Fortuna Achieves 2025 Production Guidance, Delivering 317,001 GEO, and Issues 2026 Outlook


This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release may include, without limitation, statements about the Company’s plans for its mines and mineral properties; changes in general economic conditions and financial markets; the impact of inflationary pressures on the Company’s business and operations; estimates of production in 2026 that remain subject to verification and adjustment; the Company’s anticipated financial and operational performance in 2026; estimated production forecasts for 2026; estimated costs; estimated cash costs and all-in sustaining cash costs and expenditures for 2026; estimated capital and sustaining capital expenditures in 2026; estimated Brownfields and Greenfields expenditures in 2026; exploration plans; the future results of exploration activities and the ability of the Company to subsequently achieve its production target of 500,000 ounces of gold annually; the timing of the implementation and completion of sustaining capital investment projects at the Company’s mines; expectations with respect to recoveries, metal grade estimates and the impact of any variations relative to metals grades experienced; metal prices, currency exchange rates and interest rates in 2026; statements about the mineral resource and mineral reserve estimates; life of mine estimates; the Company’s expectation that the replacement of the foundations for the primary crusher at the Lindero Mine will be completed on budget within a 30 day period starting in March 2026; the expectation that the completion of the Caylloma Mine’s power grid enhancement project will enable it to meet 100% of its current and future energy requirements from the national power grid; expectations with respect to the completion and commissioning of the solar power plant project at the Séguéla Mine; expectations with respect to the storage capacity of the tailings storage facility at Séguéla; expectations regarding the expansion of processing plant capacity and a potential increase in annual gold production at Séguéla; expenditures pertaining to the development of the Sunbird underground infrastructure at Séguéla; the expected timing of the completion of a feasibility study, securing approval of the ESIA, receiving an exploitation permit, and making a final investment decision at Diamba Sud; statements regarding the ability of the Company to de-risk critical path activities in connection with the Diamba Sud project; and the ability of the Company to conduct the early works programs on time and on budget at Diamba Sud and statements regarding the related planned expenditures; a preliminary estimate of the Company’s liquidity and net cash position as at December 31, 2025; and
statements regarding operational efficiency initiatives as the Company’s properties and the anticipated benefits thereof; the Company’s business strategy, plans and outlook; the merit of the Company’s mines and mineral properties; and the future financial or operating performance of the Company. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “anticipated”, “estimated” “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.



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