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Fortuna Mining Corp. approved a $109 million capital expansion of its Séguéla Gold Mine in Côte d’Ivoire to increase…
FSMFortuna Mining Corp.
Fortuna Mining Corp. approved a $109 million capital expansion of its Séguéla Gold Mine in Côte d’Ivoire to increase processing capacity by 30%, from 1.75 Mtpa to 2.3 Mtpa. The project upgrades the milling circuit, adds gravity and leaching enhancements to target 94.5% gold recovery, and integrates the Sunbird underground mine. Construction begins in H2 2026, with underground mining starting Q2 2027 and expanded throughput targeted for H2 2028. The expansion is expected to support average annual production of over 200,000 ounces and deliver a payback period of approximately 2.5 years, funded by operating cash flow and supported by $800 million in liquidity as of Q1 2026. Fortuna Mining Corp. operates in the gold mining industry.