Fortitude Gold Q2 FY26 net income falls to $0.6 million; net sales rise to $8.2 million
FTCO•Exploration spending rises at East Camp Douglas
Exploration expenses jumped to $4.7 million from $1.3 million, driven by drilling and higher activity at East Camp Douglas under a new joint venture.
Gold production totaled 2,133 ounces, more than doubled from Q1; cash was $13.5 million with $35.4 million working capital at June 30, 2026.
Q2 results improve on higher sales and mine gross profit
Fortitude Gold posted Q2 net sales of $8.2 million, rising 67.35% from $4.9 million a year earlier.
Net income attributable to shareholders fell 25% to $0.6 million, with earnings of $0.02 per share.
Mine gross profit climbed to $5.4 million from $2.7 million, while mine cost of sales rose to $2.8 million from $2.2 million.
