Fortuna Mining approves USD 109 million expansion of Seguela gold mine in Ivory Coast
Reuters2026/07/30 00:57- Fortuna Mining set a 30% expansion of the Séguéla gold mine processing plant in Côte d’Ivoire, lifting capacity to 2.3 Mtpa from 1.75 Mtpa.
- Average gold recovery targeted at 94.5%; plan supports average annual production above 200,000 ounces over the next decade.
- Estimated construction capital of USD 109 million; projected payback period about 2.5 years.
- Funding planned from operating cash flow; liquidity stood near USD 800 million at end-Q1 2026.
- Construction expected to start in H2 2026; Sunbird underground mining slated for Q2 2027; ramp-up to full 2.3 Mtpa targeted in H2 2028.
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