secwatch.observer — SEC 8-K summary
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Issuer:     Fortitude Gold Corp (FTCO)
CIK:        0001828377
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001558370-24-001853
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828377/000155837024001853/0001558370-24-001853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828377/000155837024001853/ftco-20240227x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001853

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