Fortitude Gold Corp. ( (FTCO) ) has released its Q1 earnings. Here is a breakdown of the information Fortitude Gold Corp. presented to its investors.
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Fortitude Gold Corp., a Colorado-based mining company, focuses on gold and silver projects with low operating costs and high returns, primarily operating the Isabella Pearl Mine in Nevada. In its latest quarterly earnings report, Fortitude Gold Corp. announced net sales of $6.5 million and a net income of $1.2 million, translating to $0.05 per share. The company reported a cash balance of $21.4 million and a working capital of $30.7 million as of March 31, 2025. Key financial metrics included a mine gross profit of $3.3 million and exploration expenses of $1.4 million. Gold production was recorded at 1,780 ounces, with total cash costs after by-product credits at $1,033 per gold ounce sold. The company paid $2.9 million in dividends during the quarter. Looking ahead, Fortitude Gold Corp. remains focused on its exploration and development activities, including ongoing permitting processes for its County Line and East Camp Douglas properties, while maintaining a cautious approach to capital expenditures amid permitting delays.