Company overview

Overview

Fortuna Mining Corp. is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions. We produce gold and silver and generate shared value over the long term for our stakeholders through efficient production, environmental stewardship, and social responsibility.

We operate mines in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru. Our corporate office is in Vancouver, Canada, and our regional head offices are located in Lima, Peru and in Abidjan, Côte d’Ivoire.

2023 highlights

326,638
Ounces of gold produced

5.9 million
Million ounces of silver produced

19
Years in operation

5,185
Employees and contractors

16%
Female employees

100%
Mines with closure plans

Mining is necessary to provide the world with metals and minerals essential for all aspects of modern life. From personal electronics and medical equipment to vehicles, buildings, and energy generation, mining touches every part of our lives.

The United Nations (U.N.) predicts the global population will reach 9.7 billion people in 2050. To support every person’s needs and protect the planet, resource development, including mining, needs to be responsible and sustainable.

Our process: how we mine

At Fortuna, we recognize the challenges that come with building, operating and closing mines, and we are committed to managing our operations in a safe, responsible, and sustainable manner.

To mine responsibly, we set goals and targets that include:

  • Committed to maintaining our objective of Zero Harm
  • Minimizing freshwater consumption and maximizing water reuse
  • Using less energy and renewable energy sources where possible
  • Reducing GHG and dust emissions
  • Monitoring tailings according to regulations
  • Protecting and conserving plants and animals
  • Closing the mine according to the closure plan
  • Addressing community concerns in a timely manner
  • Providing job and business opportunities for local community members
  • Increasing the number of career opportunities for women

We explain the details of our mining processes in our technical reports and our approach to mining responsibly in our annual sustainability reports. Details on our financials are available in our Interactive Analyst Center.

Our products: what we mine and how it’s used

We mine products – gold, silver, lead, and zinc – that are in high demand and essential for modern living. They each have various cultural, economic, and industrial uses, and some are essential for building a sustainable and equitable future.  

Gold Silver
  • Electronic touch screens
Gold Silver
  • (Nanoparticles)
  • Drug delivery
  • Antimicrobial agents
  • Detection and diagnosis
  • Device coatings
  • Therapy agents
Gold
  • Aircraft circuitry
Gold Silver
  • Computer
  • Switches
  • Circuits
Gold Silver
  • Investments
Silver Zinc
  • Cutlery
Silver
  • Fuel cells
  • Battery packs
  • Electric engines
  • Battery management
  • Systems
Silver
  • Aircraft circuitry
Silver
  • Photography
Silver
  • Wind turbines
Gold Au Silver Ag Zinc Zn Lead Pb
Gold Au

Gold (element Au) is a precious metal that society values as a financial safe haven, as well as being  used for jewelry and decorative purposes for thousands of years. It is resistant to corrosion and does not tarnish. Today, gold is also a vital material in computers, smartphones, and other electronics and has medical and aerospace applications.

  • Jewelry: Around half of the gold mined around the world is made into jewelry. In several countries – including China and India – the gifting of gold jewelry is an important part of the culture, playing a role in rituals and special occasions and seen as an investment.
  • Bullion: Most of the other half is used to make gold bullion, a universal store of value and globally recognized currency.
  • Medicine: The remaining gold produced annually is used in technology, from thin gold coatings making solar panels more efficient to gold nanoparticles for critical medical applications such as cancer, arthritis treatment, and HIV/AIDS diagnosis.

Visit the World Gold Council for more information about gold.

Silver Ag

There is no substitute for silver (element Ag). The shiny light grey metal is malleable and ductile, meaning we can stretch it into a thin wire or press it into almost any shape without breaking. It is also an excellent conductor of electricity. For these reasons, we use it to make jewelry, silverware, and electronic components such as wires, switches, and printed circuit boards.

  • Wiring: Silver is perfect for wiring inside smartphones, where it can be bent and squeezed into tiny spaces without breaking.
  • Solar panels: One of the most significant industrial applications for silver today is its use in photovoltaic cells, the building blocks of solar panels.
  • Medicine: People have also used silver for centuries to fight infection because of its antimicrobial properties. Trace amounts of silver will attack bacterial cells, partly dissolving their outer coating, and disrupting the cell’s function.

Looking further ahead, the demand for silver in hybrid and electric vehicles – which need more silver than traditional combustion engine vehicles – is also expected to rise. With solar power generation expected to almost double by 2025, this sector will be an important source of demand for silver over the next ten years.

Visit the Silver Institute for more information about silver.

Zinc Zn

Zinc (element Zn) is a blueish-white metal with a dull finish. One of its most valuable qualities is its ability to protect steel from corrosion, and we use more than 60 percent of the zinc produced each year for this purpose.

  • Construction: Steel is used worldwide for buildings, infrastructure, bridges, ships, vehicles, electrical appliances, and more, and zinc sheets are used in roofing.
  • Zinc oxide: At the other end of the scale, we use small amounts of zinc oxide in everything from fertilizers to sunscreens to solar cells.

Visit the International Zinc Association for more information about zinc.

Lead Pb

Lead (element Pb) is a soft, dense dark grey metal that can be stretched into a thin wire or pressed into almost any shape without breaking. We use more than 85 percent of the lead mined around the world each year to make safe, reliable and affordable lead-acid batteries.

Lead-acid batteries are used to power cars, trucks, buses, motorbikes, electric vehicles, and hybrid vehicles. They are used to store energy produced by renewable sources, such as solar and wind, and as backup power supplies for hospitals, cell phone networks, and emergency services.

Demand for personal electric vehicles, together with industrial vehicles and standby storage for renewable power sources, drives the global market for lead-acid batteries.

Visit the International Lead Association for more information about lead.