Fortitude Gold Stock Price, News & Analysis

Fortitude Gold Corp. (OTCQB:FTCO) announced promising high-grade gold drill results from its Golden Mile property in Nevada, with significant intercepts including 24.38 meters grading 6.01 g/t gold and 3.05 meters at 30.94 g/t gold. The latest drill program aimed to connect deeper mineralized zones and explore extensions to the east, revealing a new geologic model for gold mineralization. Capital investments for the project total approximately $9 million, with equipment procured to support potential open-pit mining. The company is evaluating a phase one open pit design to expedite production, further enhancing its production profile.

Fortitude Gold Corp. (OTCQB:FTCO) has scheduled its annual meeting of shareholders for May 18, 2023, at 9:00 a.m. MST in Colorado Springs, CO. The record date for determining eligible shareholders to vote is March 20, 2023. The company operates in the gold production sector, focusing on low operating costs and high margins, with a debt-free strategy and a commitment to substantial dividends. Fortitude Gold’s Nevada operations feature multiple high-grade gold properties, including the producing Isabella Pearl gold mine, situated in a mining-friendly jurisdiction. The company emphasizes its growth plans and potential risks, including uncertainties related to COVID-19 impacts.

Fortitude Gold Corp. (OTCQB:FTCO) announced significant gold drill intercepts at its Isabella Pearl open pit site in Nevada. Key results include oxide intercepts of 3.05 meters grading 15.15 g/t gold within 21.34 meters at 7.21 g/t gold, and non-oxide intercepts of 6.10 meters at 12.17 g/t gold within 41.15 meters grading 6.25 g/t gold. The drill program, completed in Q4 2022, aimed to explore below the projected pit floor for additional minable ore. The findings indicate potential for including some of this mineralization in an upcoming resource update. The company’s exploration strategy is focused on optimizing mine plans and maximizing the oxide ore's recovery capabilities.

Fortitude Gold Corp. (OTCQB:FTCO) has announced a monthly dividend of $0.04 per common share, payable on February 28, 2023, to shareholders of record as of February 17, 2023. The company operates gold properties in Nevada, focusing on projects with low operational costs and high margins. The dividend amount is subject to change based on various factors including operational cash flows and market conditions. Fortitude Gold aims to remain debt-free while providing substantial dividends to investors through its targeted growth strategy.

Fortitude Gold Corp. (OTCQB:FTCO) announced its maiden mineral resource estimate for the County Line property in Nevada, comprising 19,500 ounces of gold measured, 17,900 ounces indicated, and 12,200 ounces inferred as of December 31, 2022. The resources are based on 8,231 meters of drilling across 73 holes. The mineralization is open along strike and downdip, suggesting potential for growth. The company plans to provide a full report in its upcoming 10-K filing. This development positions Fortitude Gold for future gold production and strengthens its operational base, leveraging existing infrastructure at the Isabella Pearl processing facility.

Fortitude Gold Corp. (OTCQB:FTCO) announced its preliminary year-end results for 2022, reporting a total production of 41,231 gold ounces, surpassing its target of 40,000 ounces by 3%. The fourth quarter alone accounted for 10,876 ounces. For 2023, the company aims for a similar production range of 36,000 to 40,000 ounces, primarily from its Isabella Pearl mine in Nevada. The mine has been pivotal in delivering consistent and low-cost production, contributing to both gold output and dividends for shareholders. Full financial results will be disclosed with the filing of the Form 10-K.

Fortitude Gold Corp. (OTCQB:FTCO) reported significant results from its County Line drilling program, with high-grade gold intervals. Notable intercepts include 6.10 meters at 3.11 g/t gold and 3.05 meters at 3.29 g/t gold within extended drill lengths. The drill program aims to delineate mineralization for potential ore feed to its Isabella Pearl operation nearby. The company plans further drilling in Q1 2023 and anticipates its first resource estimate by the end of the quarter, enhancing the prospects for a production decision.

Fortitude Gold Corp. (OTCQB:FTCO) announced a monthly dividend of $0.04 per common share, payable on January 31, 2023, to shareholders recorded by January 19, 2023. The company focuses on gold production and aims to provide investors with both exposure to gold and dividend income. Fortitude Gold targets projects with low operating costs and aims to remain debt-free while distributing substantial dividends. Variability in dividends may occur based on operational cash flows and market conditions.

Fortitude Gold Corp. (OTCQB:FTCO) announced promising exploration drill results from its East Camp Douglas property, expanding its mineralized lithocap target. Key intercepts include 4.57 meters grading 5.24 g/t gold within 15.24 meters at 1.87 g/t gold. The extensive lithocap structure, measuring 1.5 km by 1.0 km, may host significant near-surface gold deposits. The reversely circulated drilling program exhibited over 80% gold recovery, indicating potential for profitable extraction. The company is eager to explore further, having intercepted mineralization in 94% of the drilled holes.