Welcome to our dedicated page for Fortitude Gold news (Ticker: FTCO), a resource for investors and traders seeking the latest updates and insights on Fortitude Gold stock.
Fortitude Gold Corp. (FTCO) delivers timely updates on gold production, exploration milestones, and financial performance from Nevada's mining districts. This page aggregates official press releases and verified news about the company's operations, providing investors with a comprehensive view of strategic developments.
Access curated information on quarterly earnings, resource estimates, drilling results, and dividend declarations. Stay informed about key projects including the Isabella Pearl mine and County Line development through primary source materials. The repository serves analysts and stakeholders seeking unfiltered data on operational efficiency and growth initiatives.
Content spans permit approvals, technical reports, leadership updates, and market communications. Regular updates ensure visibility into FTCO's low-cost production model and high-grade oxide gold discoveries. Bookmark this page for direct access to critical updates impacting the company's valuation and sector position.
Fortitude Gold Corp. (OTCQB:FTCO) reported preliminary Q3 production of 11,478 gold ounces, contributing to a total of 37,593 gold ounces produced in the first three quarters of 2021. The company retains its 2021 production outlook with a target upper range of 45,000 gold ounces. Mining operations have focused on waste removal at the Isabella Pearl mine, with plans to transition back to high-grade ore in Q1 2022. Full financial results will be available upon filing of Form 10-Q.
Fortitude Gold Corp. (OTCQB:FTCO) announced significant results from its 2021 Golden Mile infill drill program, reporting multiple high-grade gold intercepts. Noteworthy findings include 16.76 meters of 3.31 g/t gold and 1.52 meters of 27.50 g/t gold. The program, aimed at expanding known mineralization, confirmed substantial near-surface gold available for open-pit mining. Future drilling plans include additional step-out holes. The Golden Mile area presents further exploration opportunities, with the company targeting its initial resource estimate by the end of 2021.
Fortitude Gold Corp. (OTCQB:FTCO) announced a 14% increase in its monthly dividend to $0.04 per common share, effective October 29, 2021. This marks a cumulative dividend increase of 100% in 2021, summing up to an annual dividend of $0.48. The decision reflects the company's strategy to reward shareholders while maintaining operational growth. The company aims to attract yield-focused investors and currently offers a yield exceeding 6%. Future production numbers for the Isabella Pearl mine are expected mid-October.
Fortitude Gold Corp. (OTCQB:FTCO) has announced a monthly dividend of $0.035 per common share, payable on September 30, 2021, to shareholders of record as of September 20, 2021. The company emphasizes that dividend amounts may vary and are subject to the Board's discretion, influenced by factors such as operational cash flows and market conditions. Fortitude Gold operates primarily in Nevada, focusing on projects with low operating costs and high margins, with the Isabella Pearl gold mine in production.
Fortitude Gold Corp. (OTCQB:FTCO) reported significant results from its 2021 Scarlet phase two drill program. Highlights include 4.57 meters of 3.19 grams per tonne (g/t) gold within a wider interval of 19.81 meters grading 1.57 g/t. The exploration targeted the south Scarlet area near the Isabella Pearl mine in Nevada. The company plans to conduct additional drilling at Scarlet in the fourth quarter of 2021. The results demonstrate substantial oxide mineralization, enhancing the potential for resource expansion and processing at the existing heap leach pad.
Fortitude Gold Corp. (OTCQB:FTCO) has declared a monthly dividend of $0.035 per common share, payable on August 31, 2021, to shareholders of record as of August 19, 2021. The company emphasizes that dividends may vary based on operational cash flows and other factors. Operating in Nevada, Fortitude Gold aims to remain debt-free while distributing substantial dividends, with a focus on high-margin gold properties.
Fortitude Gold Corp. (OTCQB:FTCO) announced impressive Q2 2021 results, with gold production hitting a record 14,579 ounces at an all-in sustaining cost of $628 per ounce. The company reported net sales of $25.9 million and net earnings of $8.3 million, or $0.35 per share. Cash reserves increased by 50% to $41.5 million, supporting a newly initiated annual cash dividend of $0.36 per share. Furthermore, the company has raised its annual gold production outlook to 45,000 ounces, underscoring strong operational performance and promising exploration results.
Fortitude Gold (OTCQB:FTCO) announced its second quarter 2021 earnings conference call set for August 4, 2021, at 11:00 AM Eastern Time. CEO Jason Reid will discuss second quarter results and operational updates. Investors can join via webcast or telephone. Fortitude Gold aims for low operating costs and high returns, focusing on organic growth and substantial dividends. The company operates five gold properties in Nevada, including the Isabella Pearl mine. Caution is advised due to forward-looking statements regarding production and market uncertainties.
Fortitude Gold Corp. (OTCQB:FTCO) has received permit approval for the expansion of the Isabella Pearl heap leach pad in Nevada. This expansion is necessary to accommodate additional ore reserves identified in 2019 and 2020 exploration drilling. The company's management is optimistic about the potential for discovering more open-pit gold deposits on the property. The construction budget for phase two is approximately $3M, expected to be funded by operating cash flow, with completion targeted for late 2021 or early 2022.
Fortitude Gold Corp. (OTCQB:FTCO) announced a record preliminary production of 14,579 gold ounces for Q2 2021, a 26% increase from the previous quarter. The company has revised its 2021 production outlook to an upper range of 45,000 gold ounces, up from a prior forecast of 40,000 ounces. The increase is attributed to higher-grade ore access in the Pearl zone and ongoing operations in the Isabella zone. Full financial results will be disclosed in an upcoming 10-Q filing.
