Fortitude Gold FTCO · USD

We are a mining company which pursues gold and silver projects that are expected to have both low operating costs and high returns on capital. We are presently focused on mineral production from our Isabella Pearl Mine in Nevada. The ore mined at Isabella Pearl is processed on site at our processing facilities and sold to a refiner as doré, which contains precious metals of gold and silver. We also continue exploration and evaluation work on our portfolio of other precious metal properties in Nevada and continue to evaluate other properties for possible acquisition.

We own 100% of seven properties in Nevada, totaling 2,491 claims, which include 2,385 unpatented lode and placer mineral claims, 95 mill site claims, 11 patented claims (10 owned and 1 leased), and ~80 acres of fee lands. The seven properties cover approximately 44,408 acres (17,971 ha), subject to the paramount title of the United States of America, under the administration of the Bureau of Land Management (“BLM”). Under the Mining Law of 1872, which governs the location of unpatented claims on federal lands, the owner (locator) has the right to explore, develop, and mine minerals on unpatented claims without payments of production royalties to the U.S. government, subject to the surface management regulations of the BLM. Currently, annual claim maintenance fees are the only federal payments related to unpatented claims. In 2025, we paid approximately $725,000 in annual claim maintenance fees to various counties and the BLM.

Quoted from its 10-K, filed 3 Mar 2026. Read the filing on SEC.gov ↗