Fortitude Gold Declares September Monthly Dividend

Rhea-AI Summary

Fortitude Gold Corp. (OTCQB:FTCO) has declared a monthly dividend of $0.04 per common share, payable on September 30, 2022, to shareholders on record as of September 19, 2022. The company, which operates in Nevada, focuses on gold production and aims to provide both operational success and dividend yield. Dividend amounts may vary based on factors such as cash flows and market conditions. Fortitude Gold targets projects with low costs and strong returns, remaining debt-free while delivering substantial dividends to investors.

Positive

• Monthly dividend of $0.04 per share contributes to income for shareholders.
• Focus on low operating costs and high margins enhances profitability.
• Debt-free strategy indicates financial stability and confidence.

Negative

• Dividends may vary or be discontinued at the discretion of the Board.
• Forward-looking statements indicate risks related to COVID-19 impacts on operations.

COLORADO SPRINGS, CO / ACCESSWIRE / September 6, 2022 / Fortitude Gold Corp. (OTCQB:FTCO) (the "Company") declares its monthly dividend of $0.04 per common share payable on September 30, 2022 to shareholders of record as of September 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 Corp.

View source version on accesswire.com:
https://www.accesswire.com/714698/Fortitude-Gold-Declares-September-Monthly-Dividend

FAQ

What is the dividend amount declared by Fortitude Gold Corp?

Fortitude Gold Corp has declared a monthly dividend of $0.04 per common share.

When is the dividend payment date for Fortitude Gold Corp?

The dividend payment date is September 30, 2022.

Who is eligible for the Fortitude Gold Corp dividend?

Shareholders on record as of September 19, 2022, are eligible for the dividend.

Can the dividend be discontinued by Fortitude Gold Corp?

Yes, the dividend amount and consistency can be varied or discontinued at the Board's discretion.

What factors influence the dividend payments of Fortitude Gold Corp?

Factors include operational cash flows, company strategies, construction costs, and market conditions.