earnings
confidence high
sentiment positive
materiality 0.75
Fortitude Gold Q2 record: $8.3M net income, 14,579 oz gold, dividend raised to $0.42
Fortitude Gold Corp
2021-Q2 EPS reported
$0.45
revenue$46,557,000
- Net income $8.3M ($0.35/share) vs $0.03 EPS year-ago; net sales $25.9M.
- Gold production 14,579 oz at AISC $628/oz; avg realized gold price $1,794/oz.
- Cash balance $41.5M, up 50% from Dec 31, 2020; working capital $72M, up 72%.
- Initiated $0.24 annual dividend, increased twice to $0.42; first-ever dividend.
- Raised 2021 outlook to 45,000 gold oz (range 40,000-45,000); YTD produced 26,115 oz.