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    Is Fortuna Mining’s (TSX:FVI) Séguéla Expansion Study Quietly Redefining Its Risk And Growth Balance?

    Simply Wall St·12/06/2025 04:33:43
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    • In recent days, Fortuna Mining Corp. awarded Lycopodium Minerals Canada Ltd. a contract to study expanding the Séguéla Mine processing plant in Côte d’Ivoire, targeting a 15–40% increase in throughput and the potential to lift annual gold output above 200,000 ounces.
    • This move underscores Fortuna’s push toward 500,000 ounces of annual gold equivalent production within three years, highlighting Séguéla’s central role in its growth and asset-concentration risk profile.
    • We’ll now examine how this planned Séguéla plant expansion study could reshape Fortuna’s investment narrative and its production mix.

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    Fortuna Mining Investment Narrative Recap

    To own Fortuna today, you need to believe it can turn a more concentrated portfolio of mines into sustainable, lower cost production while managing higher geopolitical and regulatory exposure. The Séguéla expansion study matters because it directly targets higher output from one of Fortuna’s core assets, which could support its 500,000 ounce goal, but it also intensifies the short term risk that any operational or permitting issue at Séguéla would have an outsized impact.

    The updated November 2025 Séguéla reserve and resource statement is especially relevant here, as it outlined 1.2 million ounces in reserves and sizeable additional resources at satellite deposits. Together with the new plant expansion study, this points to Séguéla remaining central to Fortuna’s production mix and to the key catalysts around execution, cost control and permitting that investors are watching most closely.

    Yet investors should also weigh how higher all in sustaining costs and rising capital commitments could interact with...

    Read the full narrative on Fortuna Mining (it's free!)

    Fortuna Mining's narrative projects $1.0 billion revenue and $235.3 million earnings by 2028. This assumes revenue will decrease by 4.5% per year and an earnings increase of about $64 million from $171.2 million today.

    Uncover how Fortuna Mining's forecasts yield a CA$12.71 fair value, in line with its current price.

    Exploring Other Perspectives

    TSX:FVI Community Fair Values as at Dec 2025
    TSX:FVI Community Fair Values as at Dec 2025

    Three members of the Simply Wall St Community currently see Fortuna’s fair value between CA$9.80 and CA$13.68, underscoring how far opinions can spread. Against that backdrop, Séguéla’s planned throughput expansion study could meaningfully influence future production mix and cost outcomes, so it is worth comparing several independent views before forming your own.

    Explore 3 other fair value estimates on Fortuna Mining - why the stock might be worth 23% less than the current price!

    Build Your Own Fortuna Mining Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.