Colorado-based miner Fortitude Gold said in July in its preliminary second quarter production results that it met 10,980 gold ounces during the period. The company said it will maintain its 2022 annual production outlook of 40,000 gold ounces (a range of 36,000 to 40,000 ounces).
Fortitude Gold, a gold producer, developer, and explorer with operations in Nevada, has been offering investors exposure via both gold production and dividend yield.
The preliminary second quarter production total was an increase of 11% over the prior quarter; gold production for the first half of 2022 totaled 20,855 ounces. Mine operations at the Isabella Pearl gold mine are now focused exclusively on the high-grade phase two Pearl zone.
The company’s Nevada Mining Unit consists of five high-grade gold properties located in the Walker Lane Mineral Belt and a sixth high-grade gold property in west central Nevada. The Isabella Pearl gold mine, located on the Isabella Pearl mineralized trend, is currently in production.