$FTCO Q2 '26 Earnings Results & Recap
Fortitude Gold Corporation reported second quarter 2026 net sales of $8.2 million and net income of $0.6 million, with 2,133 gold ounces produced, representing a 210% increase from the first quarter.
$FTCO 10-Q looks good. Technically reporting a loss, but that's largely due to the exploration expenses going into East Camp Douglas, which are funded as part of the joint venture. Significant leach pad inventory growth shows we should be seeing a further acceleration of revenue in Q3 and Q4.
$FTCO We're starting to see meaningful production ramp now in the new mines and pearl deep. This could be an inflection point as production continues to grow and hopefully return to old levels. I wonder if they'll be able to project anything for Q3 at this point or if there's still too much uncertainty.
$FTCO Fortitude sold twice as much gold in Q2 as in Q1. Complete financial picture when they release the full Q2 report.
https://www.stocktitan.net/news/FTCO/fortitude-gold-reports-second-quarter-2026-preliminary-gold-axbmuxnvv9ox.html
$FTCO There's good dilution and there's bad dilution. Diluting a little bit at a reasonable market price, with no placement fees, in order to expand production potential at a time when gold prices are very high is good dilution IMO. I like the move.
$FTCO Q1 '26 Earnings Results & Recap
Fortitude Gold expects to complete the County Line main pit waste rock layback by end of 2026, gaining access to approximately 40,000 ounces of high-grade gold mineralization for 2027 and 2028 production.
