Fortitude Gold Q1 net sales $8.2M, net loss $2K, gold production 3,983 oz at $661/oz cash cost

Fortitude Gold Corp

2024-Q1 EPS reported $0.00 revenue$8,181,000

Net sales $8.2M, net loss $2K ($0.00/share) for Q1 2024.
Gold production 3,983 oz sold; cash cost $661/oz after by-products; all-in sustaining cost $777/oz.
Cash balance $41.9M, working capital $63.3M at March 31, 2024.
Exploration spending $3.6M; $2.9M paid in dividends.
Permitting delays for deeper Pearl zone and County Line mine; 2024 production outlook deferred.

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 financial results for three months ended March 31, 2024.

Period: three months ended March 31, 2024
Result: reported results

Exact text from the filing

the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒ Item 2.02 Results of Operations and Financial Condition. On May 7, 2024, Fortitude Gold Corporation issued a news release reporting its financial results for the three months ended March 31, 2024. A copy of the news release is attached as Exhibit 99.1 to this report.

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Source: SEC EDGAR

accession 0001558370-24-007075

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