Fortitude Gold Corp (PK:FTCO)
Business Focus: Integrated Mining
| Sector: Basic Materials | Industry: Integrated Mining |
| Company Contact | |
| Address: | 2886 Carriage Manor Point COLORADO SPRINGS CO 80906 |
| Tel: | N/A |
| Website: | https://www.fortitudegold.com |
| IR: | See website |
| Key People | ||
| Jason D. Reid President, Chief Executive Officer, Director | John A. Labate Chief Financial Officer | Janet Turner Chief Financial Officer |
| Gregory A. Patterson Vice President of Corporate Development | Allan Turner Vice President - Exploration | |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Fortitude Gold Corp revenues decreased 2% to $73.1M. Net income increased 16% to $17M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Interest (income) expense increase from $71K to $2M (income), General and administrative expenses - B decrease of 14% to $4.8M (expense). |
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