FSM · Fortuna Mining Corp.

Fortuna Mining Corp. delivered Q1 2026 production of 72,872 GEO across its Séguéla, Lindero, and Caylloma mines, surpassing prior quarter results by 12% driven by higher throughput and grades at Séguéla (42,016 oz, +13.7%) and Lindero (21,545 oz, +12%). Caylloma contributed 9,311 GEO with strong silver output of 257,603 oz amid planned base metal sequencing. The company maintains full-year guidance of 281,000-305,000 GEO, signaling confidence in operational momentum, particularly Lindero's stronger H2 positioning post crusher maintenance. Growth catalysts advanced with Séguéla plant expansion studies targeting 28% capacity increase to 2.0-2.5M tpa by May 2026, Sunbird underground resource update imminent, and accelerated pit development saving ~$4M in costs. Diamba Sud feasibility nears mid-2026 delivery with key procurements secured for mid-2028 first gold. Shareholder returns emphasized via $20.3M buyback of 2.2M shares at $9.24 avg, alongside zero LTIs underscoring safety. These updates affirm execution on growth initiatives while de-risking expansion paths without altering guidance.