• Reiterated 2025 annual GEO production guidance: 309,000 – 339,000 oz.
• Management expects Séguéla to exceed the upper end of its guidance range and anticipates continued ramp‑up at Sunbird open pit in Q4.

Notable Quotes

“Our third‑quarter results demonstrate the resilience of our operating mines and reinforce confidence that we will meet, and potentially exceed, our full‑year production targets,” – Jorge A. Ganoza, President, CEO & Director, Fortuna Mining Corp.