Fortitude Gold increases Q1 net income on higher production; costs down gold Fortitude
- Fortitude Gold said yesterday that the company produced 11,487 ounces of gold in Q1 2023 , adding it maintains its 2023 production outlook of 36,000 to 40,000 ounces.
Importantly, the company said it recorded net income of $6.4 million, or $0.26 per share in Q1 2023 and increased its cash and cash equivalents at quarter end by $7.2 million to $52.3 million.
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