Video News/Investment Trends

Fortuna Mining (NYSE: FSM; TSX: FVI) is positioning itself to return to 500,000 oz of annual gold equivalent production as record cash generation strengthens its balance sheet and expands its strategic options across Latin America and West Africa. Speaking with Kitco Mining’s Investment Trends, CFO Luis D. Ganoza said the company generated $330 million in free cash flow in 2025, representing “between 35 and 38%” of sales, while converting more than 60% of EBITDA into free cash flow. Ganoza outlined a “clear path to get back to 500,000 ounces” annually through development at the Diamba Sud project in Senegal and a potential expansion at Séguéla, which is currently producing about 170,000 oz per year. He said Fortuna is maintaining disciplined capital allocation despite strong gold prices, continuing to stress-test projects at lower price assumptions while preserving balance sheet flexibility for growth opportunities in both West Africa and Latin America.