Fortitude Gold reports Q3 net income $5.7M, maintains 2023 production outlook

Fortitude Gold Corp

2023-Q3 EPS reported $0.65 revenue$62,027,000

Net sales $21.3M, net income $5.7M ($0.24 per share); cash balance $52.0M at quarter end.
Produced 11,122 gold oz, sold 11,042 oz at total cash cost $547/oz after by-product credits.
All-in sustaining cost $651/oz; realized gold price $1,931/oz.
Maintains 2023 production outlook of 36,000–40,000 gold ounces.
Exploration expenditures $3.8M; working capital $98.1M; $2.9M dividends paid in Q3.

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 0.95

Fortitude Gold Corp reported three and nine months ended September 30, 2023 results: net income $5.7 million net income, EPS $0.24 per share. Guidance reaffirmed.

Period: three and nine months ended September 30, 2023
Net income: $5.7 million net income
EPS: $0.24 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The Company recorded net income of $5.7 million, or $0.24 per share and reported cash and cash equivalents at quarter end of $52.0 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Fortitude Gold Corp reported third quarter ended September 30, 2023 results: revenue $21.3 million net sales, net income $5.7 million net income, EPS $0.24 per share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $21.3 million net sales
Net income: $5.7 million net income
EPS: $0.24 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Fortitude Gold Corporation (OTCQB: FTCO) (the “Company”) reported results for the third quarter ended September 30, 2023, including $21.3 million net sales, $5.7 million net income, or $0.24 per share, and increased its cash balance to $52.0 million at quarter end.

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Source: SEC EDGAR

accession 0001558370-23-017128

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