Despite fantastic fundamentals, major gold stocks remain seriously undervalued relative to their metal. Traders initially ignored gold’s remarkable breakout surge, but they are starting to pay attention, rekindling gold-stock outperformance.
Still-undervalued gold stocks will thrive, soaring in a massive mean reversion as gold’s powerful upleg grows. Investors need to diversify into gold stocks.
CEO Ganoza: "Our operations performed in line with expectations for the first quarter with 112,543 of gold equivalent production, $84.3 million in cash from operations before working capital changes and earnings per share of $0.09."
Fortitude Gold reports Q1 2024 results: $8.2 million net sales, $3.6 million in exploration expense, $2.9 million cash dividends to shareholders, $4.2 million mine gross profit, and a cash balance on March 31, 2024 of $41.9 million.
Fortitude Gold declares its monthly dividend of $0.04 per common share payable on May 31, 2024. CEO Jason Reid will host a conference call May 8 at 11:00 a.m. ET. about first quarter results and current operations.
