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Fortitude Gold Corp (FTCO) is a dynamic U.S. based gold producer, developer, and explorer, primarily active in Nevada, one of the world's premier mining jurisdictions. With a strategic focus on projects that promise low operating costs, high margins, and robust returns on capital, Fortitude Gold has carved a niche in the gold mining industry. The Company adopts a unique strategy of organic growth, maintaining a debt-free status and distributing substantial dividends to its shareholders.
The Company's Nevada Mining Unit consists of eight high-grade gold properties, seven of which are located in the Walker Lane Mineral Belt and an eighth in west central Nevada. Notably, the flagship Isabella Pearl gold mine is currently in production, situated on the Isabella Pearl mineralized trend.
Fortitude Gold recently announced significant high-grade gold drill intercepts at its East Camp Douglas lithocap system, underlined by the discovery of an intersection between two faults feeding high-grade gold into the system. High-grade intercepts include 3.05 meters grading 5.57 grams per tonne (g/t) gold within a broader intercept of 12.19 meters grading 2.90 g/t gold. This discovery elevates East Camp Douglas's exploration status, increasing its potential for a significant near-surface gold deposit.
The Company's County Line project continues to show promise with multiple oxide gold drill intercepts at and near surface. The project, located approximately 26 kilometers northwest of the Isabella Pearl mine, is expected to provide ore feed for the Isabella Pearl operation. Recent drill results have added ounces to the County Line resource, with intercepts such as 16.76 meters grading 2.19 g/t gold.
In managerial developments, Fortitude Gold is set to undergo a smooth transition as the Chief Financial Officer, Mr. John Labate, prepares to retire on June 1, 2024. Ms. Janet Turner, the current Corporate Controller, will succeed him, ensuring continuity in the Company's financial strategy.
For the first quarter of 2024, Fortitude Gold reported net sales of $8.2 million, a mine gross profit of $4.2 million, and a cash balance of $41.9 million. The Company produced 3,983 gold ounces during this period, primarily sourced from the Isabella Pearl's lower grade Civit Cat zone.
Fortitude Gold remains committed to expanding its gold production capabilities, with ongoing exploration and development projects aimed at unlocking further value from its Nevada properties. The Company's forward-looking statements highlight the potential for further high-grade gold discoveries and operational expansions, positioning it as a significant player in the gold mining sector.
Fortitude Gold Corp. (OTCQB:FTCO) has announced significant oxide gold drill intercepts at the Scarlet North target along the Isabella Pearl trend in Nevada. Key highlights include:
- 9.14 meters grading 2.33 g/t gold within 16.76 meters grading 1.58 g/t gold
- Multiple near-surface gold intercepts
- Rock chip samples from a new, undrilled target area, with the highest assaying 2.24 g/t gold
The Scarlet North target is located just 700 meters northwest of the Isabella Pearl heap leach and process facility. The company aims to define a potentially significant disseminated gold system and move closer to an initial resource. Fortitude Gold is considering submitting a permit modification to expand the current Isabella Pearl mine plan boundary to include the Scarlet North area for mining and exploration.
Fortitude Gold (OTCQB:FTCO) has announced its second quarter earnings conference call scheduled for Wednesday, July 31, 2024, at 11:00 a.m. Eastern Time. CEO Jason Reid will host the call, discussing Q2 results and providing updates on current operations. The company, a gold producer, developer, and explorer operating in Nevada, offers investors exposure to both gold production and dividend yield.
Participants can join the conference via webcast or telephone. The webcast link is provided, and telephone dial-in options include both toll-free and international numbers. A Q&A session will follow the opening remarks. For those unable to attend, a webcast replay and teleconference replay will be available after the call.
Fortitude Gold Corp. (OTCQB:FTCO) has reported preliminary production results for the second quarter ended June 30, 2024, with 4,150 gold ounces produced. The company, which operates in Nevada, U.S.A., processed residual gold from the heap leach pad and ore from the Isabella Pearl's lower grade Civit Cat zone. Fortitude Gold is currently awaiting permit approval to mine deeper in the deposit's higher-grade Pearl zone. The company offers investors exposure to both gold production and dividend yield. Full financial results for Q2 2024 will be available when Fortitude Gold files its quarterly report on Form 10-Q with the SEC.
