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Fortitude produces 9,684 ounces of gold in Q2, maintains its 2023 guidance

Kitco Media
By Vladimir Basov
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(Kitco News) - Fortitude Gold (OTCQB: FTCO) today reported preliminary production of 9,684 gold ounces in Q2 2023, down 12% compared to 10,980 ounces produced in Q2 2022. 

In a press release, Fortitude said that during the second quarter, the company processed gold ore sourced from the Isabella Pearl’s high-grade Pearl zone blended with lower grade stockpiles.

The company’s gold production for the first half of 2023 totaled 21,171 ounces (H1 2022: 20,855 ounces).

Importantly, Fortitude said it maintains its 2023 annual production outlook targeting 40,000 ounces of gold (a range of 36,000 to 40,000 ounces).

Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A. The company’s Nevada mining unit consists of five gold properties located in the Walker Lane mineral belt and a sixth gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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