FORTITUDE GOLD CORP - FTCO STOCK NEWS

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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.

02/21/2024 09:00 AM

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Fortitude Gold Drills 1.52 Meters Grading 32.00 G/T Gold Within 18.29 Meters Grading 4.28 G/T Gold at East Camp Douglas North

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Fortitude Gold Corp. announced multiple high-grade gold drill intercepts at its East Camp Douglas North target, including 1.52 meters grading 32.00 g/t gold. The company is a gold producer, developer, and explorer with operations in Nevada, U.S.A. The drill program builds on previous successful results, with plans for additional drilling in 2024 to explore further north. CEO and President Jason Reid highlighted the impressive high-grade gold widths, emphasizing the potential of the East Camp Douglas property.

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02/20/2024 04:30 PM

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Fortitude Gold Announces 2024 Annual Meeting of Shareholders

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Fortitude Gold Corp. (FTCO) schedules its annual shareholder meeting on May 22, 2024, at the Colorado Springs Marriott. The record date for shareholder entitlement is set for March 25, 2024, offering investors exposure to gold production and dividend yield.

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02/07/2024 04:15 PM

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Fortitude Gold Acquires Two Additional High-Grade Nevada, USA Gold Properties

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Fortitude Gold (FTCO) has acquired 100% interest in two gold properties in Nevada's Walker Lane Mineral Belt, including the Dauntless gold property and the Intrepid claim package. The Dauntless property, purchased for US$725,000, has seen historic high-grade gold production and includes open pit heap leach project potential. The Intrepid claim package was acquired through staking claims and issuing a maximum net smelter return royalty of 3%. Both acquisitions offer proximity to the Company's producing Isabella Pearl mine and potential equipment and processing facility synergies.

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02/05/2024 09:00 AM

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Fortitude Gold Declares February 2024 Monthly Dividend

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Fortitude Gold Corp. (FTCO) declares a monthly dividend of $0.04 per common share, payable on February 29, 2024, to shareholders of record as of February 20, 2024. The company is a gold producer, developer, and explorer with operations in Nevada, U.S.A., offering investors exposure to gold production and dividend yield. Dividends may vary based on operational cash flows, company development requirements, spot gold and silver prices, taxation, and general market conditions.

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01/29/2024 09:00 AM

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Fortitude Gold Drills 21.34 Meters Grading 1.14 g/t Gold and 6.10 Meters Grading 1.93 g/t Gold Within 44.20 Meters Grading 0.84 g/t Gold at Scarlet North from Surface

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Fortitude Gold Corp. announced multiple oxide gold drill intercepts at the Scarlet North target along the Isabella Pearl trend. The intercepts include 10.67 meters grading 1.30 grams per tonne gold within 21.34 meters grading 1.14 g/t gold and 6.10 meters grading 1.93 g/t gold within 44.20 meters grading 0.84 g/t gold, both drilled from surface. The company is a gold producer, developer, and explorer with operations in Nevada, U.S.A. The recent drill program intercepted significant surface and near-surface high-grade oxide gold mineralization, with initial metallurgical tests suggesting the mineralization is amicable to extraction by cyanide. The proximity of this mineralization to the company's processing facilities is expected to allow for a short haul distance. The company is currently modeling the mineralization for potential open pit mine scenarios. The CEO and President of Fortitude Gold expressed excitement about the potential for a new ore source for their processing facility and the possibility of adding Scarlet as their second mine on trend.

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01/22/2024 09:00 AM

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Fortitude Gold Drills 3.05 Meters Grading 6.81 G/T Gold within 27.43 Meters Grading 1.49 G/T Gold from Surface At East Camp Douglas North

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Fortitude Gold Corp. announced high-grade surface and near surface gold drill intercepts at its East Camp Douglas North target. The company's drill program builds on previous results and adds to the current geologic model. The CEO and VP of Exploration expressed excitement about the potential of the East Camp Douglas property and the exciting exploration targets for both the northern veins and the larger southern lithocap structure.

