智通财经APP获悉，周三，黄金、白银股盘前拉升，现货黄金涨0.76%，报5184.5美元；现货白银涨超 4%，报90.77美元。截至发稿，Barrick Mining(B.US)涨超1.2%，纽曼矿业(NEM.US)涨0.92%，伊格尔矿 业(AEM.US)涨超1%。First Majestic Silver(AG.US)涨超3%，Fortuna Silver Mines(FSM.US)涨超2%，泛美 白银(PAAS.US)涨近2%。 ...

VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report the latest batch of exploration drilling results from the Southern Arc deposit at its Diamba Sud Gold Project located in Senegal. A further 44 reverse circulation and diamond drill holes, totalling 7,518 meters, have been completed at Southern Arc since the previous exploration results update in December 2025 and were incorporated into the expanded Diamba Sud mineral resource (refe ...

VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report the latest batch of exploration drilling results from the Southern Arc deposit at its Diamba Sud Gold Project located in Senegal. A further 44 reverse circulation and diamond drill holes, totalling 7,518 meters, have been completed at Southern Arc since the previous exploration results update in December 2025 and were incorporated into the expanded Diamba Sud mineral resource (refe ...

Core Viewpoint - Fortuna Mining Corp. has demonstrated strong financial performance and increased gold resource estimates, leading to a significant rise in stock price and positive investor sentiment [1][4]. Financial Performance - Net income for Fortuna Mining soared by 119% to $311.6 million in 2024, up from $141.9 million [2]. - Revenues increased by 40% to $947 million, compared to $677 million in the previous year [2]. - In Q4, net income reached $74 million, a 391% increase from $15.08 million year-on-year [3]. - Sales in Q4 rose by 38% to $270 million, up from $195 million [3]. Production and Resource Estimates - Gold production totaled 152,426 ounces, marking an 11% year-on-year increase and exceeding the upper end of the annual guidance range [3]. - Fortuna Mining raised its gold resource estimate for the Diamba Sud Gold Project by 73% to 1.25 million ounces, indicating strong production prospects [4].

智通财经APP获悉，周五，现货黄金涨超1%，报5050.83美元；现货白银涨超3%，报81.1美元。美股黄 金、白银股涨跌不一，截至发稿，Barrick Mining(B.US)微跌0.46%，纽曼矿业(NEM.US)跌超1%，伊格 尔矿业(AEM.US)涨超1.6%。First Majestic Silver(AG.US)涨超2.4%，Fortuna Silver Mines(FSM.US)涨超 4.6%，泛美白银(PAAS.US)涨超1.8%。 ...

Financial Data and Key Metrics Changes - The company reported record adjusted net income of $0.23 per share for Q4 2025, aligning with analysts' consensus, and net cash from operations before working capital adjustments was $0.48 per share, exceeding estimates of $0.43 [4] - Free cash flow reached $132 million for the quarter and $330 million for the full year, indicating strong operational performance and a robust balance sheet with over $700 million in liquidity and a net cash position of approximately $380 million [4][27] - Attributable net income for the quarter was $68.1 million, or $0.22 per share on an adjusted basis, a significant increase from $0.06 in Q4 2024 and $0.17 in Q3 2025, primarily driven by higher gold prices [22] Business Line Data and Key Metrics Changes - Séguéla produced 36,942 ounces of gold in Q4 2025, totaling 152,426 ounces for the full year, exceeding guidance by 4% [10] - Lindero's full-year gold production totaled 87,489 ounces, approximately 6% below the lower end of guidance due to mechanical downtime in Q4 [16] - Caylloma produced 250,000 ounces of silver in Q4 2025, maintaining production levels consistent with previous quarters [18] Market Data and Key Metrics Changes - The average realized gold price was $4,166 per ounce, an increase of over $1,500 per ounce compared to previous periods, while consolidated cash costs rose only marginally by 5% to $971 per ounce [22] - AISC for Séguéla was $1,576 per ounce for Q4 and $1,560 per ounce for the full year, reflecting cost discipline despite higher royalties [12] Company Strategy and Development Direction - The company aims to grow annual gold production to over 500,000 ounces within 24 months, representing approximately 65% growth from current levels, with key projects being Diamba Sud in Senegal and Séguéla in Ivory Coast [5] - A $100 million budget has been approved for Diamba Sud, with $67 million allocated for early works, including camp facilities and major excavations [7] - Séguéla is preparing for a plant upgrade study to evaluate throughput expansion options that could increase annual production to 200,000 ounces [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production growth through controlled and executable plans, supported by a strong balance sheet and quality assets [5] - The company is focused on mitigating risks associated with equipment delivery times and securing critical resources for project advancement [47] Other Important Information - The company recorded a foreign exchange loss of $2.9 million for Q4 and $7.8 million for the full year, primarily due to operations in Argentina [24] - Total capital expenditures were $44.5 million for Q4 and $178.1 million for the full year, with significant allocations for sustaining capital and growth initiatives [26] Q&A Session Summary Question: Update on Diamba Sud resource and production profile - Management indicated that the updated resource will extend the mine life and improve the production profile due to higher grades [32] Question: Gold price assumptions for Diamba Sud - The company uses a gold price of $3,300 for resource estimates and $2,600 for reserves, reflecting current market adjustments [34] Question: Production cadence for 2026 - Production is expected to be steady, with Lindero experiencing softer production in the first half due to planned improvements [36] Question: Plans to achieve 500,000 ounces production - Management detailed that Séguéla's expansion and Diamba Sud's development will contribute to reaching the target, with specific CapEx estimates provided [41][42] Question: Underground development plans for Sunbird - Production from the underground is anticipated to start in late 2027 or early 2028, pending permitting approvals [60]

