Fortitude Gold Corp (FTCO)

[norweger1979]

FORTITUDE GOLD INCREASES MONTHLY DIVIDEND FIFTY PERCENT
Colorado Springs, Colorado – May 4, 2021 – Fortitude Gold Corp. (OTCQB: FTCO) (the “Company”) today announced it has increased its monthly dividend 50% to $0.03 per common share, or $0.36 annually. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.

The $0.03 per common share monthly dividend for May 2021 is payable on May 28, 2021 to shareholders of record as of May 17, 2021.

“We believe that earnings are opinion, cash is fact,” stated Fortitude Gold’s CEO and President, Mr. Jason Reid. “The Board of Directors is pleased to reward shareholders with a fifty percent cash dividend increase, which reflects our ability and confidence to generate significant free cash from our high-grade Isabella Pearl gold mine. The Company is delivering on strong operational performance, strong production numbers and an increasingly strong financial and cash position. This has allowed us to invest in the Company and reward shareholders with both a solid exploration budget targeting additional deposit discovery and mine life coupled with returning significant monthly cash dividends. Fortitude Gold is poised to not only reward current shareholders with a thirty-six cent per share annual dividend but is likely to attract new shareholders who seek dividends and yield. Our objective is to transcend valuations based solely as an equity investment and garner a market premium dividend yield valuation.”