Fortuna Mining (FVI) Investor presentation summary

Growth outlook

• Targeting ~500,000 GEO annual production from H2 2028, a 60% increase, driven by the Séguéla expansion and Diamba Sud.

• Three operating mines anchor the portfolio; 2026E production mix is 56% West Africa and 44% Latin America.

• Mineral inventory totals 4.11 Moz GEO in Proven and Probable Reserves, 1.02 Moz in Measured and Indicated Resources, and 2.16 Moz in Inferred Resources.

Operations and guidance

• 2026E production guidance is 281,000–305,000 GEO at estimated AISC of $1,830–$1,975/GEO; Q3 production of 69,665 GEO keeps the outlook on track.

• Nine-month 2026 production reached 214,754 GEO; Q3 production included 33,744 oz Au at Séguéla, 26,024 oz Au at Lindero, and 9,897 GEO at Caylloma.

• The three operating mines have reserve lives of 9 years at Séguéla, 9 years at Lindero, and 4 years at Caylloma.

Financial position and returns

• H1 2026 sales rose 55% YoY to $660.9M, free cash flow from ongoing operations rose 109% to $259.7M, and adjusted attributable net income increased 132% to $186.5M.

• At June 30, 2026, liquidity was $756.7M and net cash was $435M; $106.6M was returned through share buybacks YTD.

• H1 2026 free cash flow was more than double H1 2025; Q2 free cash flow was $85.7M and adjusted attributable net income was $75.5M.