Fortuna Mining's Q3 Gold-Equivalent Production Dips Sequentially - TradingView

AI desk brief

Fortuna Mining reported Q3 2026 gold-equivalent production of 69,665 GEOs, down 3.9% both sequentially and versus Q3 2025, but kept full-year guidance of 281,000-305,000 GEOs. Séguéla was the main drag, with gold output down 19% q/q to 33,744 oz on lower tons milled, grade and recovery, while Lindero rose 24.9% q/q to 26,024 oz and Caylloma increased silver output to 247,367 oz alongside higher GEO, zinc and lead production.

The company also secured $109 million of board approval for a 30% expansion of the Séguéla processing plant, aimed at lifting capacity to 2.3 mtpa and supporting annual gold production above 200,000 oz from H2 2028. Peer data were mixed: Endeavour Silver posted 2.1 Moz of silver, up 19% y/y on the Kolpa acquisition, while First Majestic’s silver and gold output fell 11% and 17% y/y, respectively, due to a labor dispute at San Dimas.