Fortuna Renews Buyback to Acquire up to 15.2M Shares from May 2026
Fortuna’s Board approved an NCIB to repurchase up to 15,227,869 common shares, representing 5% of its 304,557,387 outstanding shares as of April 10, 2026, effective May 4, 2026 to May 3, 2027. Under the program, shares may be repurchased through open market or automatic plans and cancelled.
1. NCIB Renewal
Fortuna’s Board approved renewal of its normal course issuer bid to repurchase up to 15,227,869 common shares, representing 5% of 304,557,387 outstanding shares, effective May 4, 2026 until May 3, 2027 or earlier if limits are reached or the program is terminated.
2. Repurchase Mechanisms
Under the NCIB, repurchases may occur via the NYSE open market, an automatic share purchase plan (ASPP) and an issuer share purchase plan (ISPP), subject to Rule 10b-18 restrictions, blackout periods and legal requirements, with all repurchased shares cancelled.
3. Prior Buyback Activity
As of April 16, 2026, Fortuna repurchased 3,400,000 common shares under its prior NCIB at a weighted-average price of US$9.53 per share, with those shares subsequently cancelled.