Fortuna Mining
- Company typePublic
- Founded2005
- HeadquartersVancouver, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Fortuna Mining firmographics
Firmographics- Name
- Fortuna Mining
- Legal name
- Fortuna Mining Corp.
- Website
- https://fortunamining.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Fortuna Mining industry classification
Industry- Product category
- Precious Metals Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)
Keywords
Where Fortuna Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices6 records
Markets served
Fortuna Mining business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain, Others
Revenue model
- Gold Production and Sales: Fortuna generates the majority of its revenue from the production and sale of gold doré bars, produced at its three operating mines (Séguéla in Côte d'Ivoire, Lindero in Argentina, and Caylloma in Peru). Gold is sold to refiners and commodity traders, with pricing linked to spot gold market prices. Realized gold prices averaged $4,884/oz in Q1 2026 and $4,166/oz in Q4 2025.
- Silver and Base Metal Concentrate Sales: The Caylloma Mine in Peru produces silver, lead, and zinc as co-products/by-products. Silver is recovered as doré or concentrate; lead and zinc are sold as concentrates to smelters under offtake agreements. These co-product revenues provide diversification against gold price volatility.
- Exploration and Development Asset Appreciation: The company creates value through exploration success that expands mineral reserves and resources. In 2026, consolidated mineral reserves grew 15% year-over-year to 3.0 million GEOs, supporting long-term revenue generation potential.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Fortuna Mining product offering
Product offeringCore offering
Fortuna Mining is a Canadian mid-tier precious metals producer that operates three producing mines — the Séguéla gold mine in Côte d'Ivoire, the Lindero gold mine in Argentina, and the Caylloma polymetallic (silver, lead, zinc, gold) mine in Peru. The company sells gold doré bars to refiners and base metal concentrates (lead, zinc) to smelters at prevailing commodity market prices, with a development pipeline anchored by the Diamba Sud Gold Project in Senegal.
Product overview
Fortuna Mining is a Canadian mid-tier precious metals mining company with three operating mines and exploration projects in Latin America and West Africa. The company produces gold, silver, zinc, and lead. Its core operating assets are the Séguéla Mine (gold, Côte d'Ivoire), Lindero Mine (gold, Argentina), and Caylloma Mine (silver-polymetallic, Peru). Growth is driven by the Diamba Sud Gold Project in Senegal (targeting construction decision in mid-2026), the Quartzstone Project in Guyana (earn-in agreement), and the Arizaro Gold Project in Argentina. The company also maintains regional exploration programs in West Africa, including the Tongon Nth prospect in Côte d'Ivoire and the Siguiri Basin alliance in Guinea.
Differentiator
Problem solved
Functional benefit
Products and services
- Séguéla Mine Open-pit gold mine in Côte d'Ivoire operated by Roxgold Sango S.A. (90% Fortuna, 10% State of Côte d'Ivoire) producing gold doré bars sold to refiners at spot prices. Conventional open-pit mining with SAG milling, gravity recovery, and CIL processing at 3,750 tpd capacity.
- Lindero Mine Open-pit gold mine in Salta, Argentina (3,500–4,000 m elevation) operated by Mansfield Minera S.A. (100% Fortuna). Gold porphyry deposit processed via heap leaching with SART and ADR processing plants producing gold doré bars.
- Caylloma Mine Underground polymetallic mine in Arequipa, Peru (4,500 m elevation) operated by Compania Minera Bateas S.A.C. (100% Fortuna). Produces silver, gold, zinc, and lead concentrates via cut-and-fill mining and flotation processing, sold to smelters.
- Quartzstone Project Gold exploration property in north-central Guyana covering 29,600 hectares of greenstone belt. Historical drilling has identified multiple high-grade near-surface gold zones including intercepts of up to 101.58 g/t Au over 13.1 meters.
- Arizaro Gold Project Gold-porphyry exploration project located 3 km from the Lindero Mine in Salta, Argentina. Represents a brownfield exploration opportunity with similar geology to the producing Lindero deposit.
Quantifiable outcome
- 15% year-over-year increase in consolidated mineral reserves to 3.0 million GEOs, driven by resource-to-reserve conversions at Séguéla's Sunbird deposit (34% underground reserve growth, 55% inferred resource growth)
- +4 more outcomes
Companies that use Fortuna Mining
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles2 records
Fortuna Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Fortuna Mining partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Lycopodium Minerals Canada Ltd.minorLycopodium Minerals Canada Ltd. was selected by Fortuna to conduct a feasibility study for the expansion of the processing plant at the Séguéla Mine in Côte d'Ivoire, targeting a capacity increase of 15 to 40 percent. The study was expected to conclude by Q2 2026, supporting Fortuna's goal of increasing annual gold production at the mine.
