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Fortuna Mining to invest $71M in Argentina and Peru gold growth
The spending includes $41M at the Lindero mine in Argentina, targeting 92,000 to 102,000 ounces of gold output in 2026.
Fortuna Mining plans to invest $71 million in Argentina and Peru this year to support higher gold output and expand existing operations, with the program focused on its Lindero gold mine and its Caylloma polymetallic mine.
In Argentina, Fortuna will spend $41 million at Lindero in Salta province, where it expects to produce between 92,000 and 102,000 ounces of gold in 2026. The budget covers sustaining capital and exploration at Cerro Lindo and the Arizaro project, where drilling is expected to finish in the third quarter.
Fortuna said Lindero produced 20,829 ounces of gold in the second quarter, bringing first-half output to 42,374 ounces and keeping the mine on track for annual guidance. The company also expects improved processing reliability after major plant upgrades, aiming for higher crushing and stacking rates and stronger ore grades in the second half.
In Peru, Fortuna will invest an additional $29.9 million at Caylloma, where brownfield exploration and an expansion of the tailings storage facility are underway, reaching 28% completion as of last month. Caylloma produced 133,940 tonnes of ore in the second quarter, and Fortuna said first-half 2026 production of 19,016 gold equivalent ounces leaves the mine on pace for guidance of 29,000 to 33,000 GEO, while exploration is intended to extend mine life and support future resource growth.
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