Financial Data and Key Metrics Changes - The company reported record adjusted net income of $0.23 per share for Q4 2025, in line with analysts' consensus, and net cash from operations before working capital adjustments was $0.48 per share, exceeding estimates of $0.43 [4] - Free cash flow reached a record $132 million for the quarter and $330 million for the full year, highlighting strong operational performance [4] - The company ended 2025 with $704 million in total liquidity, a $327 million increase over 2024, driven by strong operating results [27] Business Line Data and Key Metrics Changes - Séguéla produced 36,942 ounces of gold in Q4, totaling 152,426 ounces for the full year, exceeding guidance by 4% [10] - Lindero's full-year gold production totaled 87,489 ounces, approximately 6% below the lower end of guidance due to mechanical downtime in Q4 [15] - Caylloma produced 250,000 ounces of silver in Q4, maintaining production levels consistent with previous quarters [17] Market Data and Key Metrics Changes - The average realized gold price was $4,166 per ounce, an increase of over $1,500 per ounce compared to the previous year [21] - Consolidated cash costs rose marginally by 5% to $971 per ounce, while all-in sustaining costs (AISC) for the year were $1,716 per ounce, within guidance range [21][17] Company Strategy and Development Direction - The company aims to grow annual gold production to over 500,000 ounces within the next 24 months, representing approximately 65% growth from current levels [5] - Key growth projects include Diamba Sud in Senegal and Séguéla in the Ivory Coast, with a $100 million budget approved for Diamba Sud [5][7] - The company is focused on maintaining capital discipline and enhancing asset quality to support growth [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production targets, with Séguéla expected to contribute significantly to the overall production increase [41] - The company is actively managing risks related to equipment delivery times and resource availability as demand for gold mining increases [47] - Future production at Lindero is expected to be impacted by ongoing improvements to the primary crusher, with a gradual increase anticipated in the second half of the year [36] Other Important Information - The company recorded a foreign exchange loss of $2.9 million for Q4, primarily driven by operations in Argentina [24] - Capital expenditures for the quarter were $44.5 million, with $109 million dedicated to sustaining capital and $69 million to growth initiatives [26] Q&A Session Summary Question: Update on Diamba Sud resource and production profile - Management indicated that the updated resource will extend the mine life and improve the production profile due to higher grades [31] Question: Gold price assumptions for Diamba Sud - The company uses a gold price of $3,300 for resource estimates and $2,600 for reserves, reflecting current market adjustments [34] Question: Production cadence for 2026 - Production is expected to be steady, with Lindero experiencing softer production in the first half due to ongoing improvements [36] Question: Plans to reach 500,000 ounces of production - Management detailed that Séguéla and Diamba Sud will be key contributors, with Séguéla's throughput expected to increase significantly [41][42] Question: Underground development plans for Sunbird - Production from the underground is anticipated to start in late 2027 or early 2028, pending permitting approvals [60]

