Fortuna Addresses Burkina Faso Concerns: Ensuring Compliance and Stability

Fortuna Mining Corp. has swiftly responded to recent media reports concerning Burkina Faso, assuring investors and stakeholders of the company's commitment to compliance and operational stability. The Canadian precious metals mining company, with operations in five countries, has five operating mines and a preliminary economic assessment stage project, all of which prioritize sustainability and social responsibility.

The recent public comments by Burkina Faso's President Ibrahim Traoré regarding mining companies and potential withdrawal of existing mining permits have raised concerns among investors. However, Fortuna has received confirmation from the country's Ministry of Mines that there are no plans to withdraw existing mining permits that comply with local laws. This assurance has been welcomed by the company, which affirms that the Yaramoko Mine is in compliance and continues normal operations.

The Yaramoko Mine, operational since 2016, reached the one-million-ounce gold pour milestone on May 19, 2024. It is expected to contribute approximately 25 percent of Fortuna's gold equivalent ounces in 2024, aligning with the company's annual guidance of 457 to 497 koz Au Eq for the year. This alignment with production guidance alleviates investor concerns about the impact of political developments on the company's financial performance.

Fortuna's proactive communication strategy has helped mitigate potential risks associated with operating in a politically unstable region. By addressing the media reports promptly and transparently, the company has demonstrated its commitment to maintaining investor confidence and ensuring the long-term success of its operations.

Moreover, Fortuna's commitment to sustainability and social responsibility contributes to its long-term investment appeal despite geopolitical uncertainties. The company's dedication to efficient production, environmental protection, and social responsibility is integral to all its operations and relationships, fostering a positive image and enhancing its value proposition for stakeholders.

In conclusion, Fortuna's response to the recent media reports concerning Burkina Faso has reassured investors about the Yaramoko Mine's future operations and the company's commitment to compliance and stability. By aligning with annual production guidance and prioritizing sustainability and social responsibility, Fortuna has demonstrated its ability to navigate geopolitical uncertainties and maintain investor confidence.