Fortitude Gold Stock Price, News & Analysis

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.

Fortitude Gold Corp. (OTCQB:FTCO) announced a 50% increase in its monthly dividend to $0.03 per common share, equating to an annual payout of $0.36. This dividend will be paid on May 28, 2021 to shareholders of record as of May 17, 2021. CEO Jason Reid highlighted the company’s strong operational performance and free cash generation from its high-grade Isabella Pearl gold mine. The dividend hike aims to attract new investors seeking yield, underscoring the company’s commitment to delivering returns while pursuing growth in a favorable mining jurisdiction.

Fortitude Gold Corp. (OTCQB:FTCO) announced preliminary production results for Q1 2021, reporting 11,536 gold ounces mined from the Isabella and Pearl zones. The Isabella Pearl deposit has an estimated average gold grade of 3.88 grams per tonne as of December 31, 2020. The company maintains its production outlook for 2021, targeting 40,000 ounces of gold, assuming no disruptions from COVID-19 or operational challenges. Full financial results will be available in their upcoming Form 10-Q filing.

Fortitude Gold Corp. (OTCQB:FTCO) announced the initiation of a monthly dividend of $0.02 per common share, totaling $0.24 annually. This dividend, payable on April 30, 2021 to shareholders of record as of April 19, 2021, represents a significant milestone for the company. CEO Jason Reid highlighted that this step enhances shareholder value through consistent cash distributions. The company emphasizes that dividends may vary and depend on operational cash flows and market conditions.

Fortitude Gold Corp. (OTCQB:FTCO) announced promising drill results from its Golden Mile property in Nevada, confirming high-grade gold mineralization. Recent intercepts include 20.10 meters grading 3.60 g/t gold. The company is moving forward with engineering studies for an open-pit heap leach operation and plans a second drill campaign to expand this mineralization. The Golden Mile property encompasses over 4,294 hectares with known zones of mineralization, indicating substantial potential for future production.

Fortitude Gold Corp. (OTCQB:FTCO) announced the appointment of Haynie & Company as its independent auditor for the year ended December 31, 2021. The change from Plante Moran was not due to any disagreements over accounting practices. The Board believes Haynie, with its mining expertise, offers significant value. Fortitude Gold focuses on low-cost, high-margin gold production in Nevada, with current operations including the Isabella Pearl gold mine. The company aims to grow organically, remain debt-free, and distribute dividends.

Fortitude Gold Corporation (OTCQB:FTCO) reported robust year-end 2020 results, highlighting a net income of $10.2 million or $0.48 per share, with a strong cash balance of $27.8 million. The company achieved annual gold production of 29,479 ounces and anticipates an increased output of 40,000 ounces in 2021. Proven and probable reserves at the Isabella Pearl Mine total 159,600 ounces of gold, demonstrating significant growth potential. The company is also considering a monthly dividend strategy to reward shareholders.

Fortitude Gold (OTCQB:FTCO) has scheduled its fourth quarter and year-end 2020 earnings conference call for March 25, 2021, at 11:00 a.m. ET. CEO Jason Reid will discuss the company's performance and engage in a Q&A session. Fortitude Gold operates in Nevada and focuses on projects with low operating costs and high returns on capital. The Isabella Pearl gold mine is currently in production. The call will be accessible via webcast and telephone. Caution is advised due to forward-looking statements regarding production and financial forecasts that contain inherent risks.