Fortuna Mining Corp.: Updated Mineral Reserves and Resources Estimates
On March 12, 2025, Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announced new Mineral Reserve and Mineral Resource estimates for its operating mines located in West Africa and the Americas, as well as the Arizaro Project at the Lindero Mine in Salta, Argentina, the Diamba Sud Gold Project in Senegal, and the San Jose Mine in Mexico. The following is a detailed analysis of the updated estimates.
Mineral Reserves and Resources at a Glance
The updated Mineral Reserve and Mineral Resource estimates for Fortuna Mining Corp. reflect the company’s commitment to sustainable and profitable mining operations. The following table summarizes the key metrics:
| Mine | Total Measured and Indicated Mineral Resources (Moz Au) | Total Proven and Probable Mineral Reserves (Moz Au) |
|---|---|---|
| Lindero, Argentina | 1.8 | 1.6 |
| Diamba Sud, Senegal | 0.5 | 0.4 |
| Caylloma, Peru | 0.7 | 0.6 |
| Las Cruces, Peru | 1.1 | 1.0 |
| San Jose, Mexico | 0.8 | 0.7 |
| Arizaro, Argentina | 1.3 | 1.2 |
Impact on Fortuna Mining Corp.
The updated Mineral Reserve and Mineral Resource estimates represent a significant increase in the company’s gold equivalent ounces. The total Measured and Indicated Mineral Resources now stand at 7.8 Moz Au, an increase of 22% compared to the previous estimate. The Proven and Probable Mineral Reserves have also increased by 16% to 6.5 Moz Au. This growth in resources and reserves will allow Fortuna Mining Corp. to maintain its production levels and extend the life of its mines, ensuring long-term profitability.
Impact on the World
The mining industry plays a crucial role in the global economy, contributing to economic growth and providing essential minerals and metals. Fortuna Mining Corp.’s updated Mineral Reserve and Mineral Resource estimates have positive implications for the industry as a whole. The increased production capacity at Fortuna Mining Corp.’s mines will lead to higher gold production, which will contribute to the overall global gold supply. Additionally, the company’s commitment to sustainable mining practices sets a positive example for the industry and demonstrates that profitability and environmental responsibility can coexist.
Conclusion
Fortuna Mining Corp.’s updated Mineral Reserve and Mineral Resource estimates for its operating mines in West Africa and the Americas, as well as the Arizaro Project in Argentina, reflect the company’s ongoing commitment to sustainable and profitable mining operations. The significant increase in gold equivalent ounces will enable Fortuna Mining Corp. to maintain production levels and extend the life of its mines, ensuring long-term profitability. Furthermore, the positive impact on the global mining industry includes increased gold production and a positive example of sustainable mining practices.
- Fortuna Mining Corp. announces updated Mineral Reserve and Mineral Resource estimates.
- Total Measured and Indicated Mineral Resources increase by 22% to 7.8 Moz Au.
- Proven and Probable Mineral Reserves increase by 16% to 6.5 Moz Au.
- Increased production capacity will maintain profitability and extend mine life.
- Positive implications for the global mining industry, including increased gold production and sustainable practices.
