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Latest Fortitude Gold Stock News | OTC:FTCO | Benzinga

Fortitude Gold Corp is a mineral exploration and evaluation company. It mainly explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.

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FORTITUDE GOLD CORP by Fortitude Gold Corporation

Fortitude Gold Corp

News

Press Releases

Fortitude Gold Declares December 2024 Monthly Dividend

Fortitude Gold Declares January 2025 Monthly Dividend

Fortitude Gold Reports Fourth Quarter and Full Year 2024 Preliminary Gold Production

Fortitude Gold Declares February 2025 Monthly Dividend

Fortitude Gold Announces 2025 Annual Meeting of Shareholders

Fortitude Gold Announces 2024 Year-End Conference Call

Fortitude Gold Reports 2024 Financial Results

Fortitude Gold Declares March 2025 Monthly Dividend

Fortitude Gold Drills 7.62 meters Grading 2.14 g/t gold within 21.34 meters Grading 1.23 g/t gold at East Camp Douglas Lithocap

Fortitude Gold Declares April 2025 Monthly Dividend

Fortitude Gold

Want exposure to gold as a hedge against inflation and receive monthly dividends at the same time?&nbsp;

As inflation reaches extremes globally &mdash; the rate is estimated at 6.8% for 2022 in the United States &mdash; gold has seemingly become an even more attractive hedge asset. And some mining companies, including one example focused on Nevada, will also pay you a dividend as a shareholder.

Colorado Springs-based Fortitude Gold Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FTCO#OTC">FTCO</a>) reports mining its 9,000-acre Isabella Pearl project within the established Walker Lane Mineral Belt in Nevada. The company has four other projects under development in the region.

Bites By The Numbers:

<ul>
	<li>9,875 gold ounces produced at the Isabella Pearl project in the first quarter of 2022</li>
	<li>$2.6 million net income for the quarter or $0.11 per share</li>
	<li>$36.3 million in cash and cash equivalents held at end of the quarter</li>
	<li>Dividend of $0.04 per share paid monthly, or $0.48 a share annually,&nbsp;currently a yield of over 7.5%</li>
	<li>40,000 gold ounces in total are targeted for 2022 mining</li>
</ul>

Disciplined management of the company&rsquo;s projects is expected to lower future costs and improve cash flow, the company said at the time it released first-quarter results in May.

&ldquo;This approach should enable us to build our second mine without shareholder dilution, add to mine life longevity, continue to explore our portfolio of properties, pay taxes as a profitable company and distribute substantial dividends to shareholders with an attractive industry-leading yield,&rdquo; President and CEO Jason Reid, said at the time.

Fortitude has described Nevada as the world&rsquo;s premier mining jurisdiction with both junior companies and mature mining giants digging for gold in the state. Bigger companies active in the state include Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) and Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) which have a joint venture called Nevada Gold Mines.

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Featured photo by Peter Olexa on <a href="https://unsplash.com/photos/Ax6ggq8cSxw">Unsplash</a>

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Fortitude Gold Stock News

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Latest Fortitude Gold Stock News | OTC:FTCO | Benzinga

Tuesday, July 05, 2022

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