With no debt, with a strong cash position of nearly $45 million, this ultra-low cost Gold Miner sticks out from the rest of the industry in more than its extremely low AISC. Fortitude Gold has just over 24 million shares, paying a $0.04 monthly dividend..
Part of a broader intercept of 0.58 gpt Au and 72.19 gpt Ag (1.63 AuEq) over 125.0 m in first hole of 2023 Core Drilling Program at Tombstone Project, Arizona
The Panuco-Copala District is clearly a large-scale, long-lived district with the production profile of a major epithermal vein camp”, said Dr. Peter Megaw
It’s been two decades of pain with interim bullish flashes in gold stocks, and the herds are painfully aware. They’ve learned their lesson and now they’ll miss a coming opportunity.
The bottom line is gold stocks are still undervalued, despite their mounting upleg over this past half-year or so. Gold-stock prices remain low relative to prevailing gold levels, still under the preceding few years’ average.
