"Gold production fell 68% year-over-year, from 16,472 ounces in 2024 to 5,236 ounces in 2025. Full-year revenue came in at $18.4 million versus $37.3 million in 2024."
"CEO Jason Reid attributed the collapse directly to federal permitting gridlock: 'The Biden hangover for most of 2025 proved to be the most challenging year in the Company's history.'"
"The company responded with aggressive cost preservation: 'These actions included a 75% reduction in our dividend, suspension of our drill program.'"
Gold prices surpassed $2,000 in January 2026, prompting Goldman Sachs to raise its price target to $2,500 due to increased central bank buying. Fortitude Gold Corporation, focused on Nevada gold mines, offers leveraged exposure to gold prices but faces operational risks. In 2025, gold production dropped 68% year-over-year, leading to a significant revenue decline. CEO Jason Reid cited federal permitting issues as a major challenge, prompting cost-cutting measures, including a dividend reduction and suspension of drilling programs.
Read at 24/7 Wall St.
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