Fortitude Gold Corp. ( (FTCO) ) has released its Q3 earnings. Here is a breakdown of the information Fortitude Gold Corp. presented to its investors.
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Fortitude Gold Corp. is a U.S.-based gold producer and explorer operating primarily in Nevada, known for its focus on low-cost, high-margin gold projects and commitment to remaining debt-free while providing dividends to its shareholders.
In its third quarter of 2025, Fortitude Gold reported net sales of $4.7 million and a net income of $0.2 million. The company produced 1,384 ounces of gold and paid $0.7 million in cash dividends to shareholders. The quarter also saw the company secure necessary permits for its County Line gold project, marking a significant step forward in its operational expansion.
Key financial metrics from the quarter included a mine gross profit of $2.5 million and a cash balance of $11.7 million as of September 30, 2025. The company reported a total cash cost of $1,244 per gold ounce sold and an all-in sustaining cost of $1,956 per ounce. The average realized gold price was notably high at $3,444 per ounce, reflecting favorable market conditions.
Fortitude Gold’s strategic focus on advancing its County Line project is underscored by recent regulatory approvals, positioning the company for future production growth. The management remains optimistic about leveraging the current pro-mining regulatory environment to enhance its operational footprint.
Looking ahead, Fortitude Gold aims to continue its growth trajectory by advancing its projects into production while maintaining its financial discipline and commitment to shareholder returns.