Fortitude produces record gold ounces in Nevada in Q2, improves outlook
(Kitco News) - Fortitude Gold (OTCQB: FTCO) today announced record preliminary second quarter production of 14,579 gold ounces at the Isabella Pearl gold mine in Nevada, USA.
The company said that preliminary second quarter production totaled 14,579 gold ounces, an increase of 26% over the prior quarter. During the quarter, the company regularly accessed higher grade portions of the Pearl zone, while also continuing to mine the lower grade Isabella zone.
Due to strong grades and operational performance during the first half of 2021, the company said it increases its 2021 production outlook range to 40,000 to 45,000 gold ounces, compared to the original 2021 range of 36,000 to 40,000 gold ounces. This represents a 12.5% increase to the upper production range.
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.