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Fortuna reports updated Mineral Reserves and Mineral Resources
Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) reported updated Mineral Reserve and Mineral Resource estimates as of December 31, 2024, for its operating mines and projects in West Africa and the Americas. Consolidated Inferred Mineral Resources increased 29% year-over-year to 2.2M gold equivalent ounces (GEOs). Consolidated Measured and Indicated Resources (exclusive of Mineral Reserves) increased 36% to 1.5M GEOs. Consolidated Proven and Probable Mineral Reserves decreased 11% to 2.7M GEOs due to 2024 production depletion, partially offset by resource upgrades. The estimates adhere to the 2014 CIM Definition Standards.
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