Canada's Fortuna Mining Achieves Record Q1 Results: Profit of $111 Million, Gold Production Reaches 72,872 Ounces

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.

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