earnings
confidence high
sentiment neutral
materiality 0.65
Fortitude Gold Q2 net income $0.27/sh, maintains 2022 gold production outlook
Fortitude Gold Corp
2022-Q2 EPS reported
$0.38
revenue$39,354,000
- Net sales $24.0M; net income $6.6M ($0.27 per share) for Q2 2022.
- Gold production of 10,980 oz; total cash cost $646/oz, all-in sustaining cost $733/oz.
- Cash balance $40.7M, working capital $76.9M at June 30, 2022.
- Maintains 2022 production outlook of 36,000–40,000 oz gold.
- Q2 gold production down 25% YoY; costs increased from prior year.