Fortuna Mining Corp. Affirms Yaramoko Mine Compliance and Outlook
Fortuna Mining Corp. Updates on Yaramoko Mine Operations
VANCOUVER, British Columbia — Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) takes this opportunity to provide a detailed update regarding its Yaramoko Mine located in Burkina Faso. Amid recent media headlines, the company emphasizes the stability and ongoing compliance of its mining operations.
Recent Government Comments on Mining Permits
On October 5, comments were made by Burkina Faso’s President Ibrahim Traoré concerning the operations and permits of mining companies within the nation. In light of this, Fortuna Mining reached out to the Ministry of Mines for clarity and was reassured that there are no plans to revoke current mining permits, provided they adhere to local laws. This clarification is critical as it allows Fortuna to continue their operations at Yaramoko uninterrupted.
Commitment to Lawful Operations
Fortuna's Yaramoko Mine has successfully operated since 2016 and recently celebrated a significant achievement, reaching the one-million-ounce gold pour milestone on May 19, 2024. The mine is expected to play a crucial role in the company’s overall gold production, contributing an estimated 25% of Fortuna’s gold equivalent ounces in 2024.
About Fortuna Mining Corp.
Fortuna Mining Corp. is a reputable Canadian mining company engaged in the extraction of precious metals. The company operates five active mines across various countries, including Mexico and Argentina, in addition to its operations in Burkina Faso and Côte d'Ivoire. Fortuna Mining is known for its dedication to sustainable practices, ensuring that environmental stewardship and social responsibility are integral components of its operational framework.
The Importance of Sustainability
The company is committed to fostering meaningful relationships with stakeholders and prioritizing sustainability in all its mining endeavors. This commitment not only involves efficient production but also a strong emphasis on reducing environmental impact, ensuring the safety of employees, and positively contributing to local communities.
Leadership Commitment
In light of the recent media coverage, Jorge A. Ganoza, President, CEO, and Director of Fortuna Mining, reiterated the company’s commitment to ensuring compliance and transparency in operations. The board of directors remains focused on fostering trust through adherence to laws and regulations, showcasing Fortuna's integrity and dedication to its mining practices.
Frequently Asked Questions
What is the status of Fortuna Mining's Yaramoko Mine?
The Yaramoko Mine continues to operate normally, adhering to all local laws and regulations, with no risk of permit withdrawal.
How has Fortuna Mining responded to government comments?
Fortuna Mining has confirmed with the Ministry of Mines that there are no plans to revoke mining permits, allowing operations to continue without interruption.
What recent achievement did Fortuna Mining reach at Yaramoko Mine?
Fortuna Mining achieved a milestone of one million ounces of gold poured at the Yaramoko Mine, marking a significant operational success.
How does Fortuna Mining view sustainability?
Fortuna Mining is dedicated to sustainable practices, focusing on environmental protection, social responsibility, and stakeholder engagement throughout its operations.
Who leads Fortuna Mining Corp.?
Jorge A. Ganoza is the President, CEO, and Director of Fortuna Mining Corp., guiding the company's strategic direction and operational integrity.
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