Core Insights - Fortuna Mining Corp. has reported successful exploration drilling results at the Sunbird Deposit, located at the Séguéla Mine in Côte d'Ivoire, indicating potential for resource growth and mine life extension [1][2]. Drilling Results - Recent drilling has extended high-grade mineralization at depth, confirming the development of a second underground shoot [1][2]. - Significant intersections include: - 5.2 g/t Au over an estimated true width of 6.3 meters from 787 meters in drill hole SGRD2460 [2]. - 6.0 g/t Au over an estimated true width of 11.9 meters from 669 meters in drill hole SGRD2461 [2][5]. - 7.3 g/t Au over an estimated true width of 16.1 meters from 688 meters in drill hole SGRD2434 [3]. - 19.2 g/t Au over an estimated true width of 1.4 meters from 688 meters in drill hole SGRD2434 [3]. - 57.9 g/t Au over an estimated true width of 0.7 meters from 702 meters in drill hole SGRD2434 [3]. - A total of 40 drill holes, totaling 15,088 meters, have been completed as part of the underground resource confidence infill and extension program [3][4]. Mineralization Potential - The mineralization remains open at depth and along strike, with ongoing drilling expected to continue through the end of 2025 [6]. - The main shoot's mineralization now extends more than 1.3 kilometers down plunge, approximately 700 meters below the surface [4]. - The second high-grade shoot has been identified extending at least 900 meters down plunge from the pit base [5]. Future Plans - An underground study has been initiated to further assess the high-grade strike defined below Sunbird, with five drill rigs continuing to advance drilling efforts [2][4].

Core Viewpoint - Fortuna Mining Corp. has reported successful exploration drilling results at the Sunbird Deposit in Côte d'Ivoire, indicating potential for resource growth and mine life extension through the discovery of high-grade mineralization at depth and the development of a second underground shoot [1][2]. Exploration Results - Recent drilling has extended the central mineralized zone by 150 meters down plunge, with significant intersections including 5.2 g/t Au over 6.3 meters from 787 meters in drill hole SGRD2460 [2][4]. - The lower shoot has been extended by 200 meters down plunge, with highlights including 6.0 g/t Au over 11.9 meters from 669 meters in drill hole SGRD2461 [2][5]. - A total of 40 drill holes, amounting to 15,088 meters, have been completed as part of the underground resource confidence infill and extension program [3]. High-Grade Intersections - Notable drill results include: - SGRD2434: 7.3 g/t Au over 16.1 meters from 688 meters, including 19.2 g/t Au over 1.4 meters [3]. - SGRD2444: 8.3 g/t Au over 11.9 meters from 448 meters [3]. - SGRD2452: 9.0 g/t Au over 5.6 meters from 658 meters, including 25.0 g/t Au over 1.4 meters [3]. - SGRD2460: 5.2 g/t Au over 6.3 meters from 787 meters [4]. - SGRD2461: 6.0 g/t Au over 11.9 meters from 669 meters [5]. - SGRD2470: 15.6 g/t Au over 5.6 meters from 483 meters [3]. Future Plans - The company has initiated an underground study to further assess the high-grade mineralization, with five drill rigs continuing to advance drilling aimed at expanding the mineralized envelope [2][5].

Group 1 - Fortuna Mining (FSM) is a notable stock in the Basic Materials sector, currently outperforming its peers with a year-to-date gain of approximately 90.2%, compared to the sector average of 23.4% [4] - FSM holds a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 2% increase in the consensus estimate for full-year earnings over the past three months [3] - The Mining - Miscellaneous industry, which includes FSM, has an average gain of 27.8% this year, further highlighting FSM's strong performance within its specific industry [6] Group 2 - Integra Resources Corp. (ITRG) is another stock in the Basic Materials sector that has shown exceptional performance, with a year-to-date return of 232.2% [4] - ITRG also holds a Zacks Rank of 2 (Buy), with a significant 55.9% increase in the consensus EPS estimate over the past three months [5] - Both Fortuna Mining and Integra Resources Corp. are recommended for investors interested in Basic Materials stocks due to their solid performance [7]

Core Points - Fortuna Mining Corp. will release its financial statements and MD&A for Q3 2025 on November 5, 2025, after market close [1] - A conference call to discuss the results will take place on November 6, 2025, at 9:00 a.m. Pacific time [2] - The call will be hosted by key executives including the President and CEO, CFO, and COOs for Latin America and West Africa [2] Conference Call Details - Date: November 6, 2025 [4] - Time: 9:00 a.m. Pacific time | 12:00 p.m. Eastern time [4] - Dial-in numbers: Toll-Free +1.888.506.0062, International +1.973.528.0011 [4] - Access code for the call: 360013 [4] - Replay options available until November 20, 2025, for the call and until November 6, 2026, for the webcast [4] Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in Argentina, Côte d'Ivoire, Mexico, and Peru, and a gold project in Senegal [5] - The company focuses on sustainability, producing gold and silver while emphasizing environmental stewardship and social responsibility [5]

