{"id":1017354,"date":"2026-11-05T05:26:55","date_gmt":"2026-11-05T10:26:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fortuna-reports-results-for-the-third-quarter-2026\/"},"modified":"2026-11-05T05:26:55","modified_gmt":"2026-11-05T10:26:55","slug":"fortuna-reports-results-for-the-third-quarter-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fortuna-reports-results-for-the-third-quarter-2026\/","title":{"rendered":"Fortuna Reports Results for the Third Quarter 2026"},"content":{"rendered":"
\n

\n (All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated)<\/em>\n <\/p>\n

\n Fortuna Delivers Free Cash Flow From Operations of $90.8 million In The Third Quarter;
Positioned To Achieve Annual Production Guidance<\/strong>\n <\/p>\n

VANCOUVER, British Columbia, Nov. 04, 2026 (GLOBE NEWSWIRE) — Fortuna Mining Corp. <\/strong>(NYSE: FSM | TSX: FVI)<\/strong>(\u201cFortuna\u201d or the \u201cCompany\u201d) <\/strong>today reported its financial and operating results for the third quarter of 2026.
(Results from the Company\u2019s San Jose and Yaramoko assets have been excluded from the 2025 comparative figures as they were disposed of during the second quarter of 2025.)<\/sup><\/p>\n

Jorge Ganoza, CEO of Fortuna, commented, \u201cFortuna delivered 69,665 gold equivalent ounces in the quarter and remains on track to achieve our annual production guidance. Despite operational issues at S\u00e9gu\u00e9la contained within the quarter and lower metal prices, our business generated strong operating cash flow of $126.7 million before working capital changes and $90.8 million in free cash flow from operations. While AISC increased during the quarter and is tracking above guidance, it is primarily due to the impact of external factors, including share-based compensation and elevated diesel prices, together with a short disruption of operations in July at S\u00e9gu\u00e9la. We expect a strong end to the year with higher production and expanded margins as S\u00e9gu\u00e9la moves beyond the previous quarter\u2019s challenges and Lindero continues to perform.\u201d<\/p>\n

Mr. Ganoza continued \u201cWe achieved exciting milestones for our growth projects, that target 60% growth in our annual gold production from mid-2028, including a final investment decision for the S\u00e9gu\u00e9la Expansion and the issuance of the Diamba Sud Notice of Admissibility for our exploitation permit application, a key step before final grant of the permit. We also completed the acquisition of the Bambadji exploration project, immediately adjacent to our Diamba Sud project, allowing us to consolidate a highly prospective and large land package in one of the most productive gold belts in West Africa.\u201d<\/p>\n

\n Third Quarter Highlights<\/strong>\n <\/p>\n

\n Cash and Cash Flow<\/strong>\n <\/p>\n