Fortuna Mining (FSM) Submits an Application for an Exploitation Permit for the Diamba Sud Gold Project to the Ministry of Energy, Petroleum, and Mines

Group 1: Company Developments - Fortuna Mining Corp. submitted an application for an exploitation permit for the Diamba Sud gold project on February 4, 2026, and is advancing early works and engineering at the site [2] - The company plans to publish an updated Mineral Resource estimate for Diamba Sud by the end of February 2026, which will support the feasibility study and a potential construction decision targeted for mid-2026 [2] - A Preliminary Economic Assessment completed in October 2025 demonstrated robust project economics for the Diamba Sud project [2] Group 2: Market Analysis and Forecasts - CIBC upgraded Fortuna Mining Corp. to Neutral from Underperformer on February 4, 2026, raising its price target to C$16 from C$9 [3] - The firm raised its gold price forecast to $6,000 per ounce in 2026, $6,500 per ounce in 2027, and $6,000 per ounce in 2028, citing sustained demand drivers and geopolitical uncertainty [3] Group 3: Company Overview - Fortuna Mining Corp. is engaged in precious and base metal mining with operations in multiple countries including Argentina, Burkina Faso, Côte d'Ivoire, Mexico, Peru, and Senegal [4] - The company operates several mines, including the Lindero gold mine, Yaramoko gold mine, Séguéla gold mine, San Jose silver-gold mine, and Caylloma silver, lead, and zinc mine [4]