Fortitude Gold Corp (FTCO)

[KansasCrude]

We have a number of options for new mines already identified and the processing as you know is in place. We are sourcing from multiple locations already. Have you checked the cash on hand lately? Our great staff has found additional resources and the challenge is to increase processing capabilities. Yes we have used up some of the low hanging fruit but we continue to find new options for increasing production with low cost pits. We truly have an incredible portfolio of PM resources to manage.

We are still producing the top open pits in the country. How much cash do we need to have in the bank? At this point I am more worried about the Feds raising our taxes and taking higher amounts of our income than running out of gold at FTCO. How are you discounting that probability ?. The Biden DIMS are already pushing for higher taxes and I expect that to get uglier as the overspending reaches new levels of helping themselves to more and more of our income.... How comfortable are you on that front of more corporate taxes and more personal taxes. My state KS has already increased their pounds of flesh. I would be interested on how FTCO might plan to manage that risk given the cash position they are hoarding. I honestly think it's naive to not discount the probability that we are going to see more taxes on both corps and individuals.

[jsc52033]

I'm with Mr BOBO we should use cash to locate and open a new mine and get onto a better exchane.
IMO the PM's will be at or near new highs by year end. To many propblems economicly world wide.
Goods and services are falling. US $$ is going to be taost especially if BRICA allows others to join and they back currency with gold.

[KansasCrude]

You are correct the share count is not an issue as its relatively small. What share buy backs tell me as a shareholder is that the company endorses the fact that the stock price is undervalued especially as you point out the share count is quite conservative. Why sit there with lots of cash in the bank earning a money market rate when investing in your own undervalued shares via buy back removes the divvie payout for those shares? The other caveat would be you are getting ready to make another killer acquisition so it that's the case....never mind

That aside makes me question where the Heck Jason is getting his advice from????. Did you see the effing clown show he had going on the website....a boat load of fools pimping the stock!!. Was that from a marketing class from the local High School?
As a retired commodities Portfolio V.P. for a Multi Billion dollar Corporation I can' t understand their strategy relative to their loyal shareholders. Back to the start we loyal shareholders are at best just below breakeven based on current stock price including all divvies . Why should you continue to throw us under the bus with negative returns??? At this point I am hoping you get some gumption or you get a great opportunity to be a playground monitor at your local grade school. As my ability to perceive the strategy of enhancing shareholder value remains a mystery of massive proportion. PLEASE make a fool of me with the bigger picture.!!!!! As I just don't get it! Meaning why are we still eating negative returns on the stock price with near $2000 gold prices?

[Mr Bobo]

Kansas Crude, I respectfully diagree with one of your points.
A buy back to reduce share count is not necessary with only 24 milion shares outstanding. That is only a share price bandaid. Good for what a dollar or two? I am looking at this to be a $20 stock in next year or two. Gold mining is VERY expensive and I would rather spend capital on opening
new mines and moving to the NYSE. I can live with GREAT monthly dividend until then.

[jsc52033]

I too have Schwab, but I have reached my max number of shares I hold in any one company. So am using this DIV to build up 3 other holdings.
Like you I am now under water in GORO which is also is at my max size. I think they will turn around and be able to do a div again especilly if POG gets over 2,000
I do wish FTCO would get onto a better exchange the SP would be higher IMO.

[KansasCrude]

Yes I am familiar with the drip program. I am a Schwab customer and they don't make the Drips part of their package relative to FTCO. Their commission is low enough and my position in FTCO is significant enough that reinvesting is not a big deal relative to re-investing divvies.. I have re-invested almost all of my divvies here so far. My issues are even with the re-investment my gain on FTCO is nada relative to the IPO from GORO along with all the divvies being reinvested along with additional capital is ZERO
For whatever reasons even with all the assets rolled into FTCO the gain is NADA.. That includes all the cash they have added as part of profits from selling the gold and silver. We shareholders have received no net profits for our investment. Meanwhile we do have to pay taxes on the divvies. So up to this point we are paying income taxes (divvies) on no net gain on our investment.. My point is perhaps its time to deploy the massive amount of cash to reward shareholders or shrink the share count by buying back shares (my preference) that we can hopefully get some capital gains due to a higher stock price.. Based on the great job they are doing in producing as well as the excellent cost per oz. produced. Last I checked they have the best mine in the country based on Open Pit Grades. If they buy back shares then we have the option of divvie increases due to fewer shares and or a better a P/E that grows the stock price. I'm at retirement age I appreciate the income but capital gains are of more value as I still have some previously held shares that I have capital losses from (GORO). So while divvies are great gains are also appreciated. Again Congrats to the Mgmt Team. for very good results. Please keep it up!

