Fortuna Advances Senegal Gold Project with Exploitation Permit Application — Fortuna Mining Corp.

Event summary

Fortuna Mining Corp. submitted an exploitation permit application for the Diamba Sud Gold Project in Senegal on February 4, 2026.
The company is advancing early works and engineering at Diamba Sud, including site preparation and detailed engineering programs.
An updated Mineral Resource estimate for Diamba Sud is expected by the end of February 2026.
A construction decision for the project is targeted for mid-2026, following a feasibility study.

The big picture

Fortuna's submission of the exploitation permit application for the Diamba Sud Gold Project marks a critical step in advancing the project towards construction. The project's progress is part of a broader trend in the mining sector, where companies are increasingly focusing on de-risking and advancing high-potential gold projects in politically stable regions. The successful development of Diamba Sud could significantly enhance Fortuna's production profile and contribute to its long-term growth strategy.

What we're watching

Permit Timing: Whether the exploitation permit will be granted within the expected timeline, as delays could impact the mid-2026 construction decision target.
Resource Conversion: The pace at which Mineral Resources will be converted to Mineral Reserves, which will underpin the feasibility study and construction decision.
Project Economics: How the updated Mineral Resource estimate and feasibility study will affect the project's economics, following the robust economics demonstrated in the Preliminary Economic Assessment.