The major gold miners dominating GDX just reported their best quarter ever by far! Fast-rising record gold prices easily overpowered higher mining costs, fueling this sector’s richest-and-fattest implied unit profits in history.
SVP Weedon says, “At the Sunbird deposit, deep exploration drilling testing the southern extent has continued to return excellent results, including 4.3 g/t Au over a true width of 23.1 meters from 733 meters in drill hole..."
Consolidated Inferred Mineral Resources are reported containing 2.2 M gold equivalent ounces (GEOs) representing a year-over-year increase of 29 percent.
Gold equivalent production of 116,358 ounces in Q4; record gold equivalent production of 455,958 ounces 3 in 2024, meeting the low end of annual guidance.
CEO Reid: "2024 was another successful year of low-cost gold production, solid financial results, significant exploration investment, and strong shareholder cash dividends totaling $11.6 million dollars..."
CEO Ganoza: “It is with a heavy heart that I address this tragic accident. Our deepest sympathies are with the family, friends, and colleagues of the deceased.”
Fortitude Gold's CEO, Mr. Jason Reid, will host the conference call Wednesday, February 26, 2025 at 11:00 a.m. Eastern Time. Topics of discussion will include 2024 year-end results and an update on current operations.
