Fortitude Gold Corporation (OTCQB: FTCO) reported its financial results for the three months ended September 30, 2026, in a news release dated November 10, 2026. The company recorded net sales of $10.3 million and achieved a net income of $2.0 million, or $0.07 per share, during the quarter.
Fortitude produced a total of 2,139 gold ounces during the third quarter of 2026. The company paid $0.9 million in cash dividends to shareholders and held a cash balance of $8.5 million as of September 30, 2026. Total working capital was reported at $27.3 million.
Operations at the Isabella Pearl Mine included the Scarlet South and Isabella Pearl Deep mineralization areas. The company noted it is nearing the bottom of the Pearl Deep mineralization and expects to conclude operations in this area in the coming months. Scarlet South operations are estimated to continue into the first half of 2027. At the County Line Mine, operations focused on the main pit layback and the East pit, with the main pit waste rock layback project estimated to conclude in 2027.
Regarding future projects, federal and state permitting efforts continued at the Golden Mile property, where a new mine is targeted for construction in 2027, dependent on permit timing. The company is also permitting an increase in exploration acreage at both the East Camp Douglas and Isabella Pearl properties.
