Earnings Releases·Nov 10, 2026, 4:34 PM ET

Fortitude Gold — Third Quarter 2026 Earnings Summary

Net sales surged 119% year-over-year to $10.3 million in Q3 2026, driving net income to $2.0 million ($0.07/share) from $0.2 million ($0.01/share) in Q3 2025, while nine-month net sales rose 35% to $21.7 million despite a 61% decline in nine-month net income to $0.9 million.
County Line Mine commenced production in Q3 2026 with 1,216 ounces sold compared to zero in the prior year, bringing total Q3 production to 2,139 ounces, while Isabella Pearl sales declined to 1,221 ounces from 1,376 ounces.
The company remains debt-free with a cash balance of $8.5 million as of September 30, 2026, having paid $0.9 million in dividends during the quarter and raised $17.2 million through stock issuance over the nine-month period.
Strategic outlook targets the construction of the Golden Mile mine and a major drill campaign at East Camp Douglas in 2027, pending permit timing, while Isabella Pearl Deep operations are expected to conclude soon and Scarlet South operations to extend into H1 2027.