Fortuna Mining Q3 2026 Earnings Call Transcript

Fortuna intersects 1.9 g/t gold over 64 meters, confirming broad gold mineralization at Kabewest, Bambadji Project, Senegal

Fortuna Mining Corp. reported encouraging first drilling results from the Kabewest prospect at its Bambadji Project in Senegal, with broad mineralized intervals including 1.9 g/t Au over 64 meters. The company has completed an initial 45-hole drilling program totaling 10,524 meters and plans an $8 million, 51,000-meter drilling program across eight priority prospects through end of 2026. An initial Inferred Mineral Resource estimate for Kabewest is expected in Q1 2027.

Fortuna to release third quarter 2026 financial results on November 4, 2026; Conference call at 12 p.m. Eastern time on November 5, 2026

Fortuna Mining Corp. announced it will release third quarter 2026 financial results on November 4, 2026, with a conference call scheduled for November 5, 2026. The company also reported positive drilling results, including 0.96 g/t gold over 350 meters at Lindero Mine in Argentina and 7.8 g/t gold over 12.8 meters at Diamba Sud in Senegal, supporting updated reserve estimates and exploration expansion.

Fortuna intersects 0.96 g/t gold over 350 meters at the Lindero Mine, Argentina

Fortuna Mining Corp. announced positive results from its 2026 infill drilling program at the Lindero gold porphyry deposit in Argentina. The drilling confirmed gold mineralization extends significantly below the current life-of-mine pit design, with multiple intersections showing gold grades consistent with or higher than block model estimates. The company plans to incorporate these results into an updated block model and pit design by year-end, supporting a revised life-of-mine plan and updated mineral reserve estimate for release in Q1 2027.

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.

Fortuna CEO to present at Mining Forum Americas 2026

Fortuna Mining Corp. announced its participation in Mining Forum Americas 2026, with CEO Jorge A. Ganoza presenting on September 28. The company operates three mines and targets 500,000 gold equivalent ounces annually from H2 2028. Recent highlights include a $200M acquisition of Senegal's Bambadji Project and strong Q2 2026 results with $85.7M in free cash flow.

Shares of precious-metals-related companies are trading higher alongside gains in gold and silver prices as Treasury yields and the U.S. dollar decline following the Treasury Department’s announcement that it would double the size of liquidity-support buyback operations for longer-dated bonds.