Fortitude Gold Corp FTCO

Metals & Mining Gold

Fortitude Gold Corporation is a gold producing company. The Company’s Nevada Mining Unit consists of seven properties located in the Walker Lane Mineral Belt. Its flagship Isabella Pearl project is an open-pit heap leach project, which covers approximately 9,000 acres. It owns an interest in the Golden Mile property, which is located approximately 36 kilometers (km) east of the town of Luning, Nevada. The Mina Gold property covers an area of approximately 1,200 acres consisting of 61 unpatented claims and five patented claims. Its East Camp Douglas gold property covers an area of approximately 5,600 acres. The County Line property has a total land package of 2,400 acres consisting of 116 unpatented lode mining claims and six unpatented placer mining claims. The Dauntless gold property is located in Esmeralda County, Nevada, approximately 30 km southwest of Tonopah, Nevada. The Intrepid claim package is located in Mineral County, Nevada, approximately 10 km northwest of Mina, Nevada.

OTCQB:FTCO - Post by User

Fortitude Gold Corp > Anybody out there?

<< Previous

Bullboard Posts

Next >>

Comment by BamBam76on Jan 20, 2024 4:50pm

93 Views

Post# 35837538

RE:RE:Anybody out there?

I guess it's time to start writing our congressmen to try and help get some movement on the BLM permits. It will be interesting to hear what Mr. Reid has to say, but it appears that they don't have anywhere else to mine until the permits are approved ... that have been in the review queue for a year or more. Less than 6,000 oz production is really low for this group. I would assume they scaled back production to leave more gold on the pad so they can meet next year's goal if the permits get held up even longer. This seems like a great company. It's sad to see the red tape slowing things up. Fortunately management has been very conservative and is taking a balanced approach to production to fund further drilling without shareholder dilution. I have really liked getting the consistent monthly dividend. It's OK to wait for a major discovery when you are getting 7-8% on your money while doing it. Hopefully the permits get approved in Q1.

<< Previous

Bullboard Posts

Next >>

Air Canada will expand service to India this winter