Fortitude Gold Declares July Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) has announced a monthly dividend of $0.04 per share, payable on July 29, 2022, to shareholders on record as of July 19, 2022. The company, based in Colorado Springs, focuses on gold production and development in Nevada, aiming for low operating costs and high margins. It emphasizes sustainability in dividend payments, which may vary based on operational cash flow and market conditions.

Positive

• Monthly dividend of $0.04 per share enhances income for shareholders.
• Company has a strategy of organic growth and aims to remain debt-free.

Negative

• Dividends may be discontinued at the Board's discretion due to operational cash flow issues or market conditions.

COLORADO SPRINGS, CO / ACCESSWIRE / July 5, 2022 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on July 29, 2022 to shareholders of record as of July 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 Corporation

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https://www.accesswire.com/707527/Fortitude-Gold-Declares-July-Monthly-Dividend

FAQ

What is the dividend amount declared by Fortitude Gold for July 2022?

Fortitude Gold declared a dividend of $0.04 per share for July 2022.

When will the dividend for Fortitude Gold be paid?

The dividend will be paid on July 29, 2022.

What is the record date for Fortitude Gold's July dividend?

The record date for the dividend is July 19, 2022.

How does Fortitude Gold determine its dividend payments?

Dividend payments may vary based on operational cash flows, development needs, and market conditions.

What factors could lead to the discontinuation of Fortitude Gold's dividends?

Dividends could be discontinued due to changes in operational cash flows or adverse market conditions.