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Fortuna Mining (FVI) investor relations material
Fortuna Mining Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic positioning and growth
Positioned to capture high-value growth opportunities with a prudent capital allocation strategy and a strong balance sheet.
Focused on premier mining jurisdictions in Latin America and West Africa, with three operating mines and a major development project in Senegal.
2026 exploration budget set at $55 million, targeting both brownfields and greenfields opportunities across multiple countries.
Production and operational performance
Achieved 2025 gold equivalent output of 317,001 GEO, meeting guidance, with 2026 guidance of 281,000–305,000 GEO at an AISC of $1,830–$1,975 per GEO.
Q4 2025 production was 65,130 GEO, impacted by temporary downtime at Lindero, which was resolved by year-end.
Divestiture of non-core assets (San Jose and Yaramoko mines) streamlined the portfolio and contributed to a decrease in GEO production.
Financial highlights
FY 2025 sales reached $947.1 million, up 40% from 2024, with adjusted EBITDA of $514 million and free cash flow from operations of $330 million.
Q4 2025 sales were $270.2 million, with adjusted EBITDA of $157.2 million and adjusted attributable net income of $71.3 million.
Maintained a strong liquidity position, ending 2025 with $704 million in liquidity and $231 million in net cash.
- Record free cash flow and margin expansion drive robust 2025 results and future growth.FVI
Q4 202519 Feb 2026 - 2026 guidance targets up to 305,000 GEO with strong growth, robust balance sheet, and new Senegal project.FVI
Investor presentation19 Feb 2026 - Record sales, earnings, and cash flow, with higher costs and San Jose mine closure ahead.FVI
Q3 20249 Feb 2026 - Record gold output and net income, strong cash flow, and higher prices drive Q2 growth.FVI
Q2 20249 Feb 2026 - Q3 2025 saw record sales, strong net income, and advancing growth projects.FVI
Q3 20259 Feb 2026 - Record EBITDA margin and strong cash flow highlight robust Q2 2025 performance.FVI
Q2 20259 Feb 2026 - Record free cash flow, 44% sales growth, and major asset sales drive strong Q1 2025 results.FVI
Q1 20259 Feb 2026 - Record production, strong cash flow, and margin expansion highlight 2024 performance.FVI
Q4 202423 Dec 2025 - H1 2024 production and sales surged, with robust exploration and improved ESG ratings.FVI
Investor Presentation5 Dec 2025
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