[Gliderider]

I've said it before, this won't go anywhere while we have this heavy overhang slowly dribbling out. It might be a good idea for Fortitude to use some of that extra cash and work a deal with the holder or holders to buy back. OTC still shows 4% institutional ownership.

[Brokemillwright]

I guess your not aware of DRIPS. dividend reinvestment plans, no tax til you sell. Also, want to be your own gold and silver bank, look up battle bank. I put 50k in revolving 1 month Treasury bill account and getting $200 a month risk free profit (around 5%). Look at the great financial crisis or COVID crash, market dumps, so do metals briefly. I'll assume miners will dump as well so I'm mostly just waiting, and and holding sqqq

[KansasCrude]

When will Fortitude make us some freaking $$$$? Well when? I doubt I am the only one that looks at the miserable performance of FTCO stock price. I was noodling around a bit the price of the stock and probably am not the only one that has connected the dots on the stock price and all dividends paid to date. If you add all the divvies paid by Fortitude since the spinoff to the current stock price guess what.....we haven't made a freaking dime on our investment. In fact if you factor in the price plus the taxes on the divvie we are LOOSERS. How great is it to have to pay taxes on a stock you have not made any money on..... Welcome to Fortitude. Not to say their efforts have not yielded decent production results just that the results have not made us the SHAREHOLDERS any $$ after the taxes due are factored in. We want to MAKE MONEY.
I think we are past the time where we should be net negative on our investments. How about we buyback our shares at these prices with some of our profits? At this time all the divvie cash is not doing us shareholders any good at all unless it gets reinvested and at present that's not available without commissions. Maybe even better we hold onto the AU and stockpile that instead of selling it.. Anybody out there think AU is going to go down with all the $$$$ being printed by just about every. Lets be our own GOLD/SILVER BANK. Keep the production. If you want cash then YOU or I liquidate shares. What we have now is not working to honestly value of the shares. If we continue to hold the gold we have more options on how to redeem our shares. MGMT needs to think outside the box as this current effort is a fail.....

Good podcast on GOLD and Society to listen too. All the Best to those in FTCO and those working hard to optimize our investments.

[Oleblue]

Fortitude Gold Announces Second Quarter Conference Call

FTCO
-0.39%
Fortitude Gold Corporation
Mon, July 31, 2023 at 9:00 AM EDT·3 min read

COLORADO SPRINGS, CO / ACCESSWIRE / July 31, 2023 / Fortitude Gold (OTCQB:FTCO) (the "Company") today announced the timing of its second quarter 2023 earnings conference call scheduled for Wednesday, August 2, 2023. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

Conference Call

Fortitude Gold's CEO, Mr. Jason Reid, will host the conference call Wednesday, August 2, 2023 at 11:00 a.m. Eastern Time. Topics of discussion will include second quarter results and an update on current operations. The conference call will be recorded and posted to the Company's website.

Q&A

Following Mr. Reid's opening remarks, the Company will host a question and answer (Q&A) session.

Date: Wednesday, August 2, 2023

Time: 11:00 AM Eastern (9:00 AM Mountain)

There are two ways to join the conference call:

To join the conference via webcast, please click on the following link: https://www.webcaster4.com/Webcast/Page/2640/48787.

To join the call via telephone please use one of the following dial-in details:

Toll Free: 888-506-0062

International: 973-528-0011

Participant Access Code: 184849

Please connect to the conference call 10 minutes prior to the start time using one of the connection options listed above.

About Fortitude Gold Corp.:

Fortitude Gold is a U.S. based gold producer targeting projects with low operating costs, high margins, and strong returns on capital. The Company's strategy is to grow organically, remain debt-free and distribute substantial dividends. The Company's Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt and a sixth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production. Nevada, U.S.A. is among the world's premier mining friendly jurisdictions.

[Oleblue]

Fortitude Gold Drills 10.67 Meters Grading 5.39 G/T Gold At County Line, Prepares East Camp North Drill Program With Rock Chip Samples up to 36.6 G/T Gold
Drill Results Gold Nevada
Mr. Jason Reid reports:

COLORADO SPRINGS, CO / ACCESSWIRE / July 24, 2023 / Fortitude Gold (OTCQB:FTCO) (the "Company") announced drill results from its County Line gold project located in Mineral and Nye Counties, Nevada. Intercepts include 10.67 meters grading 5.39 grams per tonne gold (g/t), and 7.62 meters grading 2.24 g/t gold. The Company also released rock chip sample results from the north side of its East Camp Douglas property with assays up to 36.6 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2972-otcmkts/ftco/145340-fortitude-gold-drills-10-67-meters-grading-5-39-g-t-gold-at-county-line-prepares-east-camp-north-drill-program-with-rock-chip-samples-up-to-36-6-g-t-gold.html?utm_source=newsletter_1672&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y

Nice dividend 7.5%....buy on dips.

