This represents a reduction of approximately $50 million in total net debt in the period, reflecting cash flow contributions from the Séguéla Mine in its second full quarter of production.
Fortitude Gold Corp. declares its monthly dividend of $0.04 per common share payable on January 31, 2024 to shareholders of record as of January 19, 2024.
CEO Dyakowski: "Our first core drilling campaign at Tombstone drilled further broad intersections of oxide gold and silver adding extensions to the Contention zone."
The company announces the appointment of Blaine Bailey as CFO and Priscilla Ikani as Controller and thanks outgoing CFO, Phillip Yee for his many years of service and contributions.
Each Finder’s Warrant is exercisable to acquire one common share in the capital of the Company at an exercise price of CDN$0.14 per common share until December 20, 2025.
RC chip logging of the 13 completed holes indicate favorable geology to support potential expansion of the gold zone mineralization in the vicinities of the area previously drilled.
Silvercorp has started to capitalize on Ying’s gold opportunities and commenced production from gold-only structures in the LMW Mine, pouring its first doré bar last September.
President Shaver states: "Our focus remains on identifying other high-margin projects that we can fold into the company, while continuing with our value creation with the mines that are the foundation of our success."
