Fortitude Gold reports 2022 net income $14.7M, cash up 13% to $45.1M, 2023 production outlook 40,000 oz

Fortitude Gold Corp

2022-FY EPS reported $0.61 revenue$74,379,000

Net income $14.7M ($0.61/share) on net sales $74.4M; gold production 41,231 oz exceeded 2022 target by 3%.
All-in sustaining cost $725/oz; cash balance $45.1M (up 13% YoY); working capital $84.1M; no debt.
2023 gold production outlook 36,000–40,000 oz; exploration budget $10.1M for Nevada properties.
Updated Isabella Pearl P&P reserves: 45,000 oz gold; maiden County Line resource: 37,400 oz M&I.
Paid $11.5M in dividends in 2022; dividend yield over 7.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fortitude Gold Corp reported the year ended December 31, 2022 results: revenue $74.4 million, net income $14.7 million, EPS $0.61 per share. Guidance initiated.

Period: the year ended December 31, 2022
Revenue: $74.4 million
Net income: $14.7 million
EPS: $0.61 per share
Guidance: initiated
Result: reported results

Exact text from the filing

The Company recorded revenues of $74.4 million, and net income of $14.7 million, or $0.61 per share.

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Source: SEC EDGAR

accession 0001558370-23-002400

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