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Fortuna reports 2025 production of 317,001 GEO and issues 2026 outlook
Summary
The article reports Fortuna Mining Corp. delivered 317,001 gold equivalent ounces in 2025 and met its annual guidance, and it provided a 2026 outlook with ongoing-operations GEO guidance of 281,000–305,000 and cost ranges for cash cost and AISC.
Content
Fortuna Mining Corp. reported fourth-quarter and full-year 2025 production from its three operating mines in Latin America and West Africa. The article mentions the company achieved its 2025 guidance by delivering 317,001 gold equivalent ounces (GEO). It also describes operational issues that reduced Q4 output at Lindero and notes record gold production at Séguéla. The company issued its 2026 production and cost outlook and outlined key project milestones for the year.
Key figures:
- Consolidated 2025 GEO production was 317,001, within the company guidance range of 309,000–339,000 GEO.
- GEO from ongoing operations in 2025 was 279,207, down from 292,169 in 2024, with the decrease partly attributed to the effect of higher gold prices on Caylloma’s GEO calculation.
- Séguéla produced a record 152,426 ounces of gold in 2025, about 4% above the upper end of its annual guidance.
- Lindero produced 87,489 ounces in 2025 (6% below the lower end of guidance) and experienced crusher downtime in Q4 that was resolved in December.
- 2026 guidance for GEO from ongoing operations is 281,000–305,000; reported cash cost guidance is $895–$1,000 per GEO and all-in sustaining cost (AISC) guidance is $1,830–$1,975 per GEO.
Summary:
Fortuna met its consolidated 2025 production guidance while individual mine results varied, including record output at Séguéla and reduced output at Lindero due to equipment downtime. For 2026 the company provided consolidated GEO and cost guidance and identified key project milestones, including a mid-year construction decision target for Diamba Sud and a Q2 feasibility-level study for Séguéla plant expansion. The article also reports preliminary liquidity of $704 million and a net cash position of $382 million as at December 31, 2025, subject to final audit review.
