en.Wedoany.com Reported - Fortuna Mining has received a decree from the Government of Senegal approving the Environmental and Social Impact Assessment for its Diamba Sud gold project, located in the eastern part of the country. The authorization document indicates that the project complies with applicable regulations. The company subsequently submitted a mining license application to Senegal's Ministry of Energy, Petroleum and Mines on February 4, 2026, and stated that this authorization marks a decisive step toward obtaining the license.

Jorge A. Ganoza, President and CEO of Fortuna, stated that the swift issuance of the decree should attest to the high quality of the company's work and reflects the Senegalese government's commitment to promoting the responsible development of its mining sector.

The 2025 Preliminary Economic Assessment (PEA) for the Diamba Sud project shows a post-tax internal rate of return (IRR) of 72% and a net present value (NPV, at 5% discount rate) of $563 million, based on a gold price of $2,750 per ounce. The 2026 project budget is $100 million, with a final investment and construction decision expected in mid-2026.

Fortuna is a Vancouver-based precious metals mining company that, in addition to the Diamba Sud project in Senegal, also holds exploration projects in Argentina, Côte d'Ivoire, Guinea, Guyana, and Peru.

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