Fortuna Mining Corp.: A New Chapter for the San Jose Mine
Vancouver, British Columbia, April 14, 2025 – Fortuna Mining Corp. (NYSE: FSM | TSX: FVI), a leading international mining company, is thrilled to share some exciting news. The company has successfully sold its entire stake in Compañia Minera Cuzcatlan S.A. de C.V. (“Cuzcatlan”) to JRC Ingeniería y Construcción S.A.C. (“JRC”), a prominent Peruvian engineering and construction firm. This transaction, hereafter referred to as the “Transaction,” marks a significant milestone in Fortuna Mining’s strategic evolution.
The Transaction: A Closer Look
Cuzcatlan, a subsidiary of Fortuna Mining, holds a 100 percent interest in the San Jose Mine, located in the beautiful state of Oaxaca, Mexico. The Transaction closed simultaneously with the signing of a definitive share purchase agreement (“Share Purchase Agreement”).
Impact on Fortuna Mining
The Transaction represents a strategic move for Fortuna Mining as it allows the company to focus on its core assets and operations. The sale proceeds will be used to further strengthen the company’s financial position and support its growth initiatives. Fortuna Mining remains committed to delivering value for its shareholders, and this Transaction is a testament to that commitment.
Impact on the World
The sale of the San Jose Mine to JRC is expected to have a positive impact on the local community in Oaxaca, Mexico. JRC, known for its commitment to sustainable development, is expected to invest in the mine’s infrastructure and create new jobs. Furthermore, JRC’s expertise in the mining industry is expected to lead to increased production and efficiency at the San Jose Mine.
Looking Ahead
Fortuna Mining is excited about its future prospects. With a strong financial position and a focus on its core assets, the company is well-positioned to capitalize on growth opportunities. The Transaction marks the beginning of a new chapter for Fortuna Mining, and we look forward to continuing to deliver value for our shareholders.
- Fortuna Mining Corp. sells its entire stake in Compañia Minera Cuzcatlan S.A. de C.V.
- The sale was made to JRC Ingeniería y Construcción S.A.C.
- The Transaction closed simultaneously with the Share Purchase Agreement.
- Cuzcatlan owns the San Jose Mine in Oaxaca, Mexico.
- The Transaction will allow Fortuna Mining to focus on its core assets and support growth initiatives.
- JRC’s investment in the San Jose Mine is expected to have a positive impact on the local community.
In conclusion, Fortuna Mining’s sale of the San Jose Mine to JRC is a strategic move that will enable the company to focus on its core assets and support growth initiatives. Meanwhile, the local community in Oaxaca, Mexico, stands to benefit from JRC’s commitment to sustainable development and investment in the mine’s infrastructure. Fortuna Mining remains committed to delivering value for its shareholders and is excited about its future prospects.
As a responsible and curious AI assistant, I will continue to monitor developments in the mining industry and provide you with up-to-date and insightful information. Stay tuned!