Financial Data and Key Metrics Changes - The company reported record adjusted net income of $0.23 per share for Q4 2025, aligning with analysts' consensus, and net cash from operations before working capital adjustments was $0.48 per share, exceeding estimates of $0.43 [4] - Free cash flow reached $132 million for the quarter and $330 million for the full year, indicating strong operational performance and a robust balance sheet with over $700 million in liquidity and a net cash position of approximately $380 million [4][27] - Attributable net income for Q4 was $68.1 million, or $0.22 per share on an adjusted basis, a significant increase from $0.06 in Q4 2024 and $0.17 in Q3 2025, primarily driven by higher gold prices [21] Business Line Data and Key Metrics Changes - Séguéla produced 36,942 ounces of gold in Q4, totaling 152,426 ounces for the full year, exceeding guidance by 4% [10] - Lindero's full-year gold production totaled 87,489 ounces, approximately 6% below guidance due to mechanical downtime in Q4 [15] - Caylloma produced 250,000 ounces of silver in Q4, maintaining production levels consistent with previous quarters [17] Market Data and Key Metrics Changes - The average realized gold price was $4,166 per ounce, an increase of over $1,500 per ounce compared to previous periods, while consolidated cash costs rose only marginally by 5% to $971 per ounce [21] - The company experienced a foreign exchange loss of $2.9 million for Q4, primarily driven by operations in Argentina, but this was offset by hedging strategies [23][24] Company Strategy and Development Direction - The company aims to grow annual gold production to over 500,000 ounces within the next 24 months, representing a 65% increase from current levels, with growth driven by the Diamba Sud and Séguéla projects [5][8] - A $100 million budget has been approved for Diamba Sud, with $67 million allocated for early works, including infrastructure development [6][46] - Séguéla is preparing for a plant upgrade study to evaluate throughput expansion options, potentially increasing annual production to 200,000 ounces [7][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving production growth through controlled and executable plans, supported by a strong balance sheet and quality assets [5][8] - The company is focused on mitigating risks associated with equipment delivery times and securing critical resources for project advancement [46] Other Important Information - The company recorded $26 million in general and administration expenses for Q4, including $6.9 million in stock-based compensation, reflecting a year-over-year increase [22] - Total capital expenditures were $44.5 million for Q4 and $178.1 million for the full year, with significant allocations for sustaining capital and growth initiatives [26][27] Q&A Session Summary Question: Update on Diamba Sud resource and technical report - Management indicated that the increased resource will likely extend the mine life and improve the production profile, particularly with higher-grade deposits [30][31] Question: Gold price assumptions for Diamba Sud - The company uses a gold price of $3,300 for resource estimates and $2,600 for reserves, reflecting current market adjustments [32][33] Question: Production cadence for 2026 - Production is expected to be steady, with Lindero experiencing softer production in the first half due to planned improvements [34][35] Question: Plans for reaching 500,000 ounces of production - Management detailed plans for Séguéla and Diamba Sud, with Séguéla targeting 200,000 ounces and Diamba Sud contributing significantly to overall production [38][39][40] Question: Underground development plans for Sunbird - The company plans to start underground development in 2027, with production expected to begin in 2028, pending permitting [58][59]

We envision. We deliver. Q4 - FY 2025 Financial and Operational Results Webcast February 19, 2026 NYSE: FSM | TSX: FVI We envision. We deliver. Q4 - FY 2025 Highlights FY 2025 record free cash flow from ongoing operations4 of $330 million Cash Flow & Margins Balance Sheet Strength Delivering Growth Production $704.0 M in liquidity $381.5 M net cash position Safety Cash Cost & AISC Record FCF from Operations1,4 $132.3 M Q3 2025: $73.4 M Operating cash flow before working capital of $147.6 M or $0.48/share2 E ...

Core Viewpoint - Fortuna Mining Corp. has announced a significant increase in the Mineral Resource estimate for the Diamba Sud Gold Project, with indicated resources now totaling 1.25 million ounces of gold, reflecting a 73% increase from the previous estimate, which positions the project favorably for future development and investment decisions [1][2]. Mineral Resource Summary - The updated Mineral Resource estimate includes 26.0 million tonnes of indicated resources averaging 1.50 g/t Au, containing 1,254,000 ounces of gold, and 2.1 million tonnes of inferred resources averaging 1.13 g/t Au, containing 77,000 ounces of gold [7][5]. - The Southern Arc deposit has been identified as the largest gold deposit at Diamba Sud, with a first-time estimation of 6.0 million tonnes averaging 1.91 g/t Au, containing 367,000 ounces of gold [5][4]. Project Development and Feasibility - The updated resource estimate is expected to support a feasibility study targeted for completion by mid-2026, which will advance the project towards a final investment decision [2][9]. - Ongoing exploration drilling continues to intersect mineralization beyond current resource envelopes, indicating further growth potential for the project [5][8]. Technical Advancements - Infill drilling has successfully upgraded inferred resources to indicated resources at several deposits, including Area D, Southern Arc, Moungoundi, and Karakara, enhancing overall resource confidence [11][5]. - The updated estimate incorporates drilling data from July 2025 to January 2026, which has improved geological interpretation and resource modeling [8][11]. Strategic Goals - The Diamba Sud project, along with the expansion of the Séguéla Mine, is central to Fortuna's strategy to grow into a company capable of producing over 500,000 ounces of gold annually from long-life assets [2][1].