- DeSoto Resources LimitedminorIn October 2025, Fortuna executed a binding Heads of Agreement with DeSoto Resources Limited, an Australian-listed gold exploration company, to establish an exploration alliance and joint venture across the highly prospective Siguiri Basin in Guinea. The agreement provides Fortuna with an entry into a new highly prospective West African region, working alongside a team with a proven track record of discovery across West Africa.
- Qstone Inc.minorFortuna entered into an earn-in agreement with Qstone Inc., a private Guyanese company, to earn up to a 70% interest in the Quartzstone Project (29,600 hectares, greenstone belt in north-central Guyana). To earn an initial 51%, Fortuna must complete 60,000 meters of drilling within four years and paid a non-refundable $5M cash option premium. Historical drilling identified multiple high-grade near-surface gold zones including intercepts of up to 101.58 g/t Au over 13.1 meters.
Scale indicators16 records
Recent moves9 records
Expansion highlights4 records
Fortuna Mining competitors and assessment
Company assessmentDirect peers
- Endeavour Mining: Mid-tier gold producer with a portfolio of West African mines (notably Côte d'Ivoire, Burkina Faso, Senegal). Closely comparable to Fortuna on scale, geography, and gold-only focus.
- IAMGOLD Corporation: Mid-tier gold miner with significant West African operating presence (Essakane in Burkina Faso, Côté Lake in Canada) and a development project pipeline. Similar size, mix of producing and development assets, comparable geography mix.
- Kinross Gold Corporation: Mid/large gold producer with diversified operating mines across the Americas and West Africa (including Tasiast in Mauritania). Comparable in size, gold-only focus, and multi-jurisdictional footprint.
- Equinox Gold Corp. Multi-asset gold producer with operations in Canada, the US, Mexico, and Brazil. Similar mid-tier scale, gold-focused, and uses a multi-mine platform model with brownfield exploration.
- Centerra Gold Inc. Canadian mid-tier gold producer operating mines in Canada, Turkey, and Kyrgyzstan, with gold and copper by-products. Closely comparable on size, jurisdictional mix, and TSX/NYSE-listed mid-tier profile.
- Pan American Silver Corp. Mid-tier silver and gold producer with Latin American mines including Peru. Highly comparable for the Caylloma silver-lead-zinc asset and Fortuna's legacy identity as a silver producer.
Broad incumbents
- Agnico Eagle Mines Limited: Large senior gold producer with operations across Canada, Australia, Finland, and Mexico. Overlapping gold-focused portfolio model but at substantially larger scale than Fortuna.
- Barrick Gold Corporation: One of the world's largest gold miners with a global portfolio including West Africa and Latin America. Operates at much greater scale than Fortuna but competes for the same investor capital in the gold space.
- Newmont Corporation: The world's largest gold producer with a globally diversified mine portfolio including West Africa and Peru. Industry-wide benchmark for senior gold producers and a direct competitor for institutional gold equity flows.
- Gold Fields Limited: Major gold producer with operations in Australia, Ghana, South Africa, Peru, and Chile. Larger scale incumbent with diversified gold exposure overlapping Fortuna's precious metals focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Fortuna Mining social profiles
Digital presenceFortuna Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fortuna Mining leadership team
Management profileNumber of profiles
Profiles10 records
Fortuna Mining subsidiaries and ownership
Company hierarchySubsidiaries4 records
Fortuna Mining funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fortuna Mining M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fortuna Mining
What does Fortuna Mining do?
Fortuna Mining is a Canadian mid-tier precious metals producer that operates three producing mines — the Séguéla gold mine in Côte d'Ivoire, the Lindero gold mine in Argentina, and the Caylloma polymetallic (silver, lead, zinc, gold) mine in Peru. The company sells gold doré bars to refiners and base metal concentrates (lead, zinc) to smelters at prevailing commodity market prices, with a development pipeline anchored by the Diamba Sud Gold Project in Senegal.
Is Fortuna Mining a public or private company?
Fortuna Mining is a public company. It is classified as public and is currently operating.
When was Fortuna Mining founded?
Fortuna Mining was founded in 2005. It employs 1,001 to 5,000 people.
Where is Fortuna Mining based?
Fortuna Mining is headquartered in Vancouver, Canada, in the North America region.
How does Fortuna Mining make money?
Three revenue lines are on record. Gold Production and Sales are the primary driver. The others are silver and Base Metal Concentrate Sales and exploration and Development Asset Appreciation.
Who are Fortuna Mining's main competitors?
Direct peers on record are Endeavour Mining, IAMGOLD Corporation, Kinross Gold Corporation, Equinox Gold Corp., Centerra Gold Inc. and Pan American Silver Corp.. Broad incumbents are Agnico Eagle Mines Limited, Barrick Gold Corporation, Newmont Corporation and Gold Fields Limited.
Does Fortuna Mining have an API?
No public API is recorded for Fortuna Mining.
What industry is Fortuna Mining in?
Fortuna Mining's product category is Precious Metals Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAB, Silver Mining. Its NAICS code is 21222 and its SIC code is 1040.