• Fortuna Mining reported 42,016 ounces of gold production in Q1 2026, up 9% year-on-year.

• The company maintained its annual production guidance of 160,000–170,000 ounces for 2026.

• Operational improvements lifted gold recovery rates to 93.4%, supporting higher output.

In Côte d’Ivoire, the Séguéla gold mine delivered 42,016 ounces of gold in the first quarter of 2026. Fortuna Mining reported this figure in a statement released on April 9. The company said production increased by 9% compared with 38,500 ounces recorded in the same period in 2025.

Moreover, Fortuna Mining maintained its annual production target for the asset. The company expects Séguéla to produce between 160,000 and 170,000 ounces of gold in 2026.

The company expects Séguéla to sustain high output levels after recording approximately 10% year-on-year growth in 2025. Furthermore, early 2026 performance supports this trajectory.

Fortuna Mining attributed the increase in production to higher ore throughput and improved average grades. In addition, the company highlighted efficiency gains across processing operations.

The company stated: “The projects implemented in 2025 are already delivering results, with an increase in gold recovery rates from 92.1% in the previous quarter to 93.4%. We also observe a reduction in grinding media consumption and liner wear. Additional projects should be completed by the end of the year to further improve plant performance.”

Séguéla has maintained its ramp-up momentum since its commissioning in 2023. At the same time, the project benefits from a bullish gold market, where prices have more than doubled in value since last year.

In addition to royalties and taxes, the Ivorian state directly benefits from the project through a 10% equity stake, while Fortuna Mining holds the remaining 90%.

This article was initially published in French by Aurel Sèdjro Houenou

Adapted in English by Ange J.A de Berry Quenum