Core Insights - Fortuna Mining Corp. has released a Preliminary Economic Assessment (PEA) for the Diamba Sud Gold Project in Senegal, indicating strong project economics with a gold price of $2,750 per ounce, resulting in an after-tax NPV5% of $563 million and an IRR of 72% [2][30][41]. Project Overview - The PEA supports the development of an open-pit mine and a conventional carbon-in-leach (CIL) processing plant, projecting an average annual production of 147,000 ounces of gold in the first three years at an All-In Sustaining Cost (AISC) of $904 per ounce [2][5][30]. - The total mineralized material mined is estimated at 17.75 million tonnes, containing 932,000 ounces of gold, with a life of mine (LOM) of 8.1 years [5][10]. Financial Metrics - The construction capital cost is estimated at approximately $283.2 million, with a payback period of ten months [3][30]. - Average operating cash costs over the LOM are projected at $1,081 per ounce, with AISC averaging $1,238 per ounce [6][30]. Exploration and Development - Ongoing exploration is expected to enhance the LOM production profile beyond a decade, with five drill rigs currently active [4][8]. - A supplementary budget of $17 million has been approved to advance early construction works and detailed engineering activities [4][40]. Environmental and Permitting - Fortuna has filed an Environmental and Social Impact Assessment (ESIA) as part of the permitting process, marking a significant milestone [38]. - The company anticipates applying for an exploitation permit before the expiration of its exploration permit in June 2026 [39]. Next Steps - The Definitive Feasibility Study (DFS) is expected to be completed by the end of the second quarter of 2026, with a construction decision anticipated shortly thereafter [41][42].

Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2] - Fortuna Mining (FSM) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3][12] Price Performance - FSM shares have increased by 3% over the past week, while the Zacks Mining - Miscellaneous industry has risen by 3.45% [6] - Over the past month, FSM's price change is 6.17%, compared to the industry's 19.69% [6] - In the last quarter, FSM shares have risen by 39.41%, and by 90.43% over the past year, significantly outperforming the S&P 500, which increased by 7.89% and 17.66% respectively [7] Trading Volume - FSM's average 20-day trading volume is 24,859,964 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Estimates - In the past two months, two earnings estimates for FSM have been revised upwards, with the consensus estimate increasing from $0.69 to $0.79 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [10] Overall Assessment - FSM is rated as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for investors seeking momentum opportunities [12]

Core Viewpoint - Fortuna Mining Corp. reported its production results for Q3 2025, maintaining its annual production guidance of 309,000 to 339,000 gold equivalent ounces (GEO) for the year [2][3]. Q3 2025 Highlights - Total GEO production from ongoing operations was 72,462 ounces, slightly down from 75,950 ounces in Q2 2025 [3]. - The company produced 251,871 ounces of GEO in the first nine months of 2025 [3]. Production by Mine Séguéla Mine, Côte d'Ivoire - Q3 2025 production was 38,799 ounces, up from 38,186 ounces in Q2 2025, with a gold grade of 3.01 g/t [4][9]. - The mine is on track to exceed the upper end of its guidance of 134,000 to 147,000 ounces for 2025, having produced 115,484 ounces year-to-date [4][11]. Lindero Mine, Argentina - Lindero achieved its highest quarterly production of the year with 24,417 ounces in Q3 2025, a 4% increase from Q2 2025 [12][15]. - The average gold grade increased to 0.60 g/t, and a total of 1.70 million tonnes of ore were placed on the leach pad [12][15]. Caylloma Mine, Peru - Caylloma produced 9,246 ounces of GEO in Q3 2025, with silver production at 233,612 ounces and lead and zinc production at 8.5 million and 12.0 million pounds, respectively [18][21][25]. - The mine's performance was consistent with the previous quarter, although base metal production saw a decline [21]. Operational Updates - The company successfully obtained permit approvals for several satellite open pits, with mining preparation for the Sunbird open pit set to begin in Q4 2025 [7]. - Exploration activities at the Sunbird underground project and Kingfisher Deposit are ongoing, with drilling expected to continue in Q4 2025 [8]. Year-to-Date Production - Total production for the first nine months of 2025 includes 115,484 ounces from Séguéla, 68,288 ounces from Lindero, and 30,305 ounces from Caylloma [11][17][25].

