Fortitude Gold Declares January 2025 Monthly Dividend

Rhea-AI Summary

Fortitude Gold (OTCQB:FTCO) has announced its monthly dividend of $0.04 per common share for January 2025. The dividend will be payable on January 31, 2025, to shareholders of record as of January 17, 2025.

The company, which operates as a gold producer, developer, and explorer in Nevada, provides investors with exposure to both gold production and dividend yield. The Board of Directors maintains discretion over dividend amounts and consistency, considering factors such as operational cash flows, development requirements, spot gold and silver prices, taxation, and general market conditions.

Positive

• Consistent monthly dividend payment maintained at $0.04 per share
• Operational stability indicated by ability to maintain dividend program

Negative

• Board's discretionary power to modify or discontinue dividends creates uncertainty
• Dividend sustainability dependent on variable factors including spot gold prices and market conditions

COLORADO SPRINGS, CO / ACCESSWIRE / January 6, 2025 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on January 31, 2025 to shareholders of record as January 17, 2025. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Company's public filings with the U.S. Securities and Exchange Commission.

About Fortitude Gold Corp.:

Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free and distribute substantial dividends. The Company's Nevada Mining Unit consists of seven high-grade gold properties located in the Walker Lane Mineral Belt and an eighth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.

Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the Company's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this press release are based upon information available to the Company on the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release.

Contact Information

Greg Patterson
VP Corporate Development
greg.patterson@fortitudegold.com
7197179825

SOURCE: Fortitude Gold

View the original press release on accesswire.com

FAQ

What is Fortitude Gold's (FTCO) January 2025 dividend amount?

Fortitude Gold's January 2025 dividend is $0.04 per common share.

When is the payment date for FTCO's January 2025 dividend?

The January 2025 dividend will be paid on January 31, 2025.

What is the record date for Fortitude Gold's January 2025 dividend?

The record date for the January 2025 dividend is January 17, 2025.

What factors could affect FTCO's future dividend payments?

Future dividend payments could be affected by operational cash flows, company development requirements, spot gold and silver prices, taxation, and general market conditions.

Where are Fortitude Gold's (FTCO) operations located?

Fortitude Gold's operations are located in Nevada, U.S.A.