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.

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Fortitude Gold Corp > Progress On Improving Reserves

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Comment by BamBam76on Apr 26, 2022 10:30pm

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RE:Progress On Improving Reserves

The company's approach is focused on cash flow first, then expansion. In several of Jason Reid's videos, he talks about holding production at 40,000 ounces to consistantly meet expectations and steadily grow the company. The overall goal is to consistently provide a healthy dividend, which seems like a great approach in the near 0% interest world. Right now they are conserving cash for the Golden Mile build. The goal is to maintain the current share, which in my mind is a great approach. A lot of miners talk about future cash flow, but these guys seem to be doing it ... providing a nice dividend, while building an inventory of properties that would seem to have a lot of potential. See latest video here, https://www.youtube.com/watch?v=LPUHTy-VK-k

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