Fortitude Gold Stock Price, News & Analysis

Fortitude Gold (OTCQB:FTCO) announced its second quarter 2021 earnings conference call set for August 4, 2021, at 11:00 AM Eastern Time. CEO Jason Reid will discuss second quarter results and operational updates. Investors can join via webcast or telephone. Fortitude Gold aims for low operating costs and high returns, focusing on organic growth and substantial dividends. The company operates five gold properties in Nevada, including the Isabella Pearl mine. Caution is advised due to forward-looking statements regarding production and market uncertainties.

Fortitude Gold Corp. (OTCQB:FTCO) has received permit approval for the expansion of the Isabella Pearl heap leach pad in Nevada. This expansion is necessary to accommodate additional ore reserves identified in 2019 and 2020 exploration drilling. The company's management is optimistic about the potential for discovering more open-pit gold deposits on the property. The construction budget for phase two is approximately $3M, expected to be funded by operating cash flow, with completion targeted for late 2021 or early 2022.

Fortitude Gold Corp. (OTCQB:FTCO) announced a record preliminary production of 14,579 gold ounces for Q2 2021, a 26% increase from the previous quarter. The company has revised its 2021 production outlook to an upper range of 45,000 gold ounces, up from a prior forecast of 40,000 ounces. The increase is attributed to higher-grade ore access in the Pearl zone and ongoing operations in the Isabella zone. Full financial results will be disclosed in an upcoming 10-Q filing.

Fortitude Gold Corp. (OTCQB:FTCO) announced positive metallurgical test results from its Golden Mile property, achieving up to 85% gold recovery in column leach tests. This progress is vital as it moves the project closer to a production decision. Further tests will extend to 90 days to confirm ongoing gold recovery. The company is also preparing for an exploration drill program targeting additional mineralization. CEO Jason Reid emphasized the importance of these results for project due diligence, aiming to advance Golden Mile into production soon.

Fortitude Gold Corp. (OTCQB:FTCO) announced a 16.7% increase in its monthly dividend to $0.035 per share, payable on July 30, 2021. This decision is attributed to strong operational performance at the Isabella Pearl mine, reflecting a solid cash position. The company aims to return cash to shareholders while managing capital needs for growth. This marks the second consecutive dividend increase, showcasing the company's confidence in generating free cash flow. Preliminary production numbers for Q2 are expected mid-July.

Fortitude Gold Corp. (OTCQB:FTCO) announced promising drill results from its East Camp Douglas property, revealing significant gold intercepts.

Initial results include 17.92 meters grading 1.29 g/t gold and 6.10 meters grading 1.42 g/t gold.

The exploration aims to understand geologic structures associated with a sizeable lithocap, with high-grade surface samples reaching up to 31 g/t gold.

These findings support the potential for a substantial near-surface gold deposit, leading to plans for a follow-up drill campaign later in 2021.

Fortitude Gold Corp. (OTCQB:FTCO) has announced a monthly dividend of $0.03 per common share, payable on June 30, 2021, to shareholders of record as of June 21, 2021. The company, based in Colorado Springs, focuses on gold production with operations in Nevada. The dividend amount may fluctuate based on various factors including operational cash flows and market conditions. Fortitude Gold aims to grow organically while promising significant future dividends.

Fortitude Gold Corp. (OTCQB:FTCO) announced its Q1 2021 results, producing 11,536 ounces of gold at an all-in sustaining cost of $575 per ounce. The company reported net sales of $20.7 million and increased its cash balance by $7.4 million to $35.2 million, reflecting a 27% growth from the previous year-end. Net earnings stood at $2.4 million, or $0.10 per share. Fortitude Gold maintains its 2021 production outlook, targeting 40,000 ounces, and initiated a monthly dividend of $0.03 per share, representing a 50% increase.

Fortitude Gold (OTCQB:FTCO) announced its first quarter 2021 earnings conference call set for May 12, 2021, at 11:00 AM Eastern Time. CEO Jason Reid will discuss Q1 results and current operations, followed by a Q&A session. Fortitude Gold focuses on low-cost gold production in Nevada, targeting projects with high margins and strong returns, including the Isabella Pearl mine. The company positions itself for organic growth and aims to remain debt-free.