Fortuna reports solid production of 103,459 gold equivalent ounces for the first quarter of 2025

Core Viewpoint - Fortuna Mining Corp. reported its production results for Q1 2025, maintaining its annual production guidance for gold and silver while highlighting operational performance across its mines in West Africa and Latin America [1][3]. Q1 2025 Highlights - The company reiterated its 2025 annual production guidance of 334,000 to 373,000 ounces of gold and 0.9 to 1.0 million ounces of silver, translating to 380,000 to 422,000 gold equivalent ounces (GEOs) [3]. - Total GEO production for Q1 2025 was 103,459 ounces, a decrease from 112,543 ounces in Q1 2024 and 116,358 ounces in Q4 2024 [6]. Production by Mine West Africa Region - Séguéla Mine, Côte d'Ivoire: Produced 38,500 ounces of gold with a gold grade of 2.76 g/t, showing a 9% increase in production compared to Q4 2024 [5][9]. - Yaramoko Mine, Burkina Faso: Achieved gold production of 33,073 ounces at an average grade of 7.81 g/t, a 12% increase in production despite a 15% decrease in grade [10][11]. Latin America Region - Lindero Mine, Argentina: Produced 20,320 ounces of gold, a 24% decrease from Q4 2024, attributed to lower ore grades and timing in leaching [13][15]. - Caylloma Mine, Peru: Produced 242,993 ounces of silver and 11,566 ounces of gold equivalent, maintaining consistent production levels compared to the previous quarter [17][19]. Operational Developments - The Lindero leach pad expansion project was completed on time and within budget at a cost of $51.8 million, expected to support production for an additional 10 years [6][16]. - Resource upgrade drilling and project studies are ongoing at the Kingfisher and Sunbird underground deposits, aiming for integration into the life of mine plan later this year [8].