en.Wedoany.com Reported - On May 6, 2026, Fortuna Mining Corp. announced its financial and operating results for the first quarter of 2026. The company generated free cash flow of $174 million, adjusted net income attributable to shareholders of $111 million, and gold equivalent production of 72,872 ounces, setting a new quarterly record. President and CEO Jorge A. Ganoza stated, "Fortuna has achieved a new quarterly performance record, which positions us well to meet our 2026 production guidance." He added, "At Séguéla, the mine plan adjustment is expected to bring all-in sustaining costs to the high end of the guidance range, but will reduce underground development costs and increase flexibility."
On the financial highlights front, sales from continuing operations reached $342.5 million, with net income attributable to shareholders of $111 million ($0.36 per share), representing a 213% increase compared to the same period last year. Net cash from operating activities was $209.4 million, and liquidity increased to $815.9 million. In terms of shareholder returns, the company has returned $40 million to shareholders year-to-date through the repurchase of 4.2 million shares.
Operational data from each mine shows: the Séguéla mine in Côte d'Ivoire produced 42,016 ounces of gold at a cash cost of $678 per ounce; the Lindero mine in Argentina produced 21,545 ounces of gold at a cash cost of $1,208 per ounce; and the Caylloma mine in Peru produced 257,603 ounces of silver. The company reported a 15% year-over-year increase in consolidated mineral reserves and plans to make a final investment decision on the Diamba Sud project and the Séguéla plant expansion by mid-year.
The earnings conference call will be held on May 7, 2026. For more information, please refer to the company's website and regulatory filings.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
