Fortitude Gold Q3 net income $1.7M, gold production 9,500 oz at $613/oz cash cost

Fortitude Gold Corp

2022-Q3 EPS reported $0.45 revenue$55,476,000

Net sales $16.1M, net income $1.7M ($0.07 per share) for Q3 2022.
Produced 9,500 gold oz at total cash cost after by-product credits $613/oz; all-in sustaining cost $687/oz.
Cash balance rose to $42.2M; working capital $82.6M at Sept 30, 2022.
Maintained 2022 gold production outlook of 40,000 oz (range 36,000-40,000).
Paid $2.9M in dividends ($0.12 per share) during the quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Fortitude Gold Corp reported third quarter ended September 30, 2022 results: revenue $16.1 million, net income $1.7 million, EPS $0.07 per share. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $16.1 million
Net income: $1.7 million
EPS: $0.07 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Gold Corporation (OTCQB: FTCO) (the “Company”) reported production and financial results for the third quarter ended September 30, 2022 of 9,500 ounces of gold produced, $16.1 million net sales, and increase to its treasury to $42.2 million. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. Q3 2022 FINANCIAL RESULTS

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Source: SEC EDGAR

accession 0001558370-22-015821

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