Fortitude Gold has announced its July 2024 monthly dividend of $0.04 per common share. This dividend will be paid on July 31, 2024, to shareholders who are on record as of July 19, 2024. Fortitude Gold operates in Nevada, U.S.A., focusing on gold production, development, and exploration. The company emphasizes providing investors with both gold exposure and dividend yield. The dividend amount and consistency may vary or be discontinued based on factors such as operational cash flows, company development needs, construction, gold and silver prices, taxation, market conditions, and other factors outlined in the company's SEC filings.
Fortitude Gold Corp. (OTCQB:FTCO) announced a significant gold discovery at its Intrepid property in Mineral County, Nevada. The company intercepted 1.21 grams per tonne (g/t) gold over 27.43 meters, including 6.10 meters at 2.01 g/t gold. This discovery fits well with the company's hub and spoke operations, being close to the East Camp Douglas property and Isabella Pearl operations. Vice President of Exploration, Allan Turner, expressed optimism about the drilling results and mentioned plans for additional drilling to understand the area's gold mineralization. CEO Jason Reid highlighted the potential for future mining developments and praised the exploration team's efforts.
Fortitude Gold (OTCQB: FTCO) has announced its June 2024 monthly dividend of $0.04 per common share.
The dividend will be payable on June 28, 2024, to shareholders recorded by June 20, 2024.
Fortitude Gold operates in Nevada, U.S.A., focusing on gold production, development, and exploration, offering investors exposure to gold yields and dividends.
Dividend amounts and consistency may vary or be discontinued based on factors like operational cash flows, development strategies, construction, gold and silver prices, taxation, and market conditions.
Fortitude Gold announced multiple high-grade oxide gold drill intercepts from its East White Rock Springs target at East Camp Douglas. Notable results include 1.52 meters grading 2.41 g/t gold within 18.29 meters grading 1.03 g/t gold, and 1.52 meters grading 4.36 g/t gold within 10.67 meters grading 1.02 g/t gold. Drilling has consistently returned high-grade intercepts, enhancing the current geological model. The company recently completed geophysical surveys and is analyzing the data, believing gold mineralization is linked to NNE striking faults. Fortitude Gold continues to explore this area to define gold-bearing intervals further.
Drill highlights include: Hole# ECDRC-183: 10.67 m of 1.02 g/t gold, incl. 1.52 m of 4.36 g/t gold; Hole# ECDRC-185: 9.14 m of 1.10 g/t gold, incl. 3.05 m of 2.41 g/t gold; Hole# ECDRC-186: 22.86 m of 0.91 g/t gold, incl. 6.10 m of 1.48 g/t gold; Hole# ECDRC-187: 18.29 m of 1.03 g/t gold, incl. 1.52 m of 2.41 g/t gold.
Fortitude Gold Corp. (OTCQB:FTCO) announced significant high-grade oxide gold intercepts from its West White Rock Springs target in East Camp Douglas. Key highlights include 6.10 meters grading 3.47 g/t gold within 9.14 meters grading 2.45 g/t gold, and 1.52 meters grading 9.79 g/t gold within 15.24 meters grading 1.74 g/t gold. Multiple rounds of drilling in 2023 and 2024 have identified a high-grade gold system. Future exploration efforts will involve geophysical surveys to further define the gold mineralization and its structural correlations.
Fortitude Gold reported its first quarter 2024 results, including $8.2 million in net sales, $3.6 million in exploration expenses, $2.9 million in cash dividends to shareholders, $4.2 million in mine gross profit, and a cash balance of $41.9 million. The Company confirmed its production of 3,983 gold ounces and remains in a strong financial position. CEO Jason Reid highlighted successful operations despite permitting delays and emphasized ongoing exploration efforts and potential mine development.
Fortitude Gold (OTCQB:FTCO) announced their first quarter earnings conference call scheduled for May 8, 2024. The company, a gold producer in Nevada, will discuss first quarter results and operations during the call.
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