secwatch.observer — SEC 8-K summary
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Issuer:     Fortitude Gold Corp (FTCO)
CIK:        0001828377
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001558370-22-002593
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fortitude Gold reports record 2021 gold production, net income $0.75/sh, cash $40M, no debt; extends mine life
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- Record 2021 gold production 46,459 oz, 16% above initial target; net income $17.9M ($0.75/sh) on $82.1M revenue.
- Cash $40M with no debt; all-in sustaining cost $705/oz; monthly dividend $0.48/sh (>7.5% yield).
- Mine life extended beyond full year 2024 at 40k oz/yr run rate; Golden Mile project could add ~3.3 years through 2028.
- Updated reserves 109,700 oz gold; M&I resources 40,800 oz; inferred 14,400 oz; 30,755 oz on heap leach pad.
- 2022 production outlook 40,000 oz gold (range 36k-40k); grid connection to save $80k/month; $5.7M exploration budget.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828377/000155837022002593/0001558370-22-002593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828377/000155837022002593/ftco-20220301x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-002593

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer