Fortuna Expands in West Africa as Output Targets Rise | Luis Ganoza скачать в хорошем качестве

Fortuna Expands in West Africa as Output Targets Rise | Luis Ganoza

Fortuna Mining (NYSE: FSM; TSX: FVI) CFO Luis D. Ganoza joins Kitco Mining’s Investment Trends with Paul Harris to discuss record 2025 free cash flow and the company’s strategy to return to 500,000 oz per year as it builds a two-region platform across Latin America and West Africa. Fortuna generated $330 million in free cash flow in 2025, produced about 371,000 oz of gold equivalent, and ended the year with roughly $380 million in cash. Ganoza said full-year free cash flow represented “between 35 and 38%” of sales, with more than 60% EBITDA conversion into free cash flow. He also outlined a “clear path to get back to 500,000 ounces” annually through development at Diamba Sud and potential expansion at Séguéla toward 200,000 oz per year. Beyond production growth, Ganoza explains how Fortuna approaches M&A in West Africa and Latin America, why the company continues to stress-test projects at lower gold prices, and how capital allocation decisions, including dividend timing, are being weighed as cash balances grow in a stronger price environment. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. 00:27 – $330M Record Free Cash Flow and 2025 Results 02:05 – Fortuna’s LatAm and West Africa Strategy Explained 05:04 – HPGR Downtime and Path Back to 500,000 oz 07:53 – Half-Million-Ounce Production Plan 09:07 – Argentina Outlook and M&A Discipline 10:50 – West Africa Growth Pipeline and Exploration 14:22 – Growth Challenges and Asset Valuation Discipline 16:09 – IRR Hurdles and Cost Curve Strategy 18:19 – Capital Allocation, Cash Build and Dividend Timing 20:49 – 2026 Milestones: Diamba and Séguéla Expansion __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.