Core Insights - Fortuna Mining Corp. reported its production results for Q3 2025, maintaining its annual production guidance of 309,000 to 339,000 gold equivalent ounces (GEO) for the year [2][3]. Production Results - Total GEO production for Q3 2025 was 72,462 ounces, slightly down from 73,123 ounces in Q3 2024 and up from 71,229 ounces in Q2 2025 [6]. - The total production for the first nine months of 2025 reached 251,871 ounces, including contributions from the divested Yaramoko Mine [3][6]. Mine Performance Séguéla Mine, Côte d'Ivoire - Produced 38,799 ounces of gold in Q3 2025, a 1% increase from Q2 2025 [4][8]. - The mine milled 435,770 tonnes of ore at an average grade of 3.01 g/t Au, with a gold recovery rate of 91.4% [4][8]. - Year-to-date production reached 115,484 ounces, on track to exceed the upper end of guidance [4][8]. Lindero Mine, Argentina - Achieved the highest quarterly production of the year with 24,417 ounces of gold in Q3 2025, a 4% increase from Q2 2025 [9][10]. - The mine placed 1.70 million tonnes of ore on the leach pad at an average grade of 0.60 g/t Au [9][10]. - Total production for the first nine months of 2025 was 68,288 ounces [12]. Caylloma Mine, Peru - Produced 9,246 GEO in Q3 2025, with silver production at 233,612 ounces and lead and zinc production at 8.5 million and 12.0 million pounds, respectively [13][16]. - The mine milled 140,523 tonnes of ore with a silver grade of 63 g/t and a lead grade of 3.01% [13][15]. - Year-to-date GEO production totaled 30,305 ounces [18]. Project Updates - The company received permit approvals for several satellite open pits, with mining preparation for the Sunbird open pit set to begin in Q4 2025 [5]. - Successful exploration at the Sunbird underground project and Kingfisher Deposit is expected to optimize the mine plan further [7]. Operational Efficiency - The Séguéla Mine's strip ratio was reported at 16.3:1, indicating a focus on reducing surface stockpiles [4]. - Lindero's optimization of the crushing circuit led to an average throughput of 1,061 tonnes per hour, 8% above the 2024 average [10][11]. Sustainability and Future Plans - The expansion of the tailings storage facility at Lindero is expected to provide capacity until August 2029 [11]. - The company is also progressing on the construction of a solar power plant to enhance sustainability [11].

Core Insights - Fortuna Mining Corp. has filed an Environmental and Social Impact Assessment (ESIA) for the Diamba Sud Gold Project, marking a significant milestone in the permitting process and demonstrating the company's commitment to advancing the project towards a construction decision in the first half of 2026 [1][2] Environmental and Social Impact Assessment - The ESIA submission is essential for obtaining an environmental permit, which is part of the overall permitting process for project development [4] - The ESIA addresses key environmental and social considerations related to the Diamba Sud project, including public consultation and proposed mitigation plans [6][7] Preliminary Economic Assessment (PEA) Status - Fortuna is progressing with the PEA for Diamba Sud, which will provide insights into the project's potential economics and development alternatives, with completion expected in early Q4 2025 [4][6] - A Definitive Feasibility Study (DFS) will follow the PEA in the first half of 2026, incorporating results from the ESIA and ongoing drilling activities [4][6] Drilling Program Update - The company has completed a total of 52,110 meters of drilling in 2025, focusing on resource expansion, infill drilling, and testing new targets identified through recent surveys [5][6] - The drilling program has led to a mineral resource expansion of 53% in Measured and Indicated categories and 93% in Inferred categories [6] - Drilling is set to resume in October after the rainy season, with plans to continue until year-end [6][8] Community and Stakeholder Engagement - The company emphasizes regular engagement with local communities and stakeholders to integrate feedback into project design and planning [7] - Environmental and social management plans are in place to mitigate impacts and enhance local benefits, including various community programs [7]

Core Insights - Fortuna Mining Corp. has filed an Environmental and Social Impact Assessment (ESIA) for the Diamba Sud Gold Project, marking a significant milestone in the permitting process and demonstrating the company's commitment to advancing the project towards a construction decision in the first half of 2026 [1][2] Environmental and Social Impact Assessment - The ESIA submission is essential for obtaining an environmental permit, which is part of the overall permitting process for project development [4] - The ESIA addresses key environmental and social considerations, including project description, benefits for Senegal, regulatory framework, baseline studies, public consultation, impact assessment, and proposed mitigation plans [6][7] Preliminary Economic Assessment (PEA) Status - Fortuna is progressing with the PEA for Diamba Sud, which will provide insights into the project's potential economics and development alternatives, with completion expected in early Q4 2025 [4][6] - A Definitive Feasibility Study (DFS) will follow the PEA in the first half of 2026, incorporating results from the ESIA and ongoing drilling activities [4][6] Drilling Program Update - The company has completed 52,110 meters of drilling in 2025, leading to a 53% increase in Measured and Indicated resources and a 93% increase in Inferred resources [6][8] - Drilling is set to resume in October after the rainy season, focusing on testing extensions of open mineralization and advancing project generation across Diamba Sud and the contiguous Bondala exploration property [6][9][10] Recent Highlights - A maiden Inferred Mineral Resource at Southern Arc has been delineated, totaling 3.85 million tons at an average gold grade of 1.57 g/t, containing 194,000 ounces of gold, with further drilling planned to test extensions [9]