Fortuna Mining Corp. Achieves Successful Yaramoko Mine Sale, Streamlines Asset Portfolio with Eyes on Future Growth

Fortuna Mining Corp. has just sold off its Yaramoko Mine, in a bold move that highlights the company’s strategic focus. Through this sale, Fortuna has seamlessly streamlined its asset portfolio, opening up unexplored avenues of growth for the future.

In a transaction with Soleil Resources International Ltd., a private company based in Mauritius, Fortuna transferred its interest in Roxgold Sanu SA, which operates Yaramoko Mine in Burkina Faso. As a part of the same deal, three of Fortuna’s wholly-owned subsidiaries, all based in Burkina Faso, were also sold off.

The sale, which transpired according to a definitive share purchase agreement, allows Fortuna to discontinue its operations in an area with challenging security and operating conditions. It also enables Fortuna to focus its resources elsewhere, exploiting higher-value opportunities which align better with the company’s strategic objectives.

The recent divestiture has added a significant boost to Fortuna’s first quarter liquidity, pushing its cash and short-term investment reserves to over $380 million and total liquidity to over $530 million. Looking forward, this strategic revision of resources opens the gateway for Fortuna’s further growth. This decisive strategic pivot is clearly reflected in the company’s updated 2025 production and cost guidance.