FORTUNA MINING CORP. (FSM) Form 6-K — Jul 30, 2026
Fortuna Mining Corp. has approved a $109 million expansion of its Ségéla Gold Mine in Côte d'Ivoire, aiming to increase processing capacity by 30% to 2.3 million tonnes per annum. The project includes infrastructure upgrades and the development of the Sunbird underground mine to enhance gold recoveries to 94.5%. The expansion is expected to support average annual gold production of over 200,000 ounces for the next decade, with a projected payback period of 2.5 years.
Key figures
- Throughput To
- 2.3 Mtpa
- Payback Period
- ~2.5 years
- Throughput From
- 1.75 Mtpa
- Liquidity Q12026
- ~$800 million
- Capacity Increase
- 30%
- Gold Recovery Rate
- 94.5%
- Construction Capital
- $109 million
- Annual Production Target
- >200,000 ounces
- Consolidated Production Target2028
- 500,000 ounces
AI analysis
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