COLORADO SPRINGS, CO / ACCESS CABLE / July 19, 2022 / Fortitude Gold Corp. (OTCQB:FTCO) (the “Company”) announces preliminary second quarter production results of 10,980 ounces of gold. The Company maintains its 2022 Annual Production Outlook of 40,000 ounces of gold (a range of 36,000 to 40,000 ounces). Fortitude Gold is a gold producer, developer and explorer with operations in Nevada, USA. offering investor exposure to both gold production and dividend yield.
Preliminary second quarter production totaled 10,980 ounces of gold, an 11% increase from the previous quarter. Gold production for the first half of 2022 totaled 20,855 ounces. Mining operations at the Isabella Pearl Gold Mine are now focused exclusively on the high-grade Phase Two Pearl Zone.
The Company maintains its Annual Production Outlook for 2022 with a target of 40,000 ounces of gold (a range of 36,000 to 40,000 ounces). Full second quarter financial results will be available at the time the Company files its quarterly report on Form 10-Q with the Securities and Exchange Commission.
About Fortitude Gold Corp.:
Fortitude Gold is a US-based gold producer that focuses on projects with low operating costs, high margins and strong returns on capital. The Company’s strategy is to grow organically, remain debt free and distribute substantial dividends. The Company’s Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt and a sixth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production. Nevada, USA is among the top mining-friendly jurisdictions in the world.
Precautionary Statements: This Press release contains forward-looking statements that involve risks and uncertainties. If you are risk averse, you should NOT to buy shares in Fortitude Gold Corp. The statements contained in this Press release statements 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. When used in this news release, the words “plan “, “target”, “anticipate”, “believe”, “estimate”, “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, but are not limited to, statements about the Company’s strategy, future production plans, future costs and expenses, future liquidity and capital resources, and estimates of mineralized material are forward-looking statements. All forward-looking statements in this news release are based on information available to the Company as of the date of this news release, and the Company undertakes no obligation to update any such forward-looking statements.
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Forward-looking statements involve a number of risks and uncertainties, and there can be no guarantee that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. In particular, the scope, duration and impact of the COVID-19 pandemic on mining operations, Company employees and supply chains, as well as the scope, duration and impact of government measures intended to mitigating the pandemic may cause actual future results to differ. materially from those expressed or implied in any forward-looking statement. Also, there can be no guarantee that production will continue at a specific rate.
FONT: Fortitude Gold Corporation