Fortitude Gold Corp. · OTC:FTCO
Fortitude Gold — Investor Presentation (August 2026)
48 slides from Fortitude Gold's investor presentation, Aug 4, 2026
Slide 1: Fortitude Gold Corp.
~_ )FORTITUDE GOLD CoP. August 4, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements Summary: If you are risk-averse you should NOT buy shares in Fortitude Gold. Unexpected events happen and are likely to change forecasts and targets. This presentation is to be read in conjunction with the most current 10K & 10Q available at the Securities & Exchange Commi
Slide 3: Investment Thesis
Investment Thesis Exposure To Gold “Physical gold, and most mining equities, provide no yield. We counter 99% revenue from gold this criticism of gold by providing our shareholders with a monthly dividend and attractive yield. This differentiates Fortitude from our New Mine Building peers and transc
Slide 4: Experienced Management
Experienced Management Industry success includes: +14 yrs of gold production +14 yrs operational profitability +$1.2 billion revenue generated +$165,000,000 cash dividends to shareholder Built 2 mining units (USA & MX) and 6 mines (4 open-pit & 2 underground) Fortitude Gold Corp. was a spin-out from
Slide 5: Overview
Overview Unique Business Strategy Mining Co. garnering equity & yield valuations Experienced Management Extensive successful mine building experience Premier Mining Jurisdiction Nevada, U.S.A. Walker Lane Mineral Belt Gold Producer Low-cost open pit heap leach operation High-Grade Targeting ~1 gram
Slide 6: Strategy
Strategy Target Projects with low operating costs, strong returns on capital and high margins Strategy Grow organically, remain debt-free and distribute substantial dividends Leverage An ultra tight capital structure from which to distribute dividends OTC QB: FTCO
Slide 7: Project Pipeline
Project Pipeline Production Isabella Pearl (IP) County Line Scarlet South (IP) Permitting Golden Mile Scarlet North (IP) Delineation East Camp Mina Gold Exploration Dauntless Intrepid Ripper OTC QB: FTCO
Slide 8: Revenue
Revenue ~1% 99% Gold dominate Silver credited against production cost Gold Silver OTC QB: FTCO
Slide 9: Milestones
Milestones 2018 Received IP mine permit under Trump administration Project groundbreaking 2019 Produced gold 10 months 2020 Ramped up production 2021 ~40,000 oz annual Au production for 3 yrs 2022 Biden administration 2023 Permit Backlog 2024 No permits issued under Biden 2025 Return t
Slide 10: Production
Production 46,000 41,000 40,000 38,000 2026 annual production target TBD 35,000 Dependent on devlopment timing of 30,000 County Line & Scarlet South GOLD oz 25,000 20,000 16,500 TBD TBD TBD 15,000 10,000 5,000 TBD 0 2021 2022 2023 2024 2025 2026 2027 2028 Isabella Pearl* Pearl Deep / Residual Leach
Slide 11: County Line Mine
County Line Mine Mine operations commenced January 2026 Direct ship mineralization to IP process facility Pit layback ~mid-2026 ~64K Au oz’s in-situ. Measured, Indicated, & Inferred Exceptional exploration / expansion potential OTC QB: FTCO
Slide 12: County Line Mine Expansion Potential
Expansion Potential County Line Mine Expansion Potential County Line Pit East Pit Expansion potential Expansion Potential OTC QB: FTCO
Slide 13: Scarlet South Mine
Scarlet South Mine Mine operations commenced January 2026 500 meters from IP processing facility Isabella Pearl (IP) Mine IP Processing Facility Direct ship mineralization Expansion / exploration potential Scarlet South First blast 1.7.2026 Scarlet North Prospect Mt. First delivery 1.8.2026 OTC QB:
Slide 14: Isabella Pearl: +10Km Mineralized Trend
Isabella Pearl: +10Km Mineralized Trend Slab York Clavada Santa Fe Isabella Pearl Mine 300k oz au production to date +165k oz Au Wild Horse West Rabbit Springs Northwest Ridge Nevada-Juneau Corridor North Historic open pits on trend Additional open pit deposits likely Pyrite Springs Corridor Copper
Slide 15: Scarlet North Target
Surface & near surface Scarlet North Target gold drill highlights include: Isabella Pearl Mine Interval Grade From production to date +165k oz Au 21.34 m @ 1.14 g/t Au surface 18.29 m @ 1.20 g/t Au 35 meters Wild Horse West 44.20 m @ 0.84 g/t Au surface Rabbit Springs 18.29 m @ 1.01 g/t Au surface N
Slide 16: Scarlet North & South
Scarlet North & South Scarlet North Expansion potential of both Expansion Test concealed fault corridor Potential 2026 between Scarlet North mineral & Scarlet South open pit Scarlet South Potential for South and North Expansion to be connected Potential OTC QB: FTCO
Slide 17: Golden Mile
Golden Mile Mine permitting phase (BLM, NDEP) Fast-41 dashboard High-grade gold open-pit* Indicated 2,160,000 tonnes @ 1.13g/t = 78,500 Au oz Inferred 2,400,000 tonnes @ 1.10g/t = 84,500 Au oz Modular processing equipment purchased & delivered Gold to carbon, truck carbon to IP for processing Deposi
Slide 18: Golden Mile
Golden Mile Surface & near surface gold Third party drill intercepts include Interval Grade From 6.10 m @ 46.53 g/t Au 18.29 meters 36.60 m @ 10.26 g/t Au 15.20 meters 7.62 m @ 9.34 g/t Au 51.82 meters 10.70 m @ 8.76 g/t Au 00.00 meters 10.67 m @ 8.35 g/t Au 51.82 meters 16.70 m @ 6.04 g/t Au 67.10
Slide 19: Exploration
Exploration Our exploration mission is to expand known deposits, delineate known mineralized zones and discover new deposits for production longevity. OTC QB: FTCO
Slide 20: 8 Nevada high-grade gold exploration properties
8 Nevada high-grade gold exploration properties Isabella Pearl Trend 1 5 Mina Gold Surface & near surface high-grade gold Isabella Pear Mine Scarlet South Mine 2 County Line Mine Dauntless 2 1 6 5 8 3 7 4 6 Intrepid Golden Mile 3 7 East Camp Ripper 4 8 Douglas JV Walker Lane Mineral Belt (7 properti
Slide 21: Isabella Pearl Trend: 4 Isabella Pearl sized deposit targets
Isabella Pearl Trend: 4 Isabella Pearl sized deposit targets Extensive high-grade gold Copper Cliffs surface samples Prospect Mountain Gold associated structures 4 targets with Isabella Pearl Scarlet North size