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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... see more

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Fortitude Gold Corp > Progress On Improving Reserves

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Post by skys1 on Apr 21, 2022 3:56pm

Progress On Improving Reserves

Does anyone have any idea why with all the cash the Company has and all of the prospective properties they control, why more isn't being done to increase reserves, or producing properties or even production for that matter? Yes they are paying a terrific dividend, but they only have a couple years of reserves so without some type of serious progress those divs. can't last too long.

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Comment by BamBam76 on Apr 26, 2022 10:30pm

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 ...more

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Fortitude Gold Corp