$FVI.TO

Fortuna Mining Obtains Environmental Approval for Diamba Sud Gold Project

Fortuna Mining (FVI.TO) has received environmental approval for the Diamba Sud gold mine in Senegal, the company said on Monday.The environmental decree from Senegal's Ministry of Environment and Ecological Transition approving the environmental and social impact assessment for the project certifies that the Diamba Sud complies with all applicable environmental regulations and has been socially accepted by the project's stakeholders.The authorization marks a step closer toward a mining permit following the submission of Fortuna's application to the Ministry of Energy, Petroleum and Mines in February.With the approval, Fortuna will continue advancing early construction works ahead of completing a feasibility study and a final construction decision in mid-2026.

Fortuna Obtained Key Environmental Approval For Diamba Sud Gold Project In Senegal

Fortuna Reports 15% Lift YoY in Consolidated Mineral Reserves and Updates Estimate of Sunbird Deposit, Seguela

Fortuna Mining Corp. (NYSE: FSM and TSX: FVI) was down 1.5% in US premarket trade Thursday after it provided an updated consolidated Mineral Reserve and Mineral Resource estimates for its operating mines and projects in West Africa and Latin America.Mineral Reserves increased by 15% year-over-year, after accounting for production related depletion, Fortuna said in a statement.An updated estimate for Seguela as of March 31, 2026, reported an increase of 34% in underground Mineral Reserves and a 55% increase in Inferred Mineral Resources for the Sunbird deposit "as a result of the successful infill and exploration drilling program executed in the second half of 2025", the company added.Among highlights, Consolidated Proven and Probable Mineral Reserves are reported containing 3.0 million gold equivalent ounces representing a year-over-year increase of 15%, the company said. Changes are due to the upgrading of resources to reserves representing 819,000 GEOs, primarily at Seguela, offset by production related depletion of 378,000 GEOs, it added.Consolidated Measured and Indicated Resources exclusive of Mineral Reserves are reported containing 2.1 million GEOs representing a year-over-year increase of 56%, Fortuna said. Primary drivers for the net increase are the result of drilling at Diamba Sud, upgrading 781,000 GEOs, a 165% increase, offset by the upgrading of resources to reserves at Seguela, it added.Consolidated Inferred Mineral Resources are reported containing 2.2 million GEOs representing a year-over-year increase of 4%, the company said. The change is the result of drilling discovering 726,000 GEOs counteracting the impact of upgrading 628,000 GEOs, it added.Underground Mineral Reserves for Seguela's Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34% to its maiden estimate, Fortuna said. Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase, it added.Diamba Sud's feasibility study remains on track for first-time reporting of Mineral Reserves in support of a construction decision by the end of this quarter, the company said.Mineral Reserves are estimated using a gold price of US$2,300/oz and Mineral Resources are estimated using a gold price of $2,600/oz, except for the Diamba Sud Project where Mineral Resources are estimated using a gold price of $3,300/oz, the company noted.Shares in Fortuna were up 2.75% in Canada and 2.7% in the U.S. yesterday.

Fortuna Reported 15% Increase YoY in Consolidated Mineral Reserves and Updated Estimate of Sunbird Deposit, Seguela

Fortuna Mining Enters Into Earn-In Agreement for Quartzstone Project in Guyana

Fortuna Mining (FVI.TO) on Monday said it has entered into an earn-in agreement with private Guyanese company Qstone for the Quartzstone project in north central Guyana.Under the agreement, Fortuna may earn up to a 70% interest in the Quartzstone project.Fortuna may earn an initial 51% interest in the project by completing a minimum of 60,000 meters of drilling within four years, while paying all license fees and funding all related expenditures. Upon exercise of the first option, Fortuna will form a joint venture with Qstone.Fortuna may earn an additional 19% interest in the project by solely funding a feasibility study within three years of exercising the first option and continuing to pay all license fees.In addition to royalties payable to the state on gold production, the Quartzstone project is subject to a 4.5% net smelter returns royalty in favor of a prior owner, which may be repurchased.Historical drilling has identified multiple high grade zones of near-surface gold mineralization at the project.Fortuna's initial exploration program, budgeted at about US$5.5 million, will focus on advancing priority targets already defined at Quartzstone while generating additional targets along the highly prospective 26-kilometer main shear zone.

Fortuna Mining Up 1% In US Premarket As Renews Share Buyback Program

Fortuna Mining (FVI.TO, FSM) was at last look up 1% in US premarket after announcing Friday that its board of directors approved the renewal of its normal course issuer bid (NCIB) to buy back up to 5% of its outstanding common shares as at April 10, 2026.The company said an aggregate of up to 15.2-million common shares, representing 5% of its outstanding 304.6-million common shares as of April 10, have been authorized for repurchase starting on May 4. Repurchases under the bid can be made from time to time through the facilities of the New York Stock Exchange (NYSE) using a variety of methods.U.S.-listed shares of the company were last seen up 1% at US$10.53 in pre-market trading.

Fortuna Renewed Share Buyback Program; Representing 5% of the Co's Outstanding 304,557,387 Common Shares as of April 10, 2026