Fortuna Silver Mines has released a robust feasibility study for its Diamba Sud Gold Project in Senegal, outlining strong economic projections. The study highlights an after-tax internal rate of return (IRR) of 60% and a net present value (NPV) of $1 billion, using a gold price of $3,500 per ounce.
The project is expected to be Fortuna's lowest-cost mine, with average annual gold production projected at 158,000 ounces over the first four years of its 9.4-year mine life. This study supersedes the 2025 Preliminary Economic Assessment, showing a longer mine life and stronger production profile. The company is now advancing toward a final investment decision, pending the receipt of the mining permit.