[Brokemillwright]

If they were screaming that, than clearly it was a double top like I said it looked like lol. So what was it, a bullish pennant or screaming g short? Can't answer both ways lol

[Lowjack]

Was a pennant, failed 12 trading days after my post due to FED manipulating the market by buying seriously underwater MTM US bonds from banks that were about to fail. USD down 200bp and gold going the same direction is not normal.

Right shoulder!


Trading at ~3x cash. I fully intend to mine and process that massive sulfide deposit.
https://schrts.co/VgWtZjYN

Argonaut first pour! $2-3

[Lowjack]

Charts were screaming to take profit of your short position. This should have taken out weak hand stop losses. Under bottom BB means add to core long on this dip. Make mental note that some people(big funds) will be liquidated and could affect price in the last 30 min of daily trading in all markets.

Copper $3.8~ trade.

[Brokemillwright]

Nice to see I'm slowly learning charts

[jsc52033]

thanks yes I am that one also.

[Lowjack]

I prefer to not work under the table!
https://www.businesswire.com/news/home/20230614412965/en/

[jsc52033]

yes that was nice
I do wish this would get off the otc

[fivexshot]

You (we) also received a special dividend in May.

[jsc52033]

thanks looks like they will have a long time getting profitable can't figure out why Yahoo has a projected price of $1.40 on FURY

At my age FTCO is a much better play

[Lowjack]

Breakout with pennant!


Best jr in the space!

[Lowjack]

Fury gold and Magna gold were in a similar situation earlier. Read through those filings and you'll be able to pick out a pattern of similarities that leads to this situation.

[Brokemillwright]

I know your fond of this stock, but doesn't it look like ots breaking down from a double top on the 3 month ihub renko chart?

[jsc52033]

thanks I have been in since the sspin off. It toook me a while to figure out what it really had. SHould have been adding the day of the spin off but still have substancail gain just could have had way more shares.

Looks like aumn is going to be toast.Can it actually survive and who will be the ones buying new issued shares they need to sell after the RS. There seem to be risk taking groups but with the economy going into the tank I don't know.They do have some nice holdings maybe a merger.

[Lowjack]

Yup! $$$$

https://www.fortitudegold.com/_resources/news/nr-20230504.pdf
https://www.fortitudegold.com/_resources/news/NR-20230508c.pdf

[jsc52033]

I just received a div today but I thought the Div was due on the 31sst are there 2 this month?

[fivexshot]

$FTCO is the best dayum gold play in the entire stock market. I'm gonna get a tattoo of the ticker symbol on my azz cheeks: (FT)(CO) because it's making me very VERY wealthy with the monthly dividends & "special dividend".

[Lowjack]

See what Bill has to say on these assets that could be coming up for auction.
https://ih.advfn.com/stock-market/AMEX/golden-minerals-AUMN/stock-news/91013796/quarterly-report-10-q

It's in the folding krayton section so if anything is there it will be deep and buried

[Lowjack]

Just looking for the best solution for both assets, whatever form that takes. Spending the money to invest in processing that material should be up closer to the larger mines to take overflow and eventually some of their production and get the full life out of the asset.

Crushers and roasters can be relocated after if need be.
Possible addition of rail might lessen haul cost.

[8thaero]

Mangino has been sucking up all ARGONAUT can put togeather and Florida Canyon is a distant 2nd. drag on their market price. Be a poor buy out for FTCO my opinion. with road hauls plant process.

[8thaero]

Mangino has been sucking up all ARGONAUT can put togeather and Florida Canyon is a distant 2nd. drag on their market price. Be a poor buy out for FTCO my opinion. with road hauls plant process.

[Lowjack]

https://s22.q4cdn.com/115151820/files/doc_news/2023/03/03-30-23-Argonaut-Press-Release-Magino-and-Florida-Canyon-resource-update-FINAL3.pdf

[Lowjack]

Both mines have a sulfide ore problem coming. Argonaut probably will not be in a possition to fund a sulfide plant in the short term. Stick the two together and maybe build a plant at ripper centrally located in Nevada that can be accessed by road or rail. ~200 miles between the two mines.

I'm also in need of Copper, zinc smelting capacity that is not in China!

Yes I do own both FTCO and AR.CA <-New mine commercial production scheduled Q3. <--Market Cap should be in $B

[8thaero]

How do you connect old off/on FloridaCanyon Argonaut NW on I-80 to Walker lane FTCO all to well SW Reno. If own some fine but I'll take any new FTCO. F

[Lowjack]

Damit, I need to find a solution to this problem Jason.
"In addition, management will be focused on exploring the large sulfide resource at Florida Canyon" AR.CA ARNGF

Since this is a shared problem with handling sulfides for both companies, maybe if you work together you'll come up with a profitable solution.

