---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-002400"
form_type: "8-K"
ticker: "FTCO"
cik: "0001828377"
company_name: "Fortitude Gold Corp"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:38:01.819709+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001558370-23-002400
- form_type: 8-K
- ticker: FTCO
- cik: 0001828377
- company_name: Fortitude Gold Corp
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828377/000155837023002400/0001558370-23-002400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828377/000155837023002400/ftco-20230228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-002400
- JSON: https://secwatch.observer/filing/0001558370-23-002400.json
- Plain text: https://secwatch.observer/filing/0001558370-23-002400.txt

## Key facts
- Earnings Releases
  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
  source text: The Company recorded revenues of $74.4 million, and net income of $14.7 million, or $0.61 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828377/000155837023002400/0001558370-23-002400-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.