Fortuna Mining's Q2 Gold Equivalent Production Rises Sequentially

Core Insights - Fortuna Mining Corp. (FSM) produced 71,229 gold equivalent ounces (GEO) in Q2 2025, a 0.2% decrease year-over-year but a 1.2% increase from Q1 2025. Gold production was 61,736 ounces, reflecting a 10.2% year-over-year increase [1][8] Group 1: Mine Performance - FSM completed the sale of its San Jose and Yaramoko mines in April and May 2025, respectively, and currently operates three mines [2] - The Séguéla mine in Côte d'Ivoire produced 38,186 ounces of gold in Q2 2025, down 1% from the previous quarter, with an expected annual production range of 134,000-147,000 ounces for 2025 [2] - The Lindero mine in Argentina saw a gold production of 23,550 ounces in Q2, up 16% sequentially, with an annual guidance of 93,000-105,000 ounces for 2025 [3] - The Caylloma mine in Peru produced 240,621 ounces of silver in Q2, slightly lower than the previous quarter's 242,993 ounces, with GEO output of 9,493 ounces, down from 11,566 ounces in Q1 2024 [3] Group 2: Production Guidance and Costs - Following the sale of the Yaramoko mine, FSM updated its 2025 production guidance to 309,000-339,000 ounces of gold equivalent, down from the previous range of 380,000-422,000 ounces, indicating an 18% year-over-year dip at the midpoint [5][8] - The all-in sustaining cost for 2025 is now expected to be between $1,670 and $1,765 per GEO, an increase from the prior estimate of $1,550 to $1,680, primarily due to the exclusion of the Yaramoko mine's contribution [6] Group 3: Stock Performance - FSM shares have increased by 21.3% over the past year, contrasting with a 0.1% decline in the industry [7]