Company Overview

Fortuna Mining Corp. is a Canadian precious and base metals mining company focused primarily on gold and silver production, with additional exposure to lead and zinc by-products. The company operates in the mining industry through the acquisition, exploration, development, and operation of mineral properties in the Americas and West Africa. Fortuna is publicly listed on the Toronto Stock Exchange under the symbol FVI and on the New York Stock Exchange under FSM. Its revenue is primarily generated through the sale of gold and silver doré, concentrates containing silver, lead, and zinc, and associated by-products from its operating mines.

The company evolved from a Latin America-focused silver producer into a diversified precious metals miner through a series of acquisitions and mine developments. Fortuna’s strategic transformation accelerated following the acquisition of Roxgold Inc. in 2021, which added producing gold assets in West Africa and expanded the company’s geographic footprint beyond the Americas. The company’s operating strategy emphasizes low-cost production, reserve replacement through exploration, and operational diversification across multiple jurisdictions.

Business Operations

Fortuna Mining operates through several producing mines and regional business units across the Americas and Africa. Its core assets include the Lindero Mine in Argentina, the Séguéla Mine and Yaramoko Mine in Côte d’Ivoire and Burkina Faso respectively, the Caylloma Mine in Peru, and the San Jose Mine in Mexico. The company generates revenue through the production and sale of gold and silver, with lead and zinc contributing additional by-product credits. Operational performance is influenced by commodity prices, mine grades, throughput levels, and exploration success near existing operations.

The company maintains both domestic and international operations through local subsidiaries and operating entities in each jurisdiction. Fortuna controls mining infrastructure, processing facilities, exploration concessions, and logistics networks associated with its producing mines. Key operational capabilities include underground and open-pit mining, heap leach processing, flotation plants, and mineral exploration programs. The company also maintains exploration projects and regional land packages aimed at extending mine life and supporting future development opportunities.

Strategic Position & Investments

Fortuna Mining’s strategy centers on disciplined growth through operational optimization, exploration, and selective acquisitions. The acquisition of Roxgold Inc. significantly expanded the company’s gold production profile and increased its exposure to West African mining jurisdictions. The commissioning of the Séguéla Mine in Côte d’Ivoire represented a major growth initiative and positioned the company among mid-tier global precious metals producers with diversified operations.

The company continues to invest in brownfield and near-mine exploration programs intended to expand mineral reserves and extend operating mine lives. Fortuna has also invested in processing improvements and infrastructure upgrades across several assets to improve efficiency and production consistency. Its portfolio diversification across multiple countries and commodities provides some operational flexibility relative to single-asset mining companies, while its emphasis on gold production reflects broader industry trends favoring precious metals with stronger margins and liquidity.

Geographic Footprint

Fortuna Mining maintains operations and exploration interests across North America, South America, and West Africa. The company is headquartered in Vancouver, British Columbia, Canada, while its producing mines are located in Mexico, Peru, Argentina, Burkina Faso, and Côte d’Ivoire. This geographic diversification reduces dependence on any single jurisdiction while exposing the company to varying regulatory, political, and operational conditions.

The company’s strongest operational presence is concentrated in the Americas and emerging African gold districts. Through its subsidiaries and regional operating entities, Fortuna manages workforce development, environmental compliance, and community relations in multiple mining jurisdictions. Its expansion into West Africa increased its international operational influence and positioned the company within some of the world’s active gold exploration and production regions.

Leadership & Governance

Fortuna Mining was co-founded by mining entrepreneur Jorge A. Ganoza, who has played a central role in the company’s operational expansion and strategic acquisitions. The company’s leadership has emphasized disciplined capital allocation, geographic diversification, and long-term reserve growth through both exploration and acquisitions. Governance oversight is provided through a board structure consistent with Canadian public mining company standards and regulatory requirements.

Key executives include:

• Jorge A. Ganoza – President and Chief Executive Officer
• David Whittle – Chief Operating Officer
• Carlos Baca – Chief Financial Officer
• Paul Weedon – Senior Vice President, Exploration
• Eric Chapman – Senior Vice President, Technical Services
• Cathy Zhai – Vice President, Corporate Affairs

The company’s leadership approach has focused on operational efficiency, sustainable mining practices, and maintaining a diversified portfolio of producing assets across multiple jurisdictions.