Fortitude Gold Declares January Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) announced a monthly dividend of $0.04 per common share, payable on January 31, 2023, to shareholders recorded by January 19, 2023. The company focuses on gold production and aims to provide investors with both exposure to gold and dividend income. Fortitude Gold targets projects with low operating costs and aims to remain debt-free while distributing substantial dividends. Variability in dividends may occur based on operational cash flows and market conditions.

Positive

• Monthly dividend of $0.04 per share reflects ongoing commitment to shareholder returns.
• Focus on low operating costs and high margins can enhance profitability.
• Debt-free strategy positions the company well for financial stability.

Negative

• Dividends may vary based on operational cash flows and external factors, introducing uncertainty for investors.
• Forward-looking statements indicate inherent risks and uncertainties in future production rates.

COLORADO SPRINGS, CO / ACCESSWIRE / January 5, 2023 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on January 31, 2023 to shareholders of record as of January 19, 2023. 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 Corporation

View source version on accesswire.com:
https://www.accesswire.com/734103/Fortitude-Gold-Declares-January-Monthly-Dividend

FAQ

What is the dividend amount declared by Fortitude Gold Corp. for January 2023?

Fortitude Gold Corp. declared a dividend of $0.04 per common share for January 2023.

When will the dividend be paid to shareholders of Fortitude Gold Corp.?

The dividend will be paid on January 31, 2023, to shareholders of record as of January 19, 2023.

Are dividends from Fortitude Gold Corp. guaranteed?

No, dividends may vary in amount and consistency based on operational cash flows and other factors.

What factors could affect the dividend payments from Fortitude Gold Corp.?

Dividend payments could be affected by operational cash flows, market conditions, construction costs, and taxation.