Fortitude Gold Corp
fortitudegold.comFortitude Gold Corp (NYSE American: FTCO) is a gold mining company that extracts and sells gold, with silver as a by-product, from operations in Nevada. Revenue comes entirely from spot-price sales of gold and silver, making financial results directly tied to prevailing metals prices. The company operates the Isabella Pearl Mine as its primary producing asset, with the County Line and Golden Mile properties at earlier stages of development. FTCO is incorporated in Colorado and filed its 10-K on 2026-03-03 covering fiscal year ended December 31, 2025. The business is capital-intensive, requires ongoing equipment investment, and had $10.9 million accrued for reclamation costs as of December 31, 2025. For FY2025, the company recorded net income of $0.4 million, compared to a net loss of $2.0 million in FY2024. Silver by-product credits totaled $1,271 thousand in FY2025 versus $1,695 thousand in FY2024, contributing $220 per gold ounce sold in FY2025 compared to $107 in FY2024.
Products & Services
Gold doré produced via open-pit heap leach mining at the Isabella Pearl Mine in Nevada. Silver sold as a by-product. The Golden Mile property uses a modular process plant to advance gold to the carbon stage, with carbon hauled to the ADR facility at Isabella Pearl for final doré production. County Line is a mineral resource property at a development stage as of December 31, 2025.
Revenue Model
Transactional sales of gold doré and silver at spot market prices. Gold is the primary revenue driver; silver is sold as a by-product and credited against costs. Revenue fluctuates directly with gold and silver market prices, which are outside the company's control.
Customers & Markets
End market is the global gold and silver commodity market. No specific customers or customer concentration data are disclosed in the filing excerpts.
Geographic Exposure
All operations are located in Nevada, United States, as of the FY2025 10-K filed 2026-03-03.
Financial Snapshot
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