Fortitude Gold Declares December Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) has declared a monthly dividend of $0.04 per common share, payable on December 31, 2021, to shareholders recorded as of December 20, 2021. The company, specializing in gold production and exploration in Nevada, emphasizes that dividends may vary based on operational cash flows and market conditions. Fortitude Gold aims to maintain low operating costs and high returns, operating five gold properties in the Walker Lane Mineral Belt, including the Isabella Pearl mine.

Positive

• Monthly dividend of $0.04 per share enhances shareholder returns.
• Focus on low operating costs and high margins promotes financial stability.
• Ongoing production at the Isabella Pearl mine supports cash flow.

Negative

• Dividends may vary or be discontinued at the Board's discretion.
• Existing risks related to operational impacts from the COVID-19 pandemic.

COLORADO SPRINGS, CO / ACCESSWIRE / December 6, 2021 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on December 31, 2021 to shareholders of record as of December 20, 2021. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

Dividends may vary in amount and consistency or be discontinued at the Board of Directors' discretion depending on variables including but not limited to operational cash flows, Company development requirements and strategies, construction, spot gold and silver prices, taxation, general market conditions and other factors described in the Company's public filings with the U.S. Securities and Exchange Commission.

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's strategy is to grow organically, remain debt-free and distribute substantial 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 the Company's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this press release are based upon information available to the Company 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 any 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/676102/Fortitude-Gold-Declares-December-Monthly-Dividend

FAQ

What is the dividend amount declared by Fortitude Gold Corp. in December 2021?

Fortitude Gold Corp. declared a monthly dividend of $0.04 per common share.

When is the dividend payable for Fortitude Gold Corp.?

The dividend is payable on December 31, 2021, to shareholders of record as of December 20, 2021.

What factors can affect the dividend payments of Fortitude Gold Corp.?

Dividends may vary or be discontinued based on operational cash flows, development requirements, and market conditions.

What mining projects does Fortitude Gold Corp. focus on?

Fortitude Gold focuses on projects in Nevada, specifically the Isabella Pearl mine and four other high-grade gold properties.