COLORADO SPRINGS, CO / ACCESSWIRE / November 5, 2024 / Fortitude Gold Corporation (OTCQB:FTCO) (the 'Company') reported results for the third quarter ended September 30, 2024, including $10.2 million net
COLORADO SPRINGS, CO / ACCESSWIRE / November 5, 2024 / Fortitude Gold Corporation reported results for the third quarter ended September 30, 2024, including $10.2 million net sales, $2.7 million exploration expense, $2.9 million cash dividends to shareholders, $4.8 million mine gross profit, $946 thousand net income, or $0.04 per share, and a cash balance of $30.3 million at quarter end.
"The third quarter of 2024 was successful on numerous fronts for Fortitude despite continued permitting delays," stated Mr. Jason Reid, CEO and President of Fortitude Gold."We are hopeful that under a different federal administration than the current one, its agencies will become fully staffed and our future permits approved on a timelier basis.
The following Production Statistics table summarize certain information about our operations for the three and nine months ended September 30, 2024 and 2023:The following information summarizes the results of operations for Fortitude Gold Corporation for the three and nine months ended September 30, 2024 and 2023, its financial condition at September 30, 2024 and December 31, 2023, and its cash flows for the nine months ended September 30, 2024 and 2023.
Cautionary Statements: This press release contains forward-looking statements that involve risks and uncertainties. If you are risk-averse you should NOT buy shares in Fortitude Gold Corp. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
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