Fortitude Gold reports 2023 net income of $17M, $73.1M sales, AISC $656/oz

Fortitude Gold Corp

2023-FY EPS reported $0.70 revenue$73,073,000

Net income $17.0M ($0.71 per share) on $73.1M net sales; gold production 37,996 oz within guidance.
All-in sustaining cost $656/oz, down from $725/oz in 2022; cash balance grew 8% to $48.7M.
Exploration spending $17.2M (+49% YoY); $12.5M dividends paid; working capital $67.3M at year-end.
Permits for deeper Pearl pit and County Line project advancing; no 2024 production outlook provided pending permits.
Estimated 51,000 recoverable gold ounces on heap leach pad at Dec 31, 2023; Isabella Pearl mining expected to conclude mid-2024.

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, 2023 results: revenue $73.1 million net sales, net income $17.0 million, or $0.71 per share, EPS $0.71 per share.

Period: the year ended December 31, 2023
Revenue: $73.1 million net sales
Net income: $17.0 million, or $0.71 per share
EPS: $0.71 per share
Result: reported results

Exact text from the filing

CASH BALANCE TO $48.7 MILLION COLORADO SPRINGS – February 27, 2024 - Fortitude Gold Corporation (OTCQB: FTCO) (the “Company”) today reported its year-end 2023 results including $73.1 million net sales, net income of $17.0 million, or $0.71 per share, $17.2 million in exploration expense representing a 49% increase over 2022, and $12.5 million cash dividends to

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Source: SEC EDGAR

accession 0001558370-24-001853

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