By Robb M. Stewart
Fortuna Mining continues to target a rise in production this year after growing output in the first quarter.
On guidance:
The Canadian precious-metals miner affirmed guidance for annual production of between 281,000 and 305,000 gold-equivalent ounces from its three mines in Ivory Coast, Argentina and Peru.
The company produced 279,207 gold-equivalent ounces last year, or 317,001 ounces including discontinued operations--in line with the 309,000-to-339,000 range it had forecast.
Fortuna, which has a goal of lifting output to 500,000 ounces, said processing-plant expansion studies at its Seguela operation in Ivory Coast re advancing according to plan and are expected to be completed in May. The company is evaluating an expansion scenario of about 28%, targeting between 2 million and 2.5 million metric tons a year.
On 1Q production:
Fortuna's production in the first quarter of this year totaled 72,872 gold equivalent ounces, up from 65,130 ounces the quarter before and 70,386 ounces in the first three months of 2025.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
April 09, 2026 08:01 ET (12:01 GMT)
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