Fortuna Mining Corp. reported strong financial and operating results for the first quarter of 2025, achieving a new record free cash flow from operations of $111.3 million. The company's attributable net income from continuing operations reached $61.7 million, a significant increase from $21.1 million in Q4 2024. Adjusted attributable net income was $62.1 million, or $0.20 per share, driven by higher metal prices and a lower effective tax rate.
The realized gold price in Q1 2025 was $2,883 per ounce, contributing to expanded profitability. Consolidated All-in Sustaining Costs (AISC) from continuing operations decreased to $1,640 per gold equivalent ounce, down from $1,690 in Q4 2024, primarily due to lower capital expenditures. Net cash generated by operations was $126.4 million.
Operationally, the Séguéla Mine produced 38,500 ounces of gold, a 12% increase from Q1 2024, with cash costs of $650 per ounce. The Yaramoko Mine produced 33,073 ounces of gold, a 22% increase, with its sale expected to be completed in Q2 2025. The Lindero Mine's leach pad expansion project was completed, while the Caylloma Mine continued to deliver strong base metal production.
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