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01/18/2024 04:30 PM

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Fortitude Gold Achieves 2023 Annual Gold Production Target

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Fortitude Gold Corp. (FTCO) announced preliminary 2023 annual production results, producing 37,996 gold ounces, meeting its targeted production range. The CEO highlighted the success of the Isabella Pearl operation and plans for future mining projects. Full financial results will be available upon filing the Form 10-K with the SEC.

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01/08/2024 10:15 AM

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Fortitude Gold Declares January 2024 Monthly Dividend

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Fortitude Gold Corp. (FTCO) declares a monthly dividend of $0.04 per common share payable on January 31, 2024, to shareholders of record as of January 19, 2024. The company is a gold producer, developer, and explorer with operations in Nevada, U.S.A., offering investors exposure to both gold production and dividend yield.

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12/07/2023 09:00 AM

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Fortitude Gold Drills 1.52 Meters Grading 23.00 G/T Gold Within 4.57 Meters Grading 8.80 G/T Gold at East Camp Douglas North

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Fortitude Gold Corp. (FTCO) announces high-grade gold drill intercepts at its East Camp Douglas northern veins target, including 1.52 meters grading 23.00 grams per tonne gold within 4.57 meters grading 8.80 g/t gold. The Company awaits additional assay results from this initial drill program and plans additional drilling in 2024 with the goal to expand mineralization and understand the geologic setting hosting this high-grade gold mineralization.

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12/06/2023 08:55 AM

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Fortitude Gold Declares December 2023 Monthly Dividend

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Fortitude Gold Corp. (FTCO) declares a monthly dividend of $0.04 per common share, payable on December 29, 2023, to shareholders of record as of December 19, 2023. The company is a gold producer, developer, and explorer with operations in Nevada, U.S.A., offering investors exposure to both gold production and dividend yield.

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FAQ

What is the current stock price of FORTITUDE GOLD (FTCO)?

The current stock price of FORTITUDE GOLD (FTCO) is $5.45 as of November 22, 2024.

What is the market cap of FORTITUDE GOLD (FTCO)?

The market cap of FORTITUDE GOLD (FTCO) is approximately 136.6M.

What does Fortitude Gold Corp do?

Fortitude Gold Corp is a gold producer, developer, and explorer with operations in Nevada. The Company focuses on projects with low operating costs, high margins, and strong returns on capital.

Where are Fortitude Gold's main operations located?

Fortitude Gold's main operations are located in Nevada, U.S.A., particularly within the Walker Lane Mineral Belt.

What is the significance of the East Camp Douglas lithocap system?

The East Camp Douglas lithocap system is significant due to its high-grade gold intercepts and the potential for a substantial near-surface gold deposit.

How is Fortitude Gold expanding its production capabilities?

Fortitude Gold is expanding its production capabilities through ongoing exploration and development projects, including the County Line project and East Camp Douglas lithocap system.

Who is the current CEO of Fortitude Gold Corp?

The current CEO of Fortitude Gold Corp is Mr. Jason Reid.

What recent managerial changes have occurred at Fortitude Gold Corp?

Mr. John Labate, the CFO, will retire on June 1, 2024, and Ms. Janet Turner, the current Corporate Controller, will take over as CFO.

What were Fortitude Gold's financial results for the first quarter of 2024?

For the first quarter of 2024, Fortitude Gold reported $8.2 million in net sales, $4.2 million in mine gross profit, and a cash balance of $41.9 million.

How does Fortitude Gold's County Line project contribute to its operations?

The County Line project provides ore feed for the Isabella Pearl operation and has shown promising high-grade gold intercepts, adding ounces to the Company's resource base.

What is Fortitude Gold's strategy for growth?

Fortitude Gold's strategy for growth includes organic development, maintaining a debt-free status, and distributing substantial dividends.

What are the recent high-grade gold intercepts reported by Fortitude Gold?

Recent high-grade gold intercepts include 3.05 meters grading 5.57 g/t gold within 12.19 meters grading 2.90 g/t gold at the East Camp Douglas lithocap system, and 16.76 meters grading 2.19 g/t gold at the County Line project.