FSM

Fortuna Mining Corp. announced positive results from its 2026 infill drilling program at the Lindero gold porphyry deposit in Argentina. The drilling confirmed gold mineralization extends significantly below the current life-of-mine pit design, with multiple intersections showing gold grades consistent with or higher than block model estimates. The company plans to incorporate these results into an updated block model and pit design by year-end, supporting a revised life-of-mine plan and updated mineral reserve estimate for release in Q1 2027.

Fortuna Mining produced 69,665 gold-equivalent ounces in Q3 2026, down 3.9% sequentially and year-over-year, though the company remains on track for its 2026 production target. The Séguéla mine saw a 19% sequential decline but is expected to recover in Q4.

FSM approved a $109M expansion to boost Séguéla's capacity and support over 200,000 ounces of annual output from H2 2028. Endeavour Silver and First Majestic Silver also reported Q3 results with mixed performance.