Fortuna Mining Receives Notice of Admissibility for Diamba Sud Gold Project Permit Application in Senegal

05:03 PM EST, 11/02/2026 (MT Newswires) -- Fortuna Mining (FVI.TO, FSM) said Monday it received a notice of admissibility for its Diamba Sud gold project's exploitation permit application from Senegal's Ministry of Mines and Geology. The company said the notice confirms that the ministry has completed its review of the application documents and that the application meets all regulatory requirements. Fortuna expects the government's final approval process for the exploitation permit to be completed in the fourth quarter of 2026. The company said it is advancing early works at the project and expects to make a final investment decision after receiving the permit, with first gold production targeted for mid-2028. Fortuna is targeting about 60% growth in annual gold production to an annualized rate of 500,000 ounces from mid-2028, supported by Diamba Sud and a planned 30% plant expansion at its Seguela mine. Company's shares closed up 3.1% at CA$12.72 on Toronto Stock Exchange on Monday.