Fortuna Mining (FVI) Investor presentation summary

Strategic positioning and growth

• Positioned for high-value growth with a focus on premier mining jurisdictions in West Africa and Latin America.

• Five mines built across West Africa and Latin America, with significant mineral reserves and resources totaling 3.0 Moz GEO reserves and 2.2 Moz measured & indicated resources.

• Returned $40 million to shareholders in 2026 YTD through share repurchases, totaling $90.3 million since 2024.

• Maintains a fortress balance sheet with a net cash position exceeding $380 million at 2025 year-end.

Production and operational guidance

• 2026 production guidance of 281,000–305,000 GEO at an AISC of $1,830–$1,975/GEO.

• Q1 2026 production reached 72,872 GEO, on track to meet annual guidance.

• Séguéla Mine (Côte d'Ivoire) targets 160,000–170,000 oz Au in 2026, with expansion study aiming for 200,000+ oz Au/year.

• Lindero Mine (Argentina) expects 92,000–102,000 oz Au in 2026, with ongoing resource expansion drilling.

• Caylloma Mine (Peru) projects 29,000–33,000 GEO in 2026, with all energy sourced from renewables.

Key projects and exploration

• Diamba Sud Gold Project (Senegal) advanced to early construction, with a $100 million 2026 budget and a mid-2026 construction decision expected.

• Diamba Sud PEA projects 147,000 oz Au/year for the first 3 years at $904/oz AISC, after-tax NPV5% of $563 million, and IRR of 72%.

• Séguéla Mine expansion feasibility study due Q2 2026, targeting 15–40% throughput increase.

• 2026 exploration budget of $55 million, with major drilling programs across Argentina, Côte d'Ivoire, Senegal, Guyana, and Peru.