Fortuna Mining Corp. sells San Jose Mine in Mexico for $2 million, focusing on higher value opportunities.

From GlobeNewswire: 2025-01-15 05:00:00

Fortuna Mining Corp. has agreed to sell its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. to Minas del Balsas S.A. de C.V for $2 million on closing, with potential for additional payments totaling up to $15 million. The sale includes a 1.0 percent net smelter royalty on production from the San Jose Mine concessions. The transaction is expected to be completed in the first quarter of 2025. Fortuna’s CEO, Jorge A. Ganoza, stated that the sale allows the company to focus on higher value opportunities within its portfolio. The San Jose Mine is set to begin a progressive closure process in early 2025.

Fortuna Mining Corp. is a Canadian precious metals mining company with operations in five countries and a commitment to sustainability. The company’s portfolio includes gold and silver mines as well as the Diamba Sud Gold Project in Senegal. The sale of its interest in the San Jose Mine will enable Fortuna to concentrate on creating shared value and responsible mining practices. For more information, visit Fortuna’s website.



Read more at GlobeNewswire: Fortuna announces sale of non-core San Jose Mine, Mexico