A Look at Fortuna Mining’s Aggressive Growth Strategy
Fortuna Mining currently presents a strong balance sheet and pursues an offensive, yield-oriented strategy. The company has liquid assets of 130 million US dollars, which are to be used strategically for investments.
Focus on West Africa
A central focus of the investment strategy is on West Africa, particularly the Ivory Coast (Côte d’Ivoire). There, Fortuna Mining recently acquired a strategic stake in Awalé Resources. With an investment of around 6 million US dollars, Fortuna acquired approximately 15% of the shares in Awalé Resources, an exploration company that operates the Odienné project in Côte d’Ivoire. This project is considered promising for the expansion of gold mining activities in the region and is seen as a key to enhancing Fortuna’s presence in West Africa.
Long-term Growth Strategy
The acquisition of this stake is part of a long-term growth strategy focused on sustainable growth and responsible management on-site. Fortuna emphasizes the expertise of the local exploration team at Awalé Resources and sees good opportunities to make the project production-ready soon.
In summary, Fortuna Mining is actively leveraging its strong financial position to push forward gold mining, particularly in Côte d’Ivoire, through targeted acquisitions like the participation in Awalé Resources and thus to pursue its yield goals aggressively.