Fortuna Mining's Q3 Gold-Equivalent Production Dips Sequentially - Yahoo Finance

AI desk brief

Fortuna Mining reported Q3 2026 ongoing-operation production of 69,665 gold-equivalent ounces, down 3.9% both sequentially and year over year, but said it remains on track to meet full-year guidance of 281,000-305,000 GEOs. Séguéla was the main drag at 33,744 oz gold, down 19% q/q on lower tons milled, grade and recovery, while Lindero rose 24.9% q/q to 26,024 oz and Caylloma lifted silver output to 247,367 oz with 9,897 GEOs.

The company also secured board approval for a $109 million, 30% expansion of Séguéla’s processing plant, which should raise capacity to 2.3 million tpa and support annual gold production above 200,000 oz from 2H28. Peer updates were mixed: Endeavour Silver posted 2.1 million oz silver, up 19% y/y, while First Majestic’s silver and gold output fell 11% and 17% respectively, hit by a labor dispute at San Dimas.