Fortitude Gold Declares November Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) has declared a monthly dividend of $0.04 per common share, payable on November 30, 2021, to shareholders of record as of November 19, 2021. The Company focuses on producing gold in Nevada and aims for low operating costs and high margins. While the Company emphasizes its intention to distribute substantial dividends, it notes that dividend amounts may vary based on operational cash flows and market conditions. Fortitude Gold operates five high-grade gold properties and aims to grow organically without debt.

Positive

• Monthly dividend of $0.04 per share increases shareholder income.
• Operations in Nevada, a mining-friendly jurisdiction, enhances growth potential.
• Focus on low operating costs and high margins supports profitability.

Negative

• Dividends may vary or be discontinued based on operational cash flows and market conditions.
• Forward-looking statements carry risks and uncertainties, including the impact of COVID-19 on operations.

COLORADO SPRINGS, CO / ACCESSWIRE / November 4, 2021 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on November 30, 2021 to shareholders of record as of November 19, 2021. 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/671107/Fortitude-Gold-Declares-November-Monthly-Dividend

FAQ

What is the dividend amount for Fortitude Gold Corp. for November 2021?

Fortitude Gold Corp. has declared a dividend of $0.04 per common share for November 2021.

When is the dividend payment date for Fortitude Gold Corp.?

The dividend payment date for Fortitude Gold Corp. is November 30, 2021.

Who is eligible for the Fortitude Gold Corp. dividend?

Shareholders of record as of November 19, 2021, are eligible for the dividend.

How often does Fortitude Gold Corp. pay dividends?

Fortitude Gold Corp. aims to distribute dividends on a monthly basis, but the amount may vary.

What factors affect Fortitude Gold Corp.'s dividend payments?

Dividend payments may be affected by operational cash flows, market conditions, and Company development strategies.