Fortitude Gold Q1 net income $6.4M, AISC $578/oz, cash rises to $52.3M

Fortitude Gold Corp

2023-Q1 EPS reported $0.26 revenue$21,540,000

Net sales $21.5M, net income $6.4M ($0.26 per share).
Produced 11,487 oz gold; sold 11,429 oz at total cash cost $499/oz after by-product credits.
All-in sustaining cost $578/oz; realized gold price $1,889/oz.
Cash balance increased $7.2M to $52.3M; working capital $90.1M.
Maintains 2023 production outlook of 36,000-40,000 oz; County Line and Golden Mile projects advancing.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Fortitude Gold Corp reported the first quarter ended March 31, 2023 results: revenue $21.5 million net sales, net income $6.4 million net income, EPS $0.26 per share.

Period: the first quarter ended March 31, 2023
Revenue: $21.5 million net sales
Net income: $6.4 million net income
EPS: $0.26 per share
Result: reported results

Exact text from the filing

Fortitude Gold Corporation (OTCQB: FTCO) (the “Company”) reported results for the first quarter ended March 31, 2023, including $21.5 million net sales, $6.4 million net income or $0.26 per share

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Source: SEC EDGAR

accession 0001558370-23-008544

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