[Oleblue]

Downtrend line has been broken.

[KansasCrude]

WHOOO HOOO! A day like we wanted to see! Some entity woke up and saw what we have seen a bundle full of golden goodies that Fortitude has laid claim to. In production and with grades seldom seen in a pit mine Glad we have been on board and like the goodies on our table. Happy to have been adding to the stack almost instant gratification after looking at the drill results that look almost to good to be true. Congrats to mgmt team for getting the assets in place for this take off. Bravo!

[KansasCrude]

No gruel for you!..... Pretty disappointing podcast yesterday in some ways. While things appear to be going quite well there were no increases in the divvie. No plans to buyback shares (my preference) Total return to shareholders at this point is $0 actually negative if you count taxes to be paid on the divvies to date. Price remains below the IPO price and if you add in all the divvies its $0 to negative based on the sell off today. With $45,000,000 in cash and no debt to speak of why no crumbs for shareholders? No plans as of yet for adding more claims to the portfolio. So why not give the shareholders an actual cash payment that put us in the black...or an increase in the divvie that realizes the progress made by mgmt. Something to celebrate...now if something is planned but not yet communicated ok. If not why not? The current divvie at around 7% is not bad but again that plus the current price has just got us back to $0 gain on our original IPO capital plus divvies to date. I am not advocating selling and moving on yet but I would appreciate some direction on what's to be done on the $1,000 plus an oz we are making on our production.

That said kudos still to mgmt. for finding these claims they sound better the longer they keep up with the exceptional drilling attack on the asset base and are finding grades and deposits that are exceptional. Nothing but praise for them in that arena. So how about you all sharing the formula for increasing the divvie, and perhaps changing exchanges NYSE or bust...? Personally I don't have to go there to be fulfilled.

[jsc52033]

thanks eom

[A Dinosaur]

Schwab, nor Fidelity, allow DRIPs on OTC stocks. TD Ameritrade does. I think that was a sales feature with Scottrade and they kept it after the merger. TDA may be the only brokerage to offer that service. I think they just buy shares in the open market and pro-rate into individual accounts.

Dino

[jsc52033]

thanks eom

[KansasCrude]

It maybe the exchange? I do other drips with Schwab too so am guessing its the exchange at this point will see what I can find out

[jsc52033]

Please let me know if you get Schwab to allow this to do the drip. I have one they do so it must not be Schwab.

[KansasCrude]

THESE ARE FANTASTIC GRADES.....MORE evidence this is a stellar trend we are working on....more to come. We are number one for grades in the U.S. heap leach operations.

FORTITUDE GOLD INTERCEPTS HIGH-GRADE INCLUDING 21.34 METERS GRADING 7.21 G/T GOLD BELOW ISABELLA PEARL PIT
Colorado Springs, Colorado – February 8, 2023 – Fortitude Gold Corp. (OTCQB: FTCO) (the “Company”) announced multiple high-grade gold drill intercepts below the Isabella Pearl open pit. Oxide intercepts include 3.05 meters grading 15.15 grams per tonne gold (g/t) within 21.34 meters grading 7.21 g/t gold, and 18.29 meters grading 3.72 g/t gold. Non-oxide intercepts include 6.10 meters grading 12.17 g/t gold within 41.15 meters grading 6.25 g/t gold. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. offering investors exposure to both gold production and dividend yield.

Isabella Pearl drill highlights include (m=meters, g/t=grams per tonne, “oxide”=heap leachable, “non-oxide”=non-heap leachable) (full drill table below):

Reverse Circulation holes drilled into Isabella Pearl open pit:

[KansasCrude]

New drill results are looking mighty tasty.

https://www.fortitudegold.com/news/fortitude-gold-intercepts-high-grade-including-2134-meters-grading-721-gt-gold-below-isabella-pearl-pit

[8thaero]

Done nothing changed nothing last 15. If DRIP elegible is on autopilot. Weird is the 2 cent checks for unconverted part shares both GORO, FTCO.Like Annie get ur gun. "I sign my checks with exes but they cash em jus da same".

[KansasCrude]

You probably get special treatment 8 cause nobody wants to mess with your badass! I hate to transfer accounts as Schwab office is close but will check out TD. May also contact Greg to see if they have any pull on that front with Schwab.

[jsc52033]

I just placed an order for cmcl and schwab won't allow a drip on it

[A Dinosaur]

Fidelity won't allow a DRIP on BB/OTC stocks, either.

Dino

[jsc52033]

Schwab says I can't every time I try to add that.