African Assets Drive Fortuna Mining’s Strong Q1 2025 Performance

Precious metals mining company Fortuna Mining has reported record free cash flow of $111.3 million in Q1 2025, with a significant boost from its African assets.

Fortuna Mining’s strong results were boosted significantly by the Séguéla Mine in Ivory Coast, which produced 38,500 ounces of gold in 2025 – up 12% year-over-year – driven by increased ore processing volumes.

The mine’s strong performance contributed to Fortuna’s total gold equivalent production of 103,459 ounces for the quarter. While cash costs at Séguéla rose to $650 per ounce due to higher stripping and processing expenses, it remains one of the company’s most productive assets, operating at 40% above nameplate mill capacity.

In a strategic move to focus on high-value assets, Fortuna Mining closed the sale of its San Jose Mine in Mexico and announced a planned divestment of the Taramoko Mine in Burkina Faso. These sales will reallocate around $50 million in capital toward its strongest operations, including the Séguéla Mine.