---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001853"
form_type: "8-K"
ticker: "FTCO"
cik: "0001828377"
company_name: "Fortitude Gold Corp"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T12:40:53.023736+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-001853
- form_type: 8-K
- ticker: FTCO
- cik: 0001828377
- company_name: Fortitude Gold Corp
- filed_at: 2024-02-27T23:59:59+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/1828377/000155837024001853/0001558370-24-001853-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828377/000155837024001853/ftco-20240227x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001853
- JSON: https://secwatch.observer/filing/0001558370-24-001853.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001853.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828377/000155837024001853/0001558370-24-001853-index.htm

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