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Fortuna Mining to expand Séguéla gold mine, targeting 200,000 oz/yr

The overhaul, including a capacity jump to 2.3 million tonnes per year, is expected to have a 2.5-year payback period.

Reported · Written up by our desk · Mining

Fortuna Mining is expanding its Séguéla gold mine in Côte d’Ivoire, aiming for average annual production of about 200,000 ounces of gold over the next decade, according to Mining.com. The company expects the project to lift average gold recovery to 94.5% as processing capacity rises 30%, from 1.75 million to 2.3 million tonnes per year.

The update also adds the Sunbird underground mine, with development starting in 2027 to help feed the upgraded plant. Fortuna said the staged plan will take Séguéla from early works in 2026 to fully expanded mill capacity by late 2028.

Fortuna expects the overhaul to cost about $109 million, funded through operating cash flow and supported by roughly $800 million in liquidity. The upgrades include comminution changes such as a ball mill circuit, new gravity equipment, and a second carbon-in-leach train, alongside infrastructure improvements for reagent, oxygen, water, and tailings systems.

In related company commentary, Fortuna’s CEO Jorge A. Ganoza said Séguéla has exceeded expectations since mid-2023 and that the project supports the company’s goal of moving consolidated annual gold production toward 500,000 ounces by 2028. The expansion follows recent progress at Fortuna’s Diamba Sud gold project in Senegal.

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