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Fortuna Mining releases transcript of Q1 2026 financial and operational results call

PUBT·05/08/2026 14:40:43
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Fortuna Mining releases transcript of Q1 2026 financial and operational results call
  • Fortuna Mining discussed Q1 2026 results on May 7 with President, CEO and Director Jorge Ganoza, CFO Luis Ganoza, COO-West Africa David Whittle, COO-Latin America Cesar Velasco, and VP Investor Relations Carlos Baca.
  • Record sales of USD 342 million, adjusted net income of USD 111 million or USD 0.36 per share, adjusted EBITDA of USD 219 million, free cash flow from ongoing operations of USD 174 million; 72,900 gold equivalent ounces produced.
  • Management outlined plan for about 60% growth in annual gold production over next 24 months to about 0.5 million ounces, driven by Séguéla expansion in Côte d’Ivoire plus startup of Diamba Sud in Senegal; feasibility study for Diamba Sud and Séguéla expansion study expected to complete in May.
  • Diamba Sud environmental approval expected imminently, mining permit targeted for mid-2026; early works budget set at USD 100 million for 2026.
  • Quarter-end liquidity totaled USD 816 million including USD 493 million net cash; about USD 330 million of 2026 exploration and capital spending planned from internal cash flow; USD 40 million returned year-to-date via repurchase of 4,200,000 shares, with about USD 140 million of 2026 taxes weighted to Q2 and Q3.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortuna Mining Corp. published the original content used to generate this news brief on May 08, 2026, and is solely responsible for the information contained therein.