Fortitude Gold Declares May Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) has announced a monthly dividend of $0.04 per common share, payable on May 31, 2022, to shareholders recorded by May 19, 2022. As a gold producer and developer in Nevada, the Company emphasizes both gold production and dividend yield. The dividend may vary or be discontinued based on operational cash flows and other factors. Fortitude Gold aims to operate debt-free and distribute substantial dividends while maintaining a focus on projects with low operating costs and high returns.

Positive

• Monthly dividend of $0.04 per share indicates strong cash flow management.
• Commitment to debt-free operations enhances financial stability.
• Focus on high-grade gold properties positions the company well for future growth.

Negative

• Dividend sustainability is uncertain; may vary or be discontinued based on cash flows.
• Forward-looking statements indicate potential risks related to production rates and market conditions.

COLORADO SPRINGS, CO / ACCESSWIRE / May 5, 2022 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on May 31, 2022 to shareholders of record as of May 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

View source version on accesswire.com:
https://www.accesswire.com/700191/Fortitude-Gold-Declares-May-Monthly-Dividend

FAQ

What is the dividend amount declared by Fortitude Gold in May 2022?

Fortitude Gold declared a dividend of $0.04 per common share in May 2022.

When is the dividend payable to shareholders?

The dividend is payable on May 31, 2022, to shareholders recorded as of May 19, 2022.

How does Fortitude Gold ensure dividend payments?

The Company manages dividends based on operational cash flows and strategic development needs.

Is the dividend from Fortitude Gold sustainable?

The dividend is subject to variability and may be discontinued depending on various financial factors.