Earnings ·
Fortuna Mining Corp. reported second quarter 2026 results with sales of $318.4 million and attributable net income…
FSMFortuna Mining Corp.
Fortuna Mining Corp. reported second quarter 2026 results with sales of $318.4 million and attributable net income from continuing operations of $75.5 million, or $0.25 per share. The company generated $85.7 million in free cash flow from ongoing operations and returned $82.1 million to shareholders via share buybacks. Management announced a final investment decision for the Séguéla Plant Expansion, an estimated $109 million project targeting over 200,000 ounces of annual gold production by H2 2028. Additionally, Fortuna acquired 5.7 million shares of Awalé Resources Limited for $3.4 million and delivered a feasibility study for the Diamba Sud gold project in Senegal. Executive promotions include Luis Dario Ganoza moving to President and Kevin O’Reilly becoming CFO effective September 1. The company operates precious metals mining assets in South America and West Africa.