Buoyant Gold Production Keeps Fortuna Mining Corp. in a Promising Position for 2025

Fortuna Mining Corp., a key player in the industrial metal market, has reported a robust production of 103,459 gold equivalent ounces for the first quarter of 2025. This strong start to the year includes production from all four of its operating mines located in West Africa and Latin America.

While the figures suggest a minor decrease from Q1 and Q4 2024, which saw gold equivalent production of 112,543 and 116,358 ounces respectively, the firm’s productivity remains commendably solid. Particularly contributing to the Q1 2025 output is the gold production of 91,893 ounces, up from 89,678 ounces in Q1 2024.

The first quarter of 2025 saw the successful completion of the Lindero leach pad expansion project, another feather in Fortuna’s cap. It was delivered on time and within budget at a total cost of $51.8 million, promising sufficient capacity for an additional 10 years of production.

Guidance for 2025 annual production is positive, with ranges of 334,000 to 373,000 ounces of gold and between 380,000 and 422,000 of gold equivalent ounces predicted, inclusive of lead and zinc by-products. This prediction underscores the company’s confidence in its future performance and potential.

Individual contributions from the operating mines also show encouraging trends. The Séguéla Mine in Côte d’Ivoire, for instance, maintained strong production. Other mines such as the one in Burkina Faso, also showed promising results despite minor fluctuations.

This performance in Q1 2025 puts Fortuna Mining Corp. in a promising spot as it navigates market conditions and strives towards its ambitious 2025 targets.