Fortitude Gold Declares February Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) has announced a monthly dividend of $0.04 per common share, payable on February 28, 2022, to shareholders of record as of February 18, 2022. The company focuses on low-cost gold production with a strategy aimed at organic growth, maintaining a debt-free status, and delivering substantial dividends. Fortitude Gold operates five high-grade gold properties in Nevada's Walker Lane Mineral Belt, including the actively producing Isabella Pearl mine. Possible future dividend variability depends on operational cash flows, market conditions, and company strategies.

Positive

• Declaration of a monthly dividend of $0.04 per share, enhancing shareholder income.
• Focus on low operating costs and high margins contributes to strong returns on capital.
• The company maintains a debt-free status, reducing financial risk.

Negative

• Future dividends may vary or be discontinued based on operational cash flows and other factors.
• Forward-looking statements in the PR highlight potential risks and uncertainties, including COVID-19's impact on operations.

COLORADO SPRINGS, CO / ACCESSWIRE / February 7, 2022 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on February 28, 2022 to shareholders of record as of February 18, 2022. 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/687504/Fortitude-Gold-Declares-February-Monthly-Dividend

FAQ

When is the dividend payment date for FTCO?

The dividend payment date for FTCO is February 28, 2022.

What is the amount of the dividend declared by Fortitude Gold Corp.?

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

What factors may affect the future dividends of FTCO?

Future dividends may be affected by operational cash flows, market conditions, and the company's development strategies.

What is Fortitude Gold Corp.’s business focus?

Fortitude Gold Corp. focuses on low-cost gold production and maintaining a debt-free status.