Fortuna Mining Corp. acquired the 190 km² Bambadji advanced gold exploration project in Senegal from Barrick Mining Corporation and IAMGOLD Corporation for US$200 million paid in cash from its treasury. The acquisition consolidates approximately 60 kilometers of prospective strike along the Senegal-Mali Shear Zone adjacent to Fortuna’s feasibility-stage Diamba Sud Gold Project, which hosts mineral reserves containing 1.15 million ounces of gold. Fortuna granted a 0.5 percent net smelter return royalty on the first 1.75 million ounces of gold produced from Bambadji Nord, split between Barrick and IAMGOLD. The company approved an initial US$8 million exploration budget for 2026 to drill 51,000 meters across eight priority targets starting in the third quarter. Fortuna Mining Corp. is a Canadian precious metals mining company operating mines and exploration projects in South America, Africa, and Guyana.

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.

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.

Fortuna Mining Corp. announced that it will release its second quarter 2026 financial statements and MD&A on August 5, 2026, after market close, followed by a conference call on August 6, 2026, at 12:00 p.m. Eastern time. Fortuna Mining Corp. is a Canadian precious metals mining company that produces gold and silver.

Fortuna Mining Corp. filed a NI 43-101 Technical Report regarding the Diamba Sud Gold Project located in the Kédougou Region of Senegal. The filing includes consents from the qualified persons involved in the report. The company operates in the mining industry and focuses on the exploration and production of gold.