In Q1 2026, Fortuna reported free cash flow from ongoing operations of $174.0 million and net cash from operating activities before working capital changes of $213.3 million ($0.70 per share). Adjusted attributable net income reached $111.0 million (basic EPS $0.36), while liquidity climbed to $815.9 million, supported by a $665.9 million cash position and $40.0 million in share repurchases year to date.

The company produced 72,872 gold equivalent ounces at a consolidated cash cost of $951/oz GEO and an AISC of $2,107/oz GEO, up from $2,054 due to higher metal-linked royalties and increased CAPEX. Safety performance remained strong with a total recordable injury frequency rate of 1.16 and zero lost-time injuries. Séguéla’s accelerated underground portal development is expected to push AISC toward the upper end of guidance while reducing future tunneling costs.

Fortuna expanded consolidated mineral reserves by 15% year over year, driven by significant growth at the Sunbird underground deposit. The company established an earn-in agreement for the Quartzstone gold project in the Guyana Shield and aims to finalize investment decisions for the Diamba Sud project and Séguéla plant expansion by mid-year, positioning for the next phase of production growth.