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) announced positive metallurgical test results from its Golden Mile property, achieving up to 85% gold recovery in column leach tests. This progress is vital as it moves the project closer to a production decision. Further tests will extend to 90 days to confirm ongoing gold recovery. The company is also preparing for an exploration drill program targeting additional mineralization. CEO Jason Reid emphasized the importance of these results for project due diligence, aiming to advance Golden Mile into production soon.
Fortitude Gold Corp. (OTCQB:FTCO) announced a 16.7% increase in its monthly dividend to $0.035 per share, payable on July 30, 2021. This decision is attributed to strong operational performance at the Isabella Pearl mine, reflecting a solid cash position. The company aims to return cash to shareholders while managing capital needs for growth. This marks the second consecutive dividend increase, showcasing the company's confidence in generating free cash flow. Preliminary production numbers for Q2 are expected mid-July.
Fortitude Gold Corp. (OTCQB:FTCO) announced promising drill results from its East Camp Douglas property, revealing significant gold intercepts.
Initial results include 17.92 meters grading 1.29 g/t gold and 6.10 meters grading 1.42 g/t gold.
The exploration aims to understand geologic structures associated with a sizeable lithocap, with high-grade surface samples reaching up to 31 g/t gold.
These findings support the potential for a substantial near-surface gold deposit, leading to plans for a follow-up drill campaign later in 2021.
Fortitude Gold Corp. (OTCQB:FTCO) has announced a monthly dividend of $0.03 per common share, payable on June 30, 2021, to shareholders of record as of June 21, 2021. The company, based in Colorado Springs, focuses on gold production with operations in Nevada. The dividend amount may fluctuate based on various factors including operational cash flows and market conditions. Fortitude Gold aims to grow organically while promising significant future dividends.
Fortitude Gold Corp. (OTCQB:FTCO) announced its Q1 2021 results, producing 11,536 ounces of gold at an all-in sustaining cost of $575 per ounce. The company reported net sales of $20.7 million and increased its cash balance by $7.4 million to $35.2 million, reflecting a 27% growth from the previous year-end. Net earnings stood at $2.4 million, or $0.10 per share. Fortitude Gold maintains its 2021 production outlook, targeting 40,000 ounces, and initiated a monthly dividend of $0.03 per share, representing a 50% increase.
Fortitude Gold (OTCQB:FTCO) announced its first quarter 2021 earnings conference call set for May 12, 2021, at 11:00 AM Eastern Time. CEO Jason Reid will discuss Q1 results and current operations, followed by a Q&A session. Fortitude Gold focuses on low-cost gold production in Nevada, targeting projects with high margins and strong returns, including the Isabella Pearl mine. The company positions itself for organic growth and aims to remain debt-free.
Fortitude Gold Corp. (OTCQB:FTCO) announced a 50% increase in its monthly dividend to $0.03 per common share, equating to an annual payout of $0.36. This dividend will be paid on May 28, 2021 to shareholders of record as of May 17, 2021. CEO Jason Reid highlighted the company’s strong operational performance and free cash generation from its high-grade Isabella Pearl gold mine. The dividend hike aims to attract new investors seeking yield, underscoring the company’s commitment to delivering returns while pursuing growth in a favorable mining jurisdiction.
Fortitude Gold Corp. (OTCQB:FTCO) announced preliminary production results for Q1 2021, reporting 11,536 gold ounces mined from the Isabella and Pearl zones. The Isabella Pearl deposit has an estimated average gold grade of 3.88 grams per tonne as of December 31, 2020. The company maintains its production outlook for 2021, targeting 40,000 ounces of gold, assuming no disruptions from COVID-19 or operational challenges. Full financial results will be available in their upcoming Form 10-Q filing.
Fortitude Gold Corp. (OTCQB:FTCO) announced the initiation of a monthly dividend of $0.02 per common share, totaling $0.24 annually. This dividend, payable on April 30, 2021 to shareholders of record as of April 19, 2021, represents a significant milestone for the company. CEO Jason Reid highlighted that this step enhances shareholder value through consistent cash distributions. The company emphasizes that dividends may vary and depend on operational cash flows and market conditions.
Fortitude Gold Corp. (OTCQB:FTCO) announced promising drill results from its Golden Mile property in Nevada, confirming high-grade gold mineralization. Recent intercepts include 20.10 meters grading 3.60 g/t gold. The company is moving forward with engineering studies for an open-pit heap leach operation and plans a second drill campaign to expand this mineralization. The Golden Mile property encompasses over 4,294 hectares with known zones of mineralization, indicating substantial potential for future production.
