Fortitude Gold (FTCO) Corporate Presentation summary

Investment highlights and financial position

• 99% of revenue is derived from gold, with a focus on providing a monthly dividend yield of $0.12 per share annually and maintaining zero debt with $17M in cash as of June 30, 2025.

• The company operates in Nevada, a premier mining jurisdiction, with a low-cost, high-grade open pit heap leach operation and a unique strategy of distributing substantial dividends while remaining debt-free.

• Shares outstanding total 24.4M, with a market cap of $85M at $3.50/share and a dividend yield of approximately 3.3%.

Project pipeline and operational performance

• The Isabella Pearl mine has produced over 165,000 oz Au to date, with an estimated 43,000 recoverable ounces remaining on the heap leach pad as of 12/31/2024; mining is projected to conclude in mid-2026, followed by a 3-year residual leach.

• County Line and Golden Mile projects are in permitting and development phases, targeting mid-2026 and future production, respectively, with BLM approval and modular processing equipment in place.

• The company holds eight high-grade gold exploration properties in Nevada, all 100% owned, with synergistic mining unit strategies to leverage existing infrastructure and reduce capital expenditures.

Resource and reserve details

• County Line: Measured & Indicated resources of 37,400 oz @ 0.97 g/t Au, Inferred 12,200 oz @ 0.87 g/t Au; ore to be hauled to Isabella Pearl for processing, with expansion potential.

• Golden Mile: Indicated 2.16M tonnes @ 1.13 g/t (78,500 oz Au), Inferred 2.4M tonnes @ 1.10 g/t (84,500 oz Au); deposit remains open on strike and depth, with multiple open pit potential.

• Several other properties, including East Camp Douglas, Mina Gold, Dauntless, Intrepid, and Ripper, show high-grade surface and near-surface gold intercepts, supporting future exploration and development.