Fortuna Updates Diamba Sud Gold Resource in Senegal; PEA Expected in Q4 2025

Published: Aug 6, 2025 21:37

Save

On August 5th, Fortuna Mining reported an updated Mineral Resource estimate for its Diamba Sud Gold Project in Senegal, effective as of July 7, 2025. Indicated gold resources rose 53% to 724,000 ounces (14.2 Mt @ 1.59 g/t), while Inferred resources jumped 93% to 285,000 ounces (6.2 Mt @ 1.44 g/t). The update incorporates new drilling data from July 2024 to July 2025, totaling 243 holes and 31,652 meters.

Initial Inferred resources were also reported for the Southern Arc (194,000 oz) and Moungoundi (31,000 oz) deposits. A Preliminary Economic Analysis (PEA) is underway, with completion targeted for Q4 2025. Ongoing exploration at Southern Arc aims to upgrade resources and test extensions to the south and east.

Resource growth was driven by infill drilling, improved geological interpretation, and a higher long-term gold price assumption of $2,600/oz.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 17:46

This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]

Feb 6, 2026 17:46

Feb 6, 2026 12:00

Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]

Feb 6, 2026 12:00

Feb 6, 2026 09:27

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade

Feb 6, 2026 09:27