Fortuna delivers production of 71,229 gold equivalent ounces from ongoing operations for the second quarter of 2025

Core Viewpoint - Fortuna Mining Corp. reported its production results for Q2 2025, highlighting a total consolidated gold equivalent ounces (GEO) production of 75,950 ounces, with ongoing operations contributing 71,229 ounces, and reaffirmed its annual production guidance for 2025 in the range of 309,000 to 339,000 GEO [1][3][4]. Production Highlights - Consolidated GEO production for the first half of 2025 totaled 179,409 ounces, including lead and zinc by-product credits [3]. - Ongoing operations in Q2 2025 produced 71,229 ounces of GEO, compared to 70,386 ounces in Q1 2025 [4]. - The Séguéla Mine in Côte d'Ivoire produced 38,186 ounces in Q2 2025, while Lindero Mine in Argentina produced 23,550 ounces, and Caylloma Mine in Peru produced 9,493 ounces [4][6]. Mine Performance - Séguéla Mine: - Q2 2025 production was 38,186 ounces with an average gold grade of 3.0 g/t, showing a slight decrease in ounces produced but an increase in grade compared to Q1 2025 [5][9]. - Year-to-date production reached 76,686 ounces, aligning with the upper end of annual guidance [10]. - Lindero Mine: - Produced 23,550 ounces in Q2 2025, a 16% increase from Q1 2025, driven by higher gold grade and more ore placed on the leach pad [15][16]. - Year-to-date production totaled 43,870 ounces [19]. - Caylloma Mine: - Produced 9,493 GEO in Q2 2025, maintaining consistent production levels with the previous quarter [20][22]. Divestitures - The sale of the Yaramoko Mine was completed in May 2025, with Q2 2025 production from this mine at 4,721 ounces [6][11]. - The divestiture of the San Jose Mine was completed in April 2025, and production from these divested operations is excluded from the current consolidated figures [6][7]. Operational Efficiency - Lindero Mine's photovoltaic plant generated 1 million kWh in June 2025, supplying 26% of its power demand and reducing diesel consumption by 286,300 liters, contributing to cost efficiency [17]. - The crushing plant capacity at Lindero was enhanced, achieving an average throughput of 1,050 tonnes per hour in Q2 2025, which is 11% above the 2024 average [18].