Company Overview

Fortuna Mining Corp. is a Canadian precious metals mining company focused on the exploration, extraction, and production of gold and silver. The company operates in the mining industry with a portfolio of producing mines and exploration assets primarily across Latin America and West Africa. Fortuna generates revenue mainly through the sale of doré containing gold and silver, as well as lead and zinc concentrates from certain operations. The company is publicly traded on the New York Stock Exchange under the ticker FSM and on the Toronto Stock Exchange under FVI.

The company’s principal operating assets include the Séguéla Mine, Lindero Mine, Caylloma Mine, and San Jose Mine. Fortuna evolved from a silver-focused producer into a broader precious metals company through acquisitions and mine development, particularly after the acquisition of Roxgold Inc. in 2021, which significantly expanded its gold production profile and geographic diversification. Its strategic positioning is supported by a multi-jurisdictional asset base, exposure to both gold and silver markets, and operational diversification across several countries.

Business Operations

Fortuna Mining Corp. operates through mining, processing, exploration, and commercialization activities associated with precious metals production. The company’s major operating units include the Séguéla gold operation in Côte d’Ivoire, the Lindero gold operation in Argentina, the San Jose silver-gold operation in Mexico, and the Caylloma polymetallic operation in Peru. Revenue is primarily generated through the production and sale of gold and silver doré bars and concentrates containing silver, lead, and zinc.

The company maintains both domestic and international operations through subsidiaries that hold mining concessions, processing infrastructure, and exploration properties. Fortuna controls significant mining and processing assets, including open-pit and underground mines, milling facilities, and leaching operations. Its operations are supported by ongoing exploration programs intended to extend mine life and increase mineral reserves. The acquisition of Roxgold Inc. added the Yaramoko Mine in Burkina Faso and the Séguéla project, strengthening Fortuna’s West African presence and increasing its exposure to high-grade gold assets.

Strategic Position & Investments

Fortuna’s strategic direction has centered on increasing gold production, diversifying geopolitical risk, and improving operational efficiency across its mining portfolio. The company has invested heavily in organic growth projects, particularly the development and ramp-up of the Séguéla Mine, which became a major contributor to consolidated gold output. Fortuna has also pursued reserve replacement through near-mine exploration and regional drilling campaigns in Peru, Mexico, Argentina, Burkina Faso, and Côte d’Ivoire.

The acquisition of Roxgold Inc. represented one of Fortuna’s most significant investments and transformed the company from a predominantly silver-focused producer into a diversified precious metals company with a stronger gold weighting. Fortuna continues to invest in exploration assets adjacent to existing operations and has emphasized disciplined capital allocation, production growth, and balance sheet management in public disclosures. The company is also involved in initiatives related to operational sustainability, mine optimization, and energy efficiency at several sites.

Geographic Footprint

Fortuna Mining Corp. is headquartered in Vancouver, Canada, and operates across multiple international mining jurisdictions. Its producing mines and exploration properties are concentrated in Latin America and West Africa, including operations in Peru, Mexico, Argentina, Burkina Faso, and Côte d’Ivoire. This geographic diversification reduces dependence on a single commodity jurisdiction and provides exposure to multiple mining districts.

The company maintains a significant operational presence in both the Americas and Africa through local subsidiaries, workforce development, and long-term mining infrastructure investments. Its international footprint includes exploration concessions, processing facilities, and logistics networks that support exports of precious metals products to global markets. Fortuna’s mining operations are influenced by regional regulatory frameworks, environmental permitting requirements, and commodity market dynamics across these jurisdictions.

Leadership & Governance

Fortuna Mining Corp. was co-founded by mining entrepreneur Jorge A. Ganoza, who has played a central role in the company’s development and strategic expansion. The company is governed by a board of directors and executive leadership team with backgrounds in mining operations, geology, finance, and international resource development. Public corporate communications emphasize operational discipline, sustainable mining practices, reserve growth, and long-term shareholder value creation.

Key executives include:

• Jorge A. Ganoza – President and Chief Executive Officer
• David Whittle – Chief Operating Officer
• Carlos Baca – Chief Financial Officer
• Eric Chapman – Senior Vice President of Technical Services
• Paul Weedon – Senior Vice President of Exploration
• Marcelo Kim – Senior Vice President of Corporate Development

The company’s governance framework includes oversight through board committees focused on audit, compensation, sustainability, and technical matters. Fortuna’s leadership has consistently emphasized geographic diversification, disciplined acquisitions, operational optimization, and responsible mining practices as core components of its corporate strategy.