With increasing interest in gold miners and indeed the gold price, the time is ripe for Jason Reid, CEO of Fortitude Gold, to join us on the podcast. We have been keeping tabs on Fortitude Gold [OTC:FTCO] ever since it was hived off into a separate, OTC-quoted company from another miner, Gold Resource Corp [NYSE:GORO].
Fortitude Gold is an interesting prospect, in that it has zero long term debt and an already producing gold mine in the form of its Isabella Pearl prospect. However, the company is also in the process of active exploration on its existing properties in Nevada for further resources. It also has the advantage of having existing processing infrastructure on site, serving Isabella Pearl, with the capacity to support new mining operations as they come online.
This is our first opportunity to give listeners some flavour on the company straight from the CEO himself. Jason was previously CEO of Gold Resource Corp and joined that company in 2006. He took it from an exploration stage business all the way through to become a gold and silver dividend paying metal producer. Gold Resource Corp achieved a decade of production under his tenure, and generated over a billion dollars in revenue, 10 consecutive years of profitability, and US$ 115m in dividends to shareholders.
Jason also co-created and initiated the first cash to physical gold and silver dividend payment program, which allowed shareholders to take delivery of dividends in precious metals.