Fortuna Mining buys Bambadji gold exploration project in Senegal for US$200 million

Reuters2026/08/10 21:32

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Fortuna Mining acquired the 190 km² Bambadji advanced gold exploration project in Senegal from Barrick Mining and IAMGOLD.
Transaction value: USD 200 million cash paid on Aug. 10, 2026, split USD 130.35 million to Barrick, USD 69.65 million to IAMGOLD.
Deal adds about 60 km of prospective strike along the Senegal-Mali Shear Zone next to the feasibility-stage Diamba Sud project.
Sellers receive a 0.5% net smelter return royalty on the first 1.75 million ounces from Bambadji Nord.
Initial Bambadji work plan: USD 8 million exploration budget for 2026, including 51,000 meters of drilling starting in Q3.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fortuna Mining Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608101730OMX_____CNEWS_EN_GNW9807216_en) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Fortuna Mining buys Bambadji gold exploration project in Senegal for US$200 million

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