Fortitude Gold Appoints Greg Patterson As Vice President of Corporate Development

Rhea-AI Summary

Fortitude Gold Corp. (OTC PINK:FRTT) announced the appointment of Greg Patterson as Vice President of Corporate Development and Investor Relations. With over a decade of experience, Patterson brings extensive knowledge from his previous role at Gold Resource Corporation. CEO Jason Reid expressed confidence in Patterson's ability to enhance the management team. The company focuses on low-cost, high-margin gold projects in Nevada and aims for organic growth while remaining debt-free and distributing dividends. Fortitude Gold operates actively in the Walker Lane Mineral Belt.

Positive

• Appointment of Greg Patterson enhances management with extensive industry experience.
• Focus on organic growth and debt-free operations indicates financial prudence.
• Strong potential for high returns from projects in a premier mining jurisdiction.

Negative

• Uncertainties related to the COVID-19 pandemic may impact future operations.
• No guarantee of consistent production rates going forward.

COLORADO SPRINGS, CO / ACCESSWIRE / March 1, 2021 / Fortitude Gold Corp. (OTC PINK:FRTT) (the "Company") today announced it has appointed Mr. Greg Patterson as its Vice President of Corporate Development and Investor Relations. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

Mr. Patterson is an experienced mining industry executive with over a decade of industry experience in Corporate Development and Investor Relations. He joins Fortitude Gold from Gold Resource Corporation.

"Greg is an accomplished executive in both Corporate Development and Investor Relations," stated Fortitude Gold's CEO and President, Mr. Jason Reid. "Having previously worked with Greg, I know he is an exceptional addition to our management team. The Board welcomes Greg and we look forward to leveraging his experience to build the Company."

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 strategy is to grow organically, remain debt-free and distribute substantial future dividends. The Company's Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt, with the Isabella Pearl gold mine in current 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 Fortitude Gold Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Fortitude Gold Corporation 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. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause future actual results to differ materially from those expressed or implied by such forward-looking statements. Also, there can be no assurance that production will continue at any specific rate.

CONTACT:
Greg Patterson
719-717-9825
greg.patterson@fortitudegold.com
www.Fortitudegold.com

SOURCE: Fortitude Gold Corporation

View source version on accesswire.com:
https://www.accesswire.com/632484/Fortitude-Gold-Appoints-Greg-Patterson-As-Vice-President-of-Corporate-Development

FAQ

Who is Greg Patterson in relation to Fortitude Gold Corp. (FRTT)?

Greg Patterson has been appointed Vice President of Corporate Development and Investor Relations at Fortitude Gold Corp.

What experience does Greg Patterson bring to Fortitude Gold Corp. (FRTT)?

Greg Patterson has over a decade of experience in the mining industry, particularly in Corporate Development and Investor Relations.

What is Fortitude Gold's strategy following the appointment of Greg Patterson?

Fortitude Gold aims to grow organically, remain debt-free, and distribute substantial future dividends.

How does Fortitude Gold Corp. (FRTT) plan to manage risks associated with COVID-19?

The company acknowledges uncertainties due to COVID-19 and its potential impact on operations, but specific strategies are not detailed in the announcement.