Fortuna Mining
Primary ticker: TSX: FVI, NYSE: FSM, Frankfurt: F4S0.F
Stage of development: Production
Primary minerals: Gold and Silver
Project to promote: Séguéla Gold Mine, Côte d’Ivoire; Diamba Sud Gold Project, Senegal
Project location: Argentina, Burkina Faso, Côte d’Ivoire, Mexico, Peru, and Senegal
Website: www.fortunamining.com
Fortuna Mining Corp. is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru, as well as the advanced exploration pre-development stage Diamba Sud Gold Project located in Senegal. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our stakeholders through efficient production, environmental protection, and social responsibility.
Fortuna is financially stable and does not hedge its precious metals production. Shares of the company trade mainly on the New York Stock Exchange (NYSE: FSM) and Toronto Stock Exchange (TSX: FVI).
Cash: Total liquidity: USD$355.6 M
Debt: Total net debt: USD$66.5 M
Major shareholders:
Van Eck Associates: 9.50% OS
Arrowstreet Capital: 2.89% OS
Global X Management: 2.78% OS
Dimensional Fund Advisors: 1.84% OS
D.E.. Shaw & Co.: 1.77% OS
Management Ownership – 1.20%OS
Financials
Management Profile
Jorge A. Ganoza co-founded Fortuna Silver Mines Inc. in 2004 and currently serves as our President and CEO and as a Director on our Board. Jorge is an experienced geological engineer who has worked on mineral exploration, mining and business development projects throughout Latin America since 1995. Before founding Fortuna, he worked in business development at senior levels for several private and public Canadian junior mining companies operating in Central and South America. He graduated from the New Mexico Institute of Mining and Technology in 1995. Jorge served as director of Ferreycorp from March 2017 to July 2020.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
October 10: Fortuna reports solid production of 110,820 gold equivalent ounces for the third quarter of 2024
October 7: Fortuna responds to recent media reports concerning Burkina Faso
September 12: Fortuna intersects 6.9 g/t Au over 33.3 meters at the Diamba Sud Project, Senegal
September 10: Fortuna intersects 14.2 g/t Au over 16.8 meters at the Kingfisher prospect, Séguéla Mine, Côte d’Ivoire
What are the top 3 key investor takeaways?
1. Focused on the West Africa and Latin America regions, backed by experienced leadership with an in-depth understanding of our jurisdictions.
2.Capital allocation priorities: Strengthen balance sheet, invest in high value
exploration projects and opportunistic M&A.
3.Robust exploration pipeline generating exciting growth opportunities