Fortitude Gold Announces Change of Independent Auditor

Rhea-AI Summary

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.

Positive

• Appointment of Haynie & Company as independent auditor potentially enhances financial oversight.
• Focus on low operating costs and high margins could improve profitability.
• Current operation of Isabella Pearl mine demonstrates active production capacity.

Negative

• Forward-looking statements indicate risks and uncertainties related to production rates and COVID-19 impact.

COLORADO SPRINGS, CO / ACCESSWIRE / March 26, 2021 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") today announced the appointment of Haynie & Company as its independent auditor for the year ending December 31, 2021. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

The Company's decision to change auditors from Plante Moran to Haynie & Company was not the result of any disagreement between the Company and Plante Moran on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. The Board of Directors believes Haynie's team of mining professionals offers a much stronger value proposition for the Company.

About Haynie & Company:

Haynie & Company was established in 1960 and has grown to become a full-service CPA firm registered with the PCAOB. Its Certified Public Accountants have a diverse range of specialties. Haynie has extensive experience serving public companies under SEC rules and regulations. The Firm assists businesses and individuals with services including audit, taxes, strategic planning, accounting, and bookkeeping. Haynie focuses on building long‐term relationships based on trust, service, and communication with a goal to exceed expectations. The Firm has grown to have locations across Arizona, Colorado, Nevada, Idaho, Texas, and Utah. With nearly 400 professionals firm wide, Haynie offers the experience and expertise of a leading regional firm combined with the attention of a dedicated local firm.

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/637673/Fortitude-Gold-Announces-Change-of-Independent-Auditor

FAQ

Why did Fortitude Gold change its auditor to Haynie & Company?

Fortitude Gold changed its auditor to Haynie & Company to leverage their mining expertise and perceived stronger value proposition.

What are the main operations of Fortitude Gold Corp?

Fortitude Gold operates primarily in Nevada, focusing on low-cost and high-margin gold production, including the Isabella Pearl mine.

What is the stock symbol for Fortitude Gold?

The stock symbol for Fortitude Gold is FTCO.

What should investors know about Fortitude Gold's financial outlook?

Investor caution is warranted due to forward-looking statements that involve risks, including production uncertainties and potential impacts from the COVID-19 pandemic.