
Core Viewpoint - Fortuna Mining Corp. has successfully completed the sale of its interest in Roxgold Sanu SA and three other subsidiaries in Burkina Faso to Soleil Resources International Ltd. for $70 million in cash, marking a strategic shift in the company's asset portfolio amidst a strong gold market [1][2][3]. Transaction Details - The transaction involved the acquisition of all issued and outstanding shares of the acquired companies for $70 million in cash. Prior to closing, Roxgold Sanu paid a cash dividend of $53.8 million to Fortuna, along with $3.7 million in withholding tax. Fortuna also has the right to receive up to approximately $53 million in value-added tax receivables upon meeting certain conditions [3]. Financial Impact - Following the sale, Fortuna's cash and short-term investments increased to over $380 million, with total liquidity exceeding $530 million. The divestiture allows the company to reallocate approximately $50 million in capital and management resources towards higher-value opportunities [2]. Production and Cost Guidance Update - The company has updated its 2025 gold equivalent production guidance to a range of 309,000 to 339,000 ounces, reflecting an 18% reduction at the midpoint from the previous range of 380,000 to 422,000 ounces. The all-in sustaining cost (AISC) guidance has been revised to $1,670 to $1,765 per gold equivalent ounce, indicating a 6% increase over the midpoint of the original guidance [5][6]. Mine-Specific Guidance - The updated production and AISC guidance by mine for 2025 includes: - Caylloma, Peru: 3,670 – 4,080 ounces, AISC unchanged at $21.7 - $24.7 - Séguéla, Côte d'Ivoire: 134 - 147 ounces, AISC unchanged at $1,500 - $1,600 - Lindero, Argentina: 93 - 105 ounces, AISC updated to $1,600 - $1,720 - Yaramoko, Burkina Faso: Updated to 38 ounces, AISC updated to $1,410 [6][7]. Operational Changes - The company has ceased all operations in Burkina Faso as part of its strategic realignment [4].