Fortitude Gold Declares May 2025 Monthly Dividend
Fortitude Gold (OTCQB:FTCO) has declared a monthly dividend of $0.01 per common share for May 2025, payable on May 30, 2025, to shareholders of record as of May 19, 2025. This represents a significant reduction from the previous monthly dividend of $0.04 per share. The company, which operates as a gold producer in Nevada, cited two main reasons for the dividend reduction: cash conservation while awaiting permit approval for its County Line project and capital allocation towards mining deeper oxide gold mineralization in the Isabella Pearl pit.
Fortitude Gold (OTCQB:FTCO) ha dichiarato un dividendo mensile di 0,01 $ per azione ordinaria per maggio 2025, pagabile il 30 maggio 2025 agli azionisti registrati al 19 maggio 2025. Questa decisione rappresenta una riduzione significativa rispetto al precedente dividendo mensile di 0,04 $ per azione. La società, produttrice d'oro in Nevada, ha motivato la riduzione del dividendo con due ragioni principali: la conservazione di liquidità in attesa dell'approvazione del permesso per il progetto County Line e l'allocazione di capitale per l'estrazione di mineralizzazioni di ossido d'oro più profonde nella cava Isabella Pearl.
Fortitude Gold (OTCQB:FTCO) ha declarado un dividendo mensual de 0,01 $ por acción común para mayo de 2025, pagadero el 30 de mayo de 2025 a los accionistas registrados al 19 de mayo de 2025. Esto representa una reducción significativa respecto al dividendo mensual anterior de 0,04 $ por acción. La empresa, que opera como productora de oro en Nevada, citó dos razones principales para la reducción del dividendo: conservación de efectivo mientras espera la aprobación del permiso para su proyecto County Line y la asignación de capital para la minería de mineralización de oro óxido más profunda en la mina Isabella Pearl.
Fortitude Gold (OTCQB:FTCO)는 2025년 5월에 대해 보통주 1주당 0.01달러의 월 배당금을 선언했으며, 배당금은 2025년 5월 30일에 지급될 예정이고, 2025년 5월 19일 기준 주주명부에 등록된 주주에게 지급됩니다. 이는 이전 월 배당금인 주당 0.04달러에서 크게 감소한 수치입니다. 네바다에서 금 생산업체로 운영되는 이 회사는 배당금 감소의 주요 이유로 두 가지를 들었는데, 하나는 County Line 프로젝트의 허가 승인 대기 중 현금 보존이고, 다른 하나는 Isabella Pearl 광산에서 더 깊은 산화 금 광물 자원 채굴을 위한 자본 배분입니다.
Fortitude Gold (OTCQB:FTCO) a déclaré un dividende mensuel de 0,01 $ par action ordinaire pour mai 2025, payable le 30 mai 2025 aux actionnaires inscrits au 19 mai 2025. Cela représente une réduction significative par rapport au dividende mensuel précédent de 0,04 $ par action. La société, qui opère en tant que producteur d'or au Nevada, a cité deux raisons principales pour cette réduction de dividende : la conservation de trésorerie en attendant l'approbation du permis pour son projet County Line et l'allocation de capital vers l'extraction d'une minéralisation aurifère oxydée plus profonde dans la fosse Isabella Pearl.
Fortitude Gold (OTCQB:FTCO) hat für Mai 2025 eine monatliche Dividende von 0,01 $ pro Stammaktie angekündigt, zahlbar am 30. Mai 2025 an die zum 19. Mai 2025 eingetragenen Aktionäre. Dies stellt eine deutliche Reduzierung gegenüber der vorherigen monatlichen Dividende von 0,04 $ pro Aktie dar. Das Unternehmen, das als Goldproduzent in Nevada tätig ist, nannte zwei Hauptgründe für die Dividendenkürzung: Bargeldersparnis während der Genehmigungsabwartung für das County Line Projekt und Kapitalallokation für den Abbau tieferer oxidischer Goldmineralisierung im Isabella Pearl Tagebau.
- Company maintains dividend payments despite operational challenges
- Plans to explore deeper oxide gold mineralization in Isabella Pearl pit
- Development of new County Line project in progress
- 75% reduction in monthly dividend from $0.04 to $0.01 per share
- Cash conservation needed due to pending permit approvals
- Operational challenges requiring additional capital allocation
COLORADO SPRINGS, CO / ACCESS Newswire / May 6, 2025 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of
The Company announced on April 15, 2025 a modification to its monthly dividend from
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:
Greg Patterson
719-717-9825
greg.patterson@fortitudegold.com
www.Fortitudegold.com
SOURCE: Fortitude Gold Corp
View the original press release on ACCESS Newswire
FAQ
What is Fortitude Gold's (FTCO) new dividend amount for May 2025?
Why did Fortitude Gold (FTCO) reduce its monthly dividend in May 2025?
How much did Fortitude Gold (FTCO) reduce its monthly dividend by in May 2025?
When is the record date for Fortitude Gold's (FTCO) May 2025 dividend?
What projects is Fortitude Gold (FTCO) currently developing?
