SLV - Fortitude Gold: Record Gold Price Balancing Permitting Limbo

2024-04-16 12:27:26 ET

Summary

• Fortitude Gold is awaiting permitting approval to reach higher grade ores at its Isabella Pearl mine and begin building its second operation.
• Management has confirmed its commitment to maintaining the monthly dividend, which currently yields 10%.
• We believe FTCO is undervalued, with the higher price of gold supporting a positive long-term earnings outlook.

Fortitude Gold Corp. ( FTCO ) stands out as a unique precious metals junior miner in the U.S. state of Nevada. Despite a market cap of just $120 million, the company has a record ten consecutive years of profitability, distributing a generous monthly dividend since 2021 that currently yields 10%. Fundamentals are supported by a solid balance sheet with zero debt....

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