From GlobeNewswire: 2025-05-07 20:02:00

Fortuna Mining Corp. reported record free cash flow of $111.3 million in the first quarter of 2025, with a 30% increase quarter over quarter. They also reported a quarter over quarter increase in net cash from operations before working capital of $138.1 million. Attributable net income from continuing operations was $61.7 million, a significant increase from the previous quarter. The company returned $4.2 million to shareholders through share repurchases. The company saw improvements in safety performance indicators but reported a fatal accident at the Séguéla Mine. Additionally, they announced the sale of the San Jose Mine and interest in the Yaramoko mine for $70 million.

In the first quarter of 2025, Fortuna’s Séguéla Mine produced 38,500 ounces of gold with an average head grade of 2.76 g/t Au, a 12% increase compared to the same period in 2024. Cash cost per gold ounce sold was $650, while all-in sustaining cash cost was $1,290. At the Yaramoko Mine, production was 33,073 ounces of gold with a higher cash cost of $1,059 per ounce. The Lindero Mine produced 20,320 ounces of gold with a cash cost of $1,147 per ounce. The Caylloma Mine in Peru produced 242,993 ounces of silver with a cash cost of $12.80 per ounce of silver equivalent sold.

Overall, Fortuna Mining Corp. reported strong financial and operational results for the first quarter of 2025, with improvements in free cash flow, profitability, and production across their mining operations. They also announced the sale of certain mines to reallocate capital and focus on higher-value opportunities aligning with their long-term strategy.



Read more at GlobeNewswire: Fortuna Reports Results for the First Quarter of 2025