VANCOUVER, British Columbia — January 8, 2026 — Leads & Copy — Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) has announced the repurchase of 1,700,000 common shares on the open market of the New York Stock Exchange between December 23, 2025, and January 7, 2026, under its normal course issuer bid (NCIB).
The shares were acquired at a weighted-average price of $10.01 per share, resulting in a total gross consideration of $17,019,894, excluding brokerage fees. According to the news release, all repurchased shares will be canceled.
To date, Fortuna has repurchased approximately 11 percent of the 15,347,999 shares authorized under the NCIB, as detailed in a prior news release dated April 30, 2025.
Fortuna’s organic growth pipeline in West Africa continues to advance on multiple fronts. At Diamba Sud, early works are underway, with engineering and procurement activities progressing and ground broken for the new accommodation camp. Supported by the robust PEA economics (refer to Fortuna news release dated October 15, 2025), the Company is advancing a feasibility study targeted for the second quarter of 2026 and is progressing the following:
Continuing the early works program to materially de-risk the execution schedule ahead of full development.
Securing approval of the environmental and social impact assessment (ESIA) in the first quarter of 2026.
Applying for and receiving an exploitation permit before the expiry of the exploration permit in June 2026, positioning Diamba Sud for a construction decision soon thereafter.
At Séguéla, a processing plant expansion feasibility study is underway to evaluate options to support long-term production growth driven by ongoing resource expansion, including the potential future incorporation of underground mineralization at the Sunbird deposit into the mine plan.
Fortuna Mining Corp. is a Canadian precious metals mining company operating three mines and managing a portfolio of exploration projects across Argentina, Côte d’Ivoire, Mexico, and Peru, along with the Diamba Sud Gold Project in Senegal. The company emphasizes sustainability, focusing on efficient production, environmental stewardship, and social responsibility.
Jorge A. Ganoza is the President, CEO, and Director of Fortuna Mining Corp.
Carlos Baca can be contacted for Investor Relations at info@fmcmail.com
Source: Fortuna Mining Corp.
