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COLORADO SPRINGS - Fortitude Gold Corp. (OTCQB:FTCO), a mining company with a market capitalization of $88 million and current dividend yield of 3.31%, announced Monday it will pay a monthly dividend of $0.01 per common share on July 31, 2025, to shareholders of record as of July 21, 2025.
The gold producer, which operates in Nevada and maintains a strong liquidity position with a current ratio of 9.83, stated in a press release that dividend amounts and consistency may vary or be discontinued based on several factors including operational cash flows, company development requirements, gold and silver prices, and general market conditions. According to InvestingPro analysis, the stock is currently trading near its Fair Value.
Fortitude Gold describes itself as a U.S.-based gold producer focusing on projects with low operating costs and high margins. The company’s Nevada Mining Unit comprises eight gold properties, with seven located in the Walker Lane Mineral Belt and one in west central Nevada.
The Isabella Pearl gold mine is currently in production, while County Line is the company’s next targeted mine development, according to the announcement.
The company noted that its corporate strategy involves organic growth while maintaining a debt-free status and distributing dividends to shareholders.
In other recent news, Fortitude Gold Corp has reported its Q1 2025 earnings, revealing net sales of $6.5 million and an earnings per share (EPS) of $0.05, which met market expectations. The company also announced a reduction in its monthly dividend from $0.04 to $0.01 per share, citing cash conservation needs amid permit delays for its County Line project. Fortitude Gold is focusing on strategic developments, including exploration activities aimed at extending the mine life at the Isabella Pearl site. The company ended the first quarter with a net income of $1.2 million and a cash balance of $21.4 million. Despite challenges, Fortitude Gold remains committed to maintaining financial stability and operational efficiency. The company is strategically positioned to capitalize on future mining opportunities, with ongoing efforts to secure necessary permits. Additionally, Fortitude Gold is advancing deeper mining operations at the Isabella Pearl pit, following findings of extended oxide gold mineralization.
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