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Fortuna responds to recent media reports concerning Burkina Faso
FortunaFortuna(US:FSM) GlobeNewswire News Room·2024-10-07 16:39

Core Insights - Fortuna Mining Corp. provided an operational update regarding the Yaramoko Mine in Burkina Faso, confirming compliance with local laws and ongoing operations despite recent political comments about mining permits [2][3] Group 1: Company Operations - The Yaramoko Mine has been operational since 2016 and achieved a significant milestone of one million ounces of gold poured on May 19, 2024 [3] - Yaramoko is projected to contribute approximately 25% of Fortuna's gold equivalent ounces in 2024, aligning with the company's production guidance of 457 to 497 thousand ounces of gold equivalent [3] Group 2: Regulatory Environment - Following comments from Burkina Faso's President Ibrahim Traoré regarding potential withdrawal of mining permits, Fortuna sought clarification and confirmed that the government has no plans to revoke permits that comply with local laws [2]