"It is very exciting to see a critical mass building at Scarlet with continued wide and high-grade gold drill intercepts," stated Mr. Jason Reid, CEO and President of Fortitude Gold.
As the price of Gold and stock prices change, valuations fluctuate, but you can understand the point: the gold stocks are trading at near-record low valuations.
CEO Reid: "27.43 meters, or 90 feet, of 1.49 grams per tonne gold starting at surface speaks to the exciting potential of our East Camp Douglas property."
Fortuna produced a record 326,638 ounces of gold and 5,883,691 ounces of silver or a record 452,389 gold equivalent ounces, including lead and zinc by-products.
Q3 Fiscal 2024 Operational Results include gold production of 1,342 ounces, an increase of 22% over Q3 Fiscal 2023; Silver and gold production of approximately 1.8 million ounces.
This represents a reduction of approximately $50 million in total net debt in the period, reflecting cash flow contributions from the Séguéla Mine in its second full quarter of production.
Fortitude Gold Corp. declares its monthly dividend of $0.04 per common share payable on January 31, 2024 to shareholders of record as of January 19, 2024.
