earnings
confidence high
sentiment negative
materiality 0.85
Fortitude Gold Q2 net loss $0.1M; gold sales halved to 4,123 oz; permits delayed
Fortitude Gold Corp
2024-Q2 EPS reported
-$0.01
revenue$17,735,000
- Net sales $9.6M, net loss $0.1M ($(0.01)/share); mine gross profit $4.8M.
- Produced 4,150 oz gold, sold 4,123 oz; cash cost $782/oz, all-in sustaining $1,013/oz.
- Cash $32.9M, working capital $48.4M; paid $2.9M dividends in Q2.
- Awaiting permits to mine deeper at Isabella Pearl and to build County Line mine.
- Exploration expenditures $4.3M; high-grade gold intercepted on multiple properties.