Fortuna Mining Corp. (Fortuna) is engaged in precious and base metals mining and related activities in Latin America and West Africa, including exploration, extraction, and processing. The company’s principal products are gold and silver, although it also produces and sells lead and zinc.
As at December 31, 2024, Fortuna operated the Lindero open pit gold mine (the ‘Lindero Mine’) (100% ownership) in northern Argentina; the Yaramoko underground gold mine (the ‘Yaramoko Mine’) (90% ownership) in...
Fortuna Mining Corp. (Fortuna) is engaged in precious and base metals mining and related activities in Latin America and West Africa, including exploration, extraction, and processing. The company’s principal products are gold and silver, although it also produces and sells lead and zinc.
As at December 31, 2024, Fortuna operated the Lindero open pit gold mine (the ‘Lindero Mine’) (100% ownership) in northern Argentina; the Yaramoko underground gold mine (the ‘Yaramoko Mine’) (90% ownership) in southwestern Burkina Faso; the underground Caylloma silver, lead and zinc mine (the ‘Caylloma Mine’) (100% ownership) in southern Peru, and the Séguéla open pit gold mine (the ‘Séguéla Mine’) (90% ownership) in northwestern Côte d’Ivoire. Also as at December 31, 2024, Fortuna operated the underground San Jose silver and gold mine (the ‘San Jose Mine’) in southern Mexico.
The company also has various Greenfields exploration properties at different stages of development in Côte d’Ivoire, Mexico, and Senegal.
Material Mineral Properties
The company has four material mineral properties:
Seguela Mine: The mine produces gold and is located in the Region of Worodougou in northwestern CÔte d’Ivoire. The mine produced 137,781 ounces of gold in 2024.
Yaramoko Mine: The mine produces gold and is located in the Province of Bale in southwestern Burkina Faso. The mine produced 116,206 ounces of gold in 2024.
Lindero Mine: The mine produces gold and is located in the Province of Salta, northern Argentina. The mine produced 97,287 ounces of gold in 2024.
Caylloma Mine: The mine produces silver, zinc and lead and is located in the Caylloma District of Arequipa in southern Peru. The mine produced 1,176,543 ounces of silver, 51,905,635 million pounds of zinc and 39,555,339 million pounds of lead in 2024.
Non-Material Mineral Properties
Diamba Sud Project
The 53.4 km2 Diamba Sud Project is situated within the highly prospective Senegal-Mali Shear Zone orogenic belt in Senegal and is associated with north north-east trending fertile splays. The Diamba Sud Project is owned by Boya SA, which is an indirect wholly-owned subsidiary of Fortuna that was acquired in September 2023 pursuant to the Chesser Acquisition.
2025 Recent Developments
The San Jose Mine was placed on care and maintenance on December 24, 2024, as the company decided to enter into a strategic process to divest of this non-core asset. On January 15, 2025, the company announced that it had entered into a binding agreement with Minas del Balsas S.A. de C.V. (‘MdB’), a private Mexican company, for the sale of the San Jose Mine. On March 6, 2025, the company terminated the sale agreement with MdB and is now continuing with the sale process to divest the asset.
History
The company was incorporated in 1990 pursuant to the Company Act (British Columbia). It was formerly known as Fortuna Silver Mines Inc. and changed its name to Fortuna Mining Corp. in 2024.