Fortuna Mining Submits Exploitation Permit Application for Diamba Sud Gold Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy FSM?
Fortuna Mining announced that it submitted an application for an exploitation permit for the Diamba Sud gold project to the Ministry of Energy, Petroleum, and Mines on February 4. The company said, "The Company continues to advance early works and engineering at Diamba Sud, including site preparation activities and detailed engineering programs designed to de-risk critical path activities and support the feasibility study. Fortuna also plans to publish an updated Mineral Resource estimate for Diamba Sud by the end of the month. This update will form the basis for the estimation of Mineral Reserves to be used in the feasibility study and will support the evaluation of a potential construction decision targeted for mid-2026. Robust project economics were demonstrated in the Preliminary Economic Assessment completed in October 2025."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FSM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FSM
Wall Street analysts forecast FSM stock price to fall
4 Analyst Rating
3 Buy
0 Hold
1 Sell
Moderate Buy
Current: 10.390
Low
6.48
Averages
9.59
High
11.00
Current: 10.390
Low
6.48
Averages
9.59
High
11.00
About FSM
Fortuna Mining Corp. is a Canadian precious metals mining company. The Company's mines include Seguela Mine, Lindero Mine and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 kilometers (kms) from Abidjan, via highways to the regional city of Seguela. The Seguela Mine in Cote d’Ivoire consists of the Antenna, Koula, Agouti, Boulder, Ancien, and Sunbird deposits, which may be mined via open-pit methods. Within a total land package of 62,000 hectares, there are more than 30 highly prospective targets. The Lindero Mine is an open pit mine, which is located in Salta, Argentina and includes gold porphyry deposits. The Caylloma Mine is located in the Caylloma District of Arequipa, Peru, which produces silver, gold, zinc, and lead. The site is 4,500 meters above sea level and includes the mine, a processing plant, and related infrastructure. The Company's Diamba Sud project is located in Senegal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fortuna Mining Discovers High-Grade Gold at Sunbird Deposit in Côte d'Ivoire
- Mineralization Extension: Fortuna Mining's ongoing drilling at the Sunbird deposit in Côte d'Ivoire has successfully extended mineralization at depth, with recent results from drill hole SGRD2473 showing 15.4 g/t Au at 478 meters, indicating significant potential for resource growth in the area.
- Drilling Progress: With five drill rigs currently operating at Sunbird, a total of 22 drill holes have been completed, totaling 9,816 meters, further confirming high-grade gold mineralization and potentially enhancing the company's resource base significantly.
- High-Grade Results: Drill hole SGDD149 reported 13.0 g/t Au at a depth of 686 meters, delineating high-grade mineralization approximately 400 meters beyond the existing resource boundaries, which may support future production capabilities.
- Ongoing Drilling Plans: Mineralization at the site remains open at depth and along strike, with drilling expected to continue throughout 2026, laying a solid foundation for the company's long-term growth in the gold market.
See More
Fortuna Mining Expands Sunbird Deposit at Séguéla Mine
- Deposit Extension: Fortuna Mining's recent drilling results at the Sunbird deposit in the Séguéla Mine indicate successful mineralization extension at depth, particularly expanding a second high-grade mineralized shoot, highlighting significant resource growth potential.
- Drilling Highlights: The latest drill hole SGRD2473 reported high-grade mineralization of 15.4 g/t Au over an estimated true width of 4.2 meters, further confirming the extensive nature of deep mineralization, which is expected to enhance the company's competitive position in the gold market.
- Drilling Program: Currently, five drill rigs are focused on the Sunbird deposit, with 22 drill holes completed totaling 9,816 meters, aimed at increasing underground resource confidence and extending existing reserves, with drilling expected to continue throughout 2026.
- Resource Potential: Drilling results indicate that mineralization remains open approximately 400 meters beyond the existing resource and reserve envelopes, particularly with SGDD149 showing 13.0 g/t Au, suggesting promising future resource growth opportunities.
See More
Fortuna Mining Announces 2025 Financial Results Release Schedule
- Financial Report Schedule: Fortuna Mining Corp. will release its fourth quarter and full year 2025 financial statements and MD&A on February 18, 2026, after market close, providing critical financial data and operational performance insights for investors.
- Conference Call Details: A conference call is scheduled for February 19, 2026, at 9:00 a.m. Pacific time (12:00 p.m. Eastern time), hosted by key executives including CEO Jorge A. Ganoza, to discuss the financial and operational results.
- Participation Options: Shareholders, analysts, and media can join the call via a webcast or by dialing in, with toll-free and international numbers provided to ensure broad participation and information dissemination.
- Playback Information: The earnings call will be available for playback until March 5, 2026, and the webcast will be accessible until February 19, 2027, allowing investors who missed the live event to access important information.
See More
Fortuna Mining Submits Exploitation Permit for Diamba Sud Gold Project
- Permit Application: Fortuna Mining submitted an application for an exploitation permit for the Diamba Sud Gold Project to the Ministry of Energy, Petroleum, and Mines on February 4, 2026, marking a critical step in the project's approval process that is expected to lay the groundwork for future construction decisions.
- Engineering Progress: The company is advancing early works and site preparation activities at Diamba Sud, including detailed engineering programs designed to de-risk critical path activities, thereby ensuring the feasibility study proceeds smoothly.
- Resource Estimate Update: Fortuna plans to publish an updated Mineral Resource estimate for Diamba Sud by the end of February, which will serve as the basis for estimating Mineral Reserves and support a potential construction decision targeted for mid-2026.
- Economic Assessment Results: The Preliminary Economic Assessment (PEA) completed in October 2025 demonstrated robust project economics, further enhancing investor confidence in the project and providing support for subsequent financing and development efforts.
See More
Fortuna Mining Submits Exploitation Permit Application for Diamba Sud Gold Project
- Permit Application Submitted: Fortuna Mining submitted an exploitation permit application for the Diamba Sud Gold Project to the Ministry of Energy, Petroleum, and Mines on February 4, 2026, marking a critical step in the project's approval process, which is expected to facilitate future construction decisions.
- Engineering Progress Accelerated: The company is advancing early works and detailed engineering at Diamba Sud, employing site preparation and engineering programs to de-risk critical path activities, thereby supporting the feasibility study and ensuring smooth project execution.
- Resource Estimate Update: Fortuna plans to publish an updated Mineral Resource estimate for Diamba Sud by the end of February, which will form the basis for estimating Mineral Reserves and support a potential construction decision targeted for mid-2026, further enhancing the project's economic viability.
- Economic Assessment Results: The Preliminary Economic Assessment completed in October 2025 demonstrated robust project economics, providing strong data support for the company's future investment decisions and highlighting the potential value of the Diamba Sud project.
See More
Analysis of Gold and Silver Price Rebound
- Market Volatility Analysis: Following a plunge of 10% in gold and 30% in silver prices around January 30, a rebound has occurred, highlighting the fragility of the commodities market, where investor reactions to tightening liquidity have exacerbated trading volatility.
- Investor Confidence Recovery: Despite recent price fluctuations, market experts assert that the fundamentals for gold and silver have not deteriorated; rather, a rapid shift in leverage usage and geopolitical tensions have led to panic selling among traders.
- Buying Opportunity for Gold and Silver: Market consensus suggests that now is a good time to buy gold and silver on the dip, particularly for companies like Agnico Eagle Mines and First Majestic Silver, which are expected to see significant dividend and earnings growth supported by analysts.
- ETF Investment Opportunities: For risk-averse investors, gold and silver ETFs offer a relatively simple and low-risk way to invest, making them an ideal choice for those looking to capitalize on rising metal prices while diversifying their risk and potential returns.
See More
Fortuna Mining Discovers High-Grade Gold at Sunbird Deposit in Côte d'Ivoire
- Mineralization Extension: Fortuna Mining's ongoing drilling at the Sunbird deposit in Côte d'Ivoire has successfully extended mineralization at depth, with recent results from drill hole SGRD2473 showing 15.4 g/t Au at 478 meters, indicating significant potential for resource growth in the area.
- Drilling Progress: With five drill rigs currently operating at Sunbird, a total of 22 drill holes have been completed, totaling 9,816 meters, further confirming high-grade gold mineralization and potentially enhancing the company's resource base significantly.
- High-Grade Results: Drill hole SGDD149 reported 13.0 g/t Au at a depth of 686 meters, delineating high-grade mineralization approximately 400 meters beyond the existing resource boundaries, which may support future production capabilities.
- Ongoing Drilling Plans: Mineralization at the site remains open at depth and along strike, with drilling expected to continue throughout 2026, laying a solid foundation for the company's long-term growth in the gold market.
See More
Fortuna Mining Expands Sunbird Deposit at Séguéla Mine
- Deposit Extension: Fortuna Mining's recent drilling results at the Sunbird deposit in the Séguéla Mine indicate successful mineralization extension at depth, particularly expanding a second high-grade mineralized shoot, highlighting significant resource growth potential.
- Drilling Highlights: The latest drill hole SGRD2473 reported high-grade mineralization of 15.4 g/t Au over an estimated true width of 4.2 meters, further confirming the extensive nature of deep mineralization, which is expected to enhance the company's competitive position in the gold market.
- Drilling Program: Currently, five drill rigs are focused on the Sunbird deposit, with 22 drill holes completed totaling 9,816 meters, aimed at increasing underground resource confidence and extending existing reserves, with drilling expected to continue throughout 2026.
- Resource Potential: Drilling results indicate that mineralization remains open approximately 400 meters beyond the existing resource and reserve envelopes, particularly with SGDD149 showing 13.0 g/t Au, suggesting promising future resource growth opportunities.
See More
Fortuna Mining Announces 2025 Financial Results Release Schedule
- Financial Report Schedule: Fortuna Mining Corp. will release its fourth quarter and full year 2025 financial statements and MD&A on February 18, 2026, after market close, providing critical financial data and operational performance insights for investors.
- Conference Call Details: A conference call is scheduled for February 19, 2026, at 9:00 a.m. Pacific time (12:00 p.m. Eastern time), hosted by key executives including CEO Jorge A. Ganoza, to discuss the financial and operational results.
- Participation Options: Shareholders, analysts, and media can join the call via a webcast or by dialing in, with toll-free and international numbers provided to ensure broad participation and information dissemination.
- Playback Information: The earnings call will be available for playback until March 5, 2026, and the webcast will be accessible until February 19, 2027, allowing investors who missed the live event to access important information.
See More
Fortuna Mining Submits Exploitation Permit for Diamba Sud Gold Project
- Permit Application: Fortuna Mining submitted an application for an exploitation permit for the Diamba Sud Gold Project to the Ministry of Energy, Petroleum, and Mines on February 4, 2026, marking a critical step in the project's approval process that is expected to lay the groundwork for future construction decisions.
- Engineering Progress: The company is advancing early works and site preparation activities at Diamba Sud, including detailed engineering programs designed to de-risk critical path activities, thereby ensuring the feasibility study proceeds smoothly.
- Resource Estimate Update: Fortuna plans to publish an updated Mineral Resource estimate for Diamba Sud by the end of February, which will serve as the basis for estimating Mineral Reserves and support a potential construction decision targeted for mid-2026.
- Economic Assessment Results: The Preliminary Economic Assessment (PEA) completed in October 2025 demonstrated robust project economics, further enhancing investor confidence in the project and providing support for subsequent financing and development efforts.
See More
Fortuna Mining Submits Exploitation Permit Application for Diamba Sud Gold Project
- Permit Application Submitted: Fortuna Mining submitted an exploitation permit application for the Diamba Sud Gold Project to the Ministry of Energy, Petroleum, and Mines on February 4, 2026, marking a critical step in the project's approval process, which is expected to facilitate future construction decisions.
- Engineering Progress Accelerated: The company is advancing early works and detailed engineering at Diamba Sud, employing site preparation and engineering programs to de-risk critical path activities, thereby supporting the feasibility study and ensuring smooth project execution.
- Resource Estimate Update: Fortuna plans to publish an updated Mineral Resource estimate for Diamba Sud by the end of February, which will form the basis for estimating Mineral Reserves and support a potential construction decision targeted for mid-2026, further enhancing the project's economic viability.
- Economic Assessment Results: The Preliminary Economic Assessment completed in October 2025 demonstrated robust project economics, providing strong data support for the company's future investment decisions and highlighting the potential value of the Diamba Sud project.
See More
Analysis of Gold and Silver Price Rebound
- Market Volatility Analysis: Following a plunge of 10% in gold and 30% in silver prices around January 30, a rebound has occurred, highlighting the fragility of the commodities market, where investor reactions to tightening liquidity have exacerbated trading volatility.
- Investor Confidence Recovery: Despite recent price fluctuations, market experts assert that the fundamentals for gold and silver have not deteriorated; rather, a rapid shift in leverage usage and geopolitical tensions have led to panic selling among traders.
- Buying Opportunity for Gold and Silver: Market consensus suggests that now is a good time to buy gold and silver on the dip, particularly for companies like Agnico Eagle Mines and First Majestic Silver, which are expected to see significant dividend and earnings growth supported by analysts.
- ETF Investment Opportunities: For risk-averse investors, gold and silver ETFs offer a relatively simple and low-risk way to invest, making them an ideal choice for those looking to capitalize on rising metal prices while diversifying their risk and potential returns.
See More
