• Fortuna Mining now estimates Séguéla’s mineral reserves at 1.2 million ounces, up 11% from the December 2024 estimate.
• The updated figure includes first-ever reserves from the Kingfisher deposit and expansion at several others, extending mine life to 7.5 years.
• Fortuna plans to boost plant capacity by 25% to 2–2.5 million tonnes and targets 147,000 ounces of production in 2025.

Fortuna Mining said on Tuesday, November 18, that the Séguéla gold mine now hosts 1.2 million ounces of mineral reserves. The company reported that the figure represents an 11% increase compared with the previous estimate dated December 31, 2024.

The new estimate results from progress made over recent months during ongoing exploration activities on the site. The update includes the first declared mineral reserves from the Kingfisher deposit, while the Sunbird deposit continues to expand. The Antenna, Koula, Ancien, Agouti and Badior deposits also feature in the revised estimate.

This development advances Fortuna’s strategy to extend the operating life of Séguéla. When the mine entered production in 2023, it had a projected life of seven years. Based on current reserves, Fortuna estimates it can maintain production for another 7.5 years, indicating reserve replacement driven by recent discoveries.

Fortuna plans to continue exploration with five drill rigs currently active. The company aims to convert more mineral resources into higher-confidence categories, particularly within the underground section of Sunbird, which remains central to extending mine life.

Fortuna said these advances have allowed it to launch technical studies that target a 25% increase in the mine’s processing plant capacity, bringing throughput to between 2 million and 2.5 million tonnes. In the meantime, Séguéla continues operating with a 2025 production target of 147,000 ounces. The project remains 90% owned by Fortuna and 10% by the Ivorian state.

This article was initially published in French by Aurel Sèdjro Houenou

Adapted in English by Ange Jason Quenum