Fortitude Gold Declares December Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) announced a monthly dividend of $0.04 per common share, scheduled for payment on December 30, 2022, to shareholders on record by December 19, 2022. The company focuses on gold production and aims to grow organically while maintaining a debt-free status. Their Nevada operations include several high-grade gold properties, with the Isabella Pearl mine currently in production. Dividend amounts may vary and are subject to the Board's discretion based on various operational and market factors.

Positive

• Declaring a monthly dividend of $0.04 per share, enhancing shareholder returns.
• Operational focus on high-grade gold properties, potentially driving revenue growth.
• Commitment to remain debt-free, supporting financial stability.

Negative

• Dividends may vary or be discontinued depending on operational cash flows.
• Risks related to COVID-19 could negatively impact mining operations and supply chains.

COLORADO SPRINGS, CO / ACCESSWIRE / December 5, 2022 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on December 30, 2022 to shareholders of record as of December 19, 2022. 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.

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 and a sixth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in 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 Corp.

View source version on accesswire.com:
https://www.accesswire.com/730145/Fortitude-Gold-Declares-December-Monthly-Dividend

FAQ

What is the dividend amount for Fortitude Gold (FTCO) in December 2022?

The dividend amount is $0.04 per common share.

When will Fortitude Gold's (FTCO) dividend be paid?

The dividend will be paid on December 30, 2022.

Who is eligible for the dividend from Fortitude Gold (FTCO)?

Shareholders of record as of December 19, 2022, are eligible for the dividend.

Can Fortitude Gold (FTCO) change its dividend payments?

Yes, dividend amounts may vary or be discontinued at the Board's discretion.

What are the factors affecting Fortitude Gold's (FTCO) dividend payments?

Factors include operational cash flows, development requirements, and market conditions.