Fortuna Mining Reports Production Results For Q1 Of 2025 From Its Four Operating Mines In West Africa And Latin America
Benzinga Newsdesk 1 year ago
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Q1 2025 highlightsGold production of 91,893 ounces; compared to 89,678 oz Au in Q1 20242 and 95,993 oz Au in Q4 20243Gold equivalent production of 103,459 ounces1; compared to 112,543 Au Eq oz (GEOs) in Q1 20242 and
Q1 2025 highlights
- Gold production of 91,893 ounces; compared to 89,678 oz Au in Q1 20242 and 95,993 oz Au in Q4 20243
- Gold equivalent production of 103,459 ounces1; compared to 112,543 Au Eq oz (GEOs) in Q1 20242 and 116,358 GEOs in Q4 20243
- The Lindero leach pad expansion project was completed in Q1 and delivered to operations on time and within budget at a total cost of $51.8 million. The expansion provides sufficient capacity for an additional 10 years of production.
- Repurchased 916,900 common shares at an average price of $4.53 per share for a total of $4,155,539
Fortuna reiterates its 2025 annual production guidance range of 334,000 to 373,000 ounces of gold and 0.9 to 1.0 million ounces of silver or between 380,000 and 422,000 GEOs, including lead and zinc by-products