Make Kitco Your Homepage

Fortitude Gold says on track to meet 2021 production target

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Fortitude Gold (OTCQB: FTCO) reported today preliminary production of 11,536 gold ounces in Q1 2021 from the company’s Isabella Pearl mine in Nevada, U.S.A.

The company said it has mined and processed ore from both the Isabella and Pearl zones during the quarter. The Isabella Pearl deposit’s average proven and probable gold grade at December 31, 2020 was estimated at 3.88 grams per tonne gold.

The company added it maintains its 2021 production outlook targeting 40,000 ounces of gold (a range of 36,000 to 40,000 ounces). The production outlook assumes no disruptions from the COVID-19 global pandemic or unforeseen operational challenges. 

Fortitude Gold is a U.S. based gold producer. The company’s Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt, with the Isabella Pearl gold mine in current production. Nevada, U.S.A. is among the world’s premier mining friendly jurisdictions.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.