Fortitude Gold Declares March Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) has declared a monthly dividend of $0.04 per common share, payable on March 31, 2022, to shareholders of record as of March 21, 2022. As a gold producer with operations in Nevada, the company emphasizes its commitment to shareholder returns through dividends. However, the board may alter dividend amounts based on various factors, including operational cash flows and market conditions. Fortitude Gold focuses on low-cost, high-margin projects and aims to maintain a debt-free status while maximizing returns for investors.

Positive

• Declares $0.04 monthly dividend, enhancing shareholder returns.
• Focus on low-cost, high-margin gold production.
• Commitment to being debt-free, promoting financial stability.

Negative

• Dividend amounts may vary or be discontinued based on board discretion.
• Forward-looking statements involve risks and uncertainties, particularly related to COVID-19 impacts on operations.

COLORADO SPRINGS, CO / ACCESSWIRE / March 7, 2022 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on March 31, 2022 to shareholders of record as of March 21, 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

View source version on accesswire.com:
https://www.accesswire.com/691842/Fortitude-Gold-Declares-March-Monthly-Dividend

FAQ

What is the dividend amount declared by Fortitude Gold Corp. in March 2022?

Fortitude Gold Corp. declared a dividend of $0.04 per common share for March 2022.

When is the dividend payable to shareholders?

The dividend is payable on March 31, 2022, to shareholders of record as of March 21, 2022.

Can the dividend amount be changed in the future?

Yes, the dividend amount may vary or be discontinued at the Board's discretion based on various factors.

What is the current operational status of Fortitude Gold's projects?

The Isabella Pearl gold mine is currently in production, contributing to Fortitude Gold's operational status.

What are the risks associated with Fortitude Gold Corp.'s forward-looking statements?

Forward-looking statements involve risks and uncertainties, including potential impacts from the COVID-19 pandemic on mining operations.