CEO Ganoza: "Our operations performed in line with expectations for the first quarter with 112,543 of gold equivalent production, $84.3 million in cash from operations before working capital changes and earnings per share of $0.09."
Fortitude Gold reports Q1 2024 results: $8.2 million net sales, $3.6 million in exploration expense, $2.9 million cash dividends to shareholders, $4.2 million mine gross profit, and a cash balance on March 31, 2024 of $41.9 million.
Fortitude Gold declares its monthly dividend of $0.04 per common share payable on May 31, 2024. CEO Jason Reid will host a conference call May 8 at 11:00 a.m. ET. about first quarter results and current operations.
"This latest drill program confirms and expands upon a high-grade gold feeder zone within the East Pit," stated Mr. Allan Turner, Vice President of Exploration for Fortitude Gold.
