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Fortitude Gold Corp. (FTCO) Risk Analysis
Risk Overview Q4, 2025
Source: the company's latest filing for the period ended Dec 31, 2025, filed Mar 03, 2026
Risk Change Over Time
- Share Price & Shareholder Rights - Risk 1We may issue shares of preferred stock that may not be beneficial to the owners of our common stock.
Our Articles of Incorporation currently authorize the issuance of 20,000,000 shares of preferred stock. Our board of directors has the power to issue these shares without shareholder approval, and such shares can be issued with such rights, preferences, and limitations as may be determined by our board of directors. The rights of the holders of common stock will be subject to, and may be adversely affected by, the rights of any holders of preferred stock that may be issued in the future. As of March 2, 2026, there was no preferred stock outstanding. Although we presently have no commitments or agreements to issue any shares of preferred stock, authorized and unissued preferred stock could delay, discourage, hinder or preclude an unsolicited acquisition of our Company, could make it less likely that shareholders receive a premium for their shares as a result of any such attempt, and could adversely affect the market prices of, and the voting and other rights, of the holders of our shares of common stock.
Risk Highlights Q4, 2025
Risk Word Cloud
Risk Factors Full Breakdown - Total Risks 36
- Share Price & Shareholder Rights - Risk 1AddedWe may issue shares of preferred stock that may not be beneficial to the owners of our common stock.
Our Articles of Incorporation currently authorize the issuance of 20,000,000 shares of preferred stock. Our board of directors has the power to issue these shares without shareholder approval, and such shares can be issued with such rights, preferences, and limitations as may be determined by our board of directors. The rights of the holders of common stock will be subject to, and may be adversely affected by, the rights of any holders of preferred stock that may be issued in the future. As of March 2, 2026, there was no preferred stock outstanding. Although we presently have no commitments or agreements to issue any shares of preferred stock, authorized and unissued preferred stock could delay, discourage, hinder or preclude an unsolicited acquisition of our Company, could make it less likely that shareholders receive a premium for their shares as a result of any such attempt, and could adversely affect the market prices of, and the voting and other rights, of the holders of our shares of common stock.
- Share Price & Shareholder Rights - Risk 2Our stock price may be volatile and as a result you could lose part or all of your investment.
In addition to other risk factors identified and due to volatility associated with equity securities in general, our stock prices could decline due to the impact of numerous factors, including: - Changes in the worldwide price for gold and/or silver;- The permit backlog's impact on mining and mine development caused by the Biden/Harris administration;- Government freezes on issuing resource permits;- Political and regulatory risk;- Untimely permit issuances;- Adverse results from our exploration, development, or production efforts;- Producing at rates lower than those targeted;- Weather conditions, including earthquakes or unusually heavy rains;- Failure to meet our revenue or profit goals or operating budget;- Decline in demand for our common stock;- Downward revisions in securities analysts' estimates or changes in general market conditions;- Decrease or elimination of our shareholder dividend;- Technological innovations by competitors or in competing technologies;- Investor perception of our industry or our prospects;- Lawsuits;- Actions by government or central banks; and - General economic trends. Stock markets in general have experienced extreme price and volume fluctuations and the market prices of individual securities have been highly volatile. These fluctuations are often unrelated to operating performance and may adversely affect the market price of our common stock. As a result, you may be unable to sell your shares at a desired price.
- Share Price & Shareholder Rights - Risk 3Issuances of our stock in the future could dilute existing shareholders and adversely affect the market price of our common stock.
Our Directors have the authority to issue up to 200,000,000 shares of common stock, 20,000,000 shares of preferred stock, and to issue options and warrants to purchase shares of our common stock without shareholder approval. As of March 2, 2026, there were 26,895,415 outstanding shares of common stock, 160,000 options issued and outstanding, no outstanding shares of preferred stock and no outstanding warrants. Future issuances of our securities could be at prices substantially below the price paid for our common stock by our current shareholders. The issuance of a significant amount of our common stock may have a disproportionately large impact on our share price compared to larger companies.
- Share Price & Shareholder Rights - Risk 4Awards of our shares and stock options to employees may not have their intended effect.
A portion of our total compensation program for our executive officers and key personnel includes the award of shares and options to buy shares of our common stock. If the price of our common stock performs poorly, such performance may adversely affect our ability to retain or attract critical personnel. In addition, any changes made to our stock option policies or to any other of our compensation practices which are made necessary by governmental regulations or competitive pressures could affect our ability to retain and motivate existing personnel and recruit new personnel.
- Share Price & Shareholder Rights - Risk 5Our Shareholder Rights Agreement may not be in the best interest of our shareholders.
On October 15, 2020, we adopted a Shareholders Rights Agreement, commonly called a "Poison Pill", and declared a dividend of one Series A Right and one Series B Right, or collectively the Rights, for each share of our common stock which was outstanding on October 15, 2020. The Rights have certain anti-takeover effects and will cause substantial dilution to a person or group that attempts to acquire us on terms not approved by our Board of Directors. The effect of the Rights may be to discourage a third party from attempting to obtain a substantial position in our common stock or seeking to obtain control of us. To the extent any potential acquisition is deterred by the Rights, the Rights may make the removal of management difficult even if the removal would be considered beneficial to our shareholders generally and may have the effect of limiting shareholder participation in certain transactions such as mergers or tender offers if these transactions are not favored by our management.
- Share Price & Shareholder Rights - Risk 6You may have difficulty depositing your shares with a broker or selling shares of our common stock.
Many securities brokers will not accept securities for deposits and will not sell securities which trade in the over-the-counter market. Further, for a securities broker which will accept deposit and agree to sell such securities in the over-the-counter market under certain circumstances, such broker may first require the customer to complete a questionnaire detailing how the customer acquired the shares, provide the securities broker with an opinion of an attorney concerning the ability of the shares to be sold in the public market, and pay a "legal review" fee which in some cases can exceed $1,000. For these reasons, shareholders may have difficulty selling shares of our common stock.
See a full breakdown of risk according to category and subcategory. The list starts with the category with the most risk. Click on subcategories to read relevant extracts from the most recent report.