Core Viewpoint - Fortuna Mining Corp. has initiated a Processing Plant Expansion Options Study for the Séguéla mine in Côte d'Ivoire, aiming to enhance production capacity and capitalize on exploration successes [1][3][4]. Group 1: Expansion Study Details - Lycopodium Minerals Canada Ltd. has been selected to conduct the expansion study, reflecting Fortuna's confidence in their expertise and understanding of the Séguéla project [1][3][5]. - The study will assess options to increase the processing plant's throughput from the current capacity of 1.75 million tonnes per annum (Mtpa) to between 2.0 and 2.5 Mtpa, targeting over 200,000 ounces of gold production annually [4][5]. - The study is set to commence immediately, with completion expected in the second quarter of 2026 [6]. Group 2: Strategic Objectives - The expansion initiative aligns with Fortuna's strategic goal to maximize value from the Séguéla Mine and accommodate resource growth, including potential underground mineralization from the Sunbird deposit [4][9]. - The company aims to achieve approximately 500,000 ounces of annual gold equivalent production within the next three years, supported by ongoing projects like the Diamba Sud Gold Project in Senegal [3][4]. Group 3: Company Background - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in Argentina, Côte d'Ivoire, Mexico, and Peru, focusing on sustainable practices and stakeholder relationships [8]. - The company recently reported an extension of the reserve life of the Séguéla mine to 7.5 years and is working on converting significant mineral resources into reserves [9].

Core Insights - Fortuna Mining Corp. has selected Lycopodium Minerals Canada Ltd. to conduct a Processing Plant Expansion Options Study for the Séguéla mine, marking a significant step in the company's growth strategy in Côte d'Ivoire [1][3][4] Group 1: Expansion Study Details - The Study aims to evaluate cost-effective solutions to increase the processing plant's throughput from its current capacity of 1.75 million tonnes per annum (Mtpa) to between 2.0 and 2.5 Mtpa, targeting over 200,000 ounces of gold production annually [4][5] - The completion of the Study is scheduled for the second quarter of 2026, with immediate commencement [6] Group 2: Strategic Objectives - The expansion initiative aligns with Fortuna's strategic goal to maximize value from the Séguéla Mine and accommodate resource growth, including potential underground mineralization from the Sunbird deposit [4][9] - The company aims to achieve approximately 500,000 ounces of annual gold equivalent production within the next three years [3][9] Group 3: Company Background - Fortuna Mining Corp. operates three mines and has a portfolio of exploration projects across multiple countries, including Argentina, Côte d'Ivoire, Mexico, and Peru, with a focus on sustainability and long-term value creation [8]