Fortuna Mining publishes Q1 2026 MD&A report for three months ended March 31

First Trust VL Equity Allocation

First Trust VL Equity Allocation

FVI

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  • Fortuna Mining published its MD&A for Q1 2026, reporting sales of US$342.5 million, up 76% from US$195 million; operating income rose to US$180.1 million from US$55.9 million.
  • Attributable net income from continuing operations increased to US$111 million, or US$0.36 per share, from US$35.4 million, or US$0.12 per share; adjusted EBITDA climbed to US$218.8 million from US$102.6 million.
  • Free cash flow from ongoing operations reached US$174 million from US$66.7 million; cash and cash equivalents increased to US$665.9 million from US$554 million at year-end 2025.
  • Gold production totaled 63,561 ounces, up 8%; Séguéla sold 42,054 ounces at a realized price of US$4,906 per ounce, while Lindero sold 21,183 ounces at US$4,837 per ounce.
  • Entered earn-in agreement in Guyana to earn up to 70% of Quartzstone Project; US$5 million cash option premium paid, initial 51% tied to 60,000 meters of drilling within four years.


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