Fortuna intersects 6.0 g/t gold over 24.1 meters at Southern Arc, Diamba Sud Project, Senegal
Fortuna Transforms into Gold Growth Engine as Diamba Sud Resource Surges 73%
The most recent news release (February 25, 2026) reports high-grade drilling results from the Southern Arc deposit at the Diamba Sud Gold Project in Senegal. Highlights include 6.0 g/t Au over 24.1 meters and 10.1 g/t Au over 12.1 meters. This follows a major update on February 19, 2026, where the company announced a 73% increase in Indicated Mineral Resources at Diamba Sud to 1.25 million ounces of gold. Concurrently, the company reported record FY 2025 free cash flow of $330 million and a net cash position of $381.5 million.
The impact is Material - Positive. The 73% increase in Indicated Resources at Diamba Sud significantly de-risks the project ahead of the Feasibility Study due in Q2 2026. - Resource Quality: 94% of the total gold ounces at Diamba Sud are now in the Indicated category, providing a solid foundation for reserve conversion. - Operational Strength: The company achieved its 2025 production guidance (317,001 GEO) despite divesting non-core assets (San Jose and Yaramoko), proving management's ability to streamline the portfolio without losing operational momentum. - Financial Fortress: Record free cash flow and a massive liquidity cushion ($704 million) mean the company can fully fund the construction of Diamba Sud and the Séguéla expansion without equity dilution.
Fortuna Mining Corp. is a precious metals producer with operating mines in Argentina (Lindero), Peru (Caylloma), and Côte d'Ivoire (Séguéla). - Flagship Project: Séguéla Mine (Côte d'Ivoire). It is the company's lowest-cost asset (AISC ~$1,560/oz in 2025) and is currently undergoing studies to expand production beyond 200,000 oz/year. - Growth Project: Diamba Sud (Senegal). Targeted for a construction decision in mid-2026, with a PEA showing a 72% IRR at $2,750 gold.