Fortuna Mining approves USD 109 million expansion of Seguela gold mine in Ivory Coast
FSM•Capital, funding and timeline
Estimated construction capital is USD 109 million, with a projected payback period of about 2.5 years.
Funding is planned from operating cash flow, and liquidity stood near USD 800 million at the end of Q1 2026.
Construction is expected to start in H2 2026. Sunbird underground mining is slated for Q2 2027, and ramp-up to full 2.3 Mtpa is targeted in H2 2028.
Fortuna approves Seguela plant expansion
Fortuna Mining set a 30% expansion of the Séguéla gold mine processing plant in Côte d’Ivoire, lifting capacity to 2.3 Mtpa from 1.75 Mtpa.
Average gold recovery is targeted at 94.5%, and the plan supports average annual production above 200,000 ounces over the next decade.
