earnings
confidence high
sentiment positive
materiality 0.75
Fortitude Gold Q3 net income $4.6M, cash $44.3M, raises dividend to $0.48 annually
Fortitude Gold Corp
2021-Q3 EPS reported
$0.64
revenue$66,979,000
- Net income $4.6M ($0.19/share), net sales $20.4M, 11,478 oz gold produced at $793/oz AISC.
- Cash and equivalents $44.3M at Sep 30, up $16.6M from Dec 31, 2020; working capital $75.5M.
- Dividend raised 16.7% to $0.42/yr in Q3, then further 14% to $0.48/yr in Oct 2021.
- Maintains 2021 gold production outlook at high end of 45,000 oz; Q3 total cash cost $624/oz after by-product credits.
- Exploration progress at Scarlet target and Golden Mile; targeting initial resource at Golden Mile in 2021.