Fortitude Gold Stock Price, News & Analysis

Fortitude Gold has announced its third quarter earnings conference call, scheduled for Wednesday, November 6, 2024, at 11:00 a.m. Eastern Time. CEO Jason Reid will host the call to discuss Q3 results and provide updates on current operations. The conference call will be accessible via webcast and telephone, with two connection options available for participants. Investors should connect 10 minutes before the start time.

The company, a gold producer, developer, and explorer operating in Nevada, will host a Q&A session following the opening remarks. A replay of the conference will be available through both webcast and teleconference options, with specific access codes provided for both domestic and international participants.

Fortitude Gold Corp. (OTCQB:FTCO) has reported preliminary third quarter gold production of 4,220 ounces. The company, which operates in Nevada, U.S.A., processed both residual gold from the heap leach pad and ore from the Isabella Pearl's lower grade Civit Cat zone during this period.

Notably, late in the third quarter of 2024, Fortitude Gold received permit approval to mine deeper in the deposit's higher-grade Pearl zone. This development could potentially impact future production levels.

The company, which offers investors exposure to both gold production and dividend yield, will provide full financial results for the third quarter when it files its quarterly report on Form 10-Q with the Securities and Exchange Commission.

Fortitude Gold Corp. (OTCQB:FTCO) has declared its monthly dividend of $0.04 per common share for October 2024. The dividend is payable on October 31, 2024 to shareholders of record as of October 21, 2024. 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.

The company notes that dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion. Factors influencing dividend decisions include operational cash flows, company development requirements, construction needs, spot gold and silver prices, taxation, and general market conditions.

Fortitude Gold Corp. (OTCQB:FTCO) has received regulatory approvals to mine deeper in its Isabella Pearl deposit in Nevada. The Bureau of Land Management and Nevada Division of Environmental Protection's Bureau of Mining Regulation and Reclamation have granted permission to mine approximately 80 feet deeper than previously authorized in the Pearl portion of the deposit.

This decision allows the company to access deeper oxide and oxide transitional ore in the Pearl zone, which can be mined and processed along with ore from the Civit Cat portion of the Isabella Pearl deposit. The Pearl deep contains high-grade oxide, oxide-transitional, and sulphide gold ores. A portion of the oxide and oxide-transitional ores are expected to be processed using the company's existing heap leach operation.

Fortitude Gold Corp. (OTCQB:FTCO) has declared its monthly dividend of $0.04 per common share for September 2024. The dividend is payable on September 30, 2024 to shareholders of record as of September 19, 2024. 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.

The company notes that dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion. Factors influencing dividend decisions include operational cash flows, company development requirements, spot gold and silver prices, taxation, and general market conditions.

Fortitude Gold Corp. (OTCQB:FTCO) has declared its monthly dividend of $0.04 per common share for August 2024. The dividend is payable on August 30, 2024 to shareholders of record as of August 19, 2024. 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.

The company notes that dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion. Factors affecting dividend decisions include operational cash flows, company development requirements, spot gold and silver prices, taxation, and general market conditions.

Fortitude Gold reported its Q2 2024 financial results, including $9.6 million net sales, $4.3 million exploration expenses, and $2.9 million in dividends. The company produced 4,150 gold ounces and has a $32.9 million cash balance as of June 30, 2024. However, it posted a $0.01 per share net loss and awaits permit approval for deeper mining at the Pearl zone and to commence the County Line project. Realized gold prices averaged $2,341 per ounce, while the total cash cost and all-in sustaining cost per ounce were $782 and $1,013, respectively. The working capital stood at $48.4 million.

Fortitude Gold Corp. (OTCQB:FTCO) has announced significant oxide gold drill intercepts at the Scarlet North target along the Isabella Pearl trend in Nevada. Key highlights include:

- 9.14 meters grading 2.33 g/t gold within 16.76 meters grading 1.58 g/t gold
- Multiple near-surface gold intercepts
- Rock chip samples from a new, undrilled target area, with the highest assaying 2.24 g/t gold

The Scarlet North target is located just 700 meters northwest of the Isabella Pearl heap leach and process facility. The company aims to define a potentially significant disseminated gold system and move closer to an initial resource. Fortitude Gold is considering submitting a permit modification to expand the current Isabella Pearl mine plan boundary to include the Scarlet North area for mining and exploration.

Fortitude Gold (OTCQB:FTCO) has announced its second quarter earnings conference call scheduled for Wednesday, July 31, 2024, at 11:00 a.m. Eastern Time. CEO Jason Reid will host the call, discussing Q2 results and providing updates on current operations. The company, a gold producer, developer, and explorer operating in Nevada, offers investors exposure to both gold production and dividend yield.

Participants can join the conference via webcast or telephone. The webcast link is provided, and telephone dial-in options include both toll-free and international numbers. A Q&A session will follow the opening remarks. For those unable to attend, a webcast replay and teleconference replay will be available after the call.