Fortuna Mining Corp. Secures Key Environmental Approval for Diamba Sud Gold Project in Senegal

Fortuna Mining Corp. has received a crucial environmental decree from Senegal's Ministry of Environment and Ecological Transition for its Diamba Sud Gold Mine. This approval signifies compliance with environmental regulations and social acceptance, marking a significant step towards obtaining the mining permit. The company anticipates a mid-2026 timeline for a final construction decision, following the completion of the feasibility study. The Diamba Sud Gold Project, with a preliminary economic assessment (PEA) indicating robust economics (72% after-tax IRR and US$563 million NPV5%), is progressing with early construction works. The PEA highlights key metrics such as an average annual gold production of 106 koz over the LOM, an average operating cash cost of US$1,081/oz, and an average All-In Sustaining Cost (AISC) of US$1,238/oz. Initial capital expenditure is estimated at US$283 million. The company emphasizes its commitment to sustainable operations and responsible development within Senegal's mining sector.