Fortitude Gold Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Net sales $10.3 million; Fortitude reported $2.0 million net income, or $0.07 per share
- ➤Gold production totaled 2,139 ounces during the third quarter
- ➤Exploration expenses rose to $3.9 million during the quarter
- ➤Cash balance reached $8.5 million at September 30, 2026
- ➤Golden Mile mine construction targeted for 2027, dependent on permit timing
Expert Statements
Jason Reid, CEO and President of Fortitude Gold
“We had a very busy and productive third quarter including the ongoing expansion of our heap leach pad”
Jason Reid, CEO and President of Fortitude Gold
“Progress of our various permitting efforts is encouraging.”
Jason Reid, CEO and President of Fortitude Gold
“Our Golden Mile Permit, currently with the Bureau of Land Management, should begin the six-month National Environmental Policy Act ("NEPA") review period soon.”
Jason Reid, CEO and President of Fortitude Gold
“We are excited about the prospect of building our Golden Mile mine and we are encouraged by the progress toward obtaining the remaining permits necessary to advance the project.”
Jason Reid, CEO and President of Fortitude Gold
“In addition, we are optimistic by the progress toward securing the East Camp Douglas exploration EA permit from the Bureau of Land Management.”
Jason Reid, CEO and President of Fortitude Gold
“The permit would significantly expand our exploration acreage at East Camp Douglas and provide additional opportunities to advance the property's exploration efforts.”
Jason Reid, CEO and President of Fortitude Gold
“We are positioned to potentially be building a new mine at Golden Mile and launching our Company's largest drill campaign at East Camp Douglas in 2027.”
COLORADO SPRINGS, CO / ACCESS Newswire / November 10, 2026 / Fortitude Gold Corporation (OTCQB:FTCO) (the "Company") today reported its third quarter 2026 results including $10.3 million net sales, $3.9 million in exploration expense, $0.9 million cash dividends to shareholders, $5.2 million mine gross profit, and a cash balance at September 30, 2026, of $8.5 million. The Company recorded net income of $2.0 million, or $0.07 per share during the quarter and confirmed its previously announced preliminary 2026 third quarter production of 2,139 gold ounces. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and substantial dividend yield.
Third Quarter 2026 Financial Results and Highlights * 2,139 gold ounces produced * Net income of $2.0 million, or $0.07 per share * $10.3 million net sales * $8.5 million cash balance at September 30, 2026 * $27.3 million working capital at September 30, 2026 * $5.2 million mine gross profit * $3.9 million exploration expenditures * $1,682 total cash cost after by-product credits per gold ounce sold for the Isabella Pearl Mine * $2,882 per ounce total all-in sustaining cost for the Isabella Pearl Mine * $1,930 total cash cost after by-product credits per gold ounce sold for the County Line Mine * $1,985 per ounce total all-in sustaining cost for the County Line Mine * $0.9 million dividends paid * 611 ounces of gold rounds/bullion held at September 30, 2026 * The calculation of our cash cost and all-in sustaining cost per ounce contained in this press release is a non-GAAP financial measure. Please see "Management's Discussion and Analysis and Results of Operations" contained in the Company's recently filed Form 10-K for a complete discussion and reconciliation of the non-GAAP measures.
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