Flagship Isabella Pearl mine reached first gold production in April of 2019 just over 10 months from project groundbreaking.
Fortitude Gold is a U.S.-based gold producer targeting projects with low operating costs, strong returns on capital and high margins. Their strategy is to grow organically, remain debt-free and distribute substantial dividends. Their Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt. Nevada, U.S.A. is among the world’s premier mining-friendly jurisdictions.
The company recently reported their end-of-year, 2021 record gold production of $17.9 million net income or $0.75 per share and $40 million cash.
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