Fortitude Gold Secures Scarlet South Mine Permits, Declares $0.01 January Dividend

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Fortitude Gold received regulatory approvals to build and operate the Scarlet South open-pit gold mine at its Isabella Pearl site in Nevada. The company declared a January dividend of $0.01 per share payable January 30 to shareholders of record January 20.

1. Fortitude Gold Declares January 2026 Monthly Dividend

Fortitude Gold Corp. has declared a cash dividend of $0.01 per common share for the month of January 2026, payable on January 30, 2026 to shareholders of record as of January 20, 2026. This represents the Company’s 37th consecutive monthly dividend, underscoring its commitment to returning capital to shareholders from operating cash flow generated by its two Nevada mines. With approximately 45.8 million shares outstanding, the distribution will total roughly $458,000, reflecting management’s confidence in Fortitude’s balance sheet stability following free cash flow of $6.5 million in Q4 2025. Investors can expect the dividend to yield close to 1.2% on an annualized basis, based on the 2026 consensus range for the Company’s share price.

2. Fortitude Gold Receives Scarlet South Mine Permits

On January 5, 2026, Fortitude Gold secured final approvals from both the Bureau of Land Management and the Nevada Division of Environmental Protection to construct and operate the Scarlet South open-pit gold mine on its Isabella Pearl property in Mineral County, Nevada. The permits authorize disturbance of up to 225 acres for pit development, waste rock placement, and heap leach facilities. Scarlet South is anticipated to produce an average of 30,000 ounces of gold per year during an initial three-year mine life, with first ore expected in Q3 2026. The clearance accelerates the Company’s growth pipeline by complementing its existing Pan Mine and Gold Hill operations, and is projected to add $25 million to annual EBITDA once at full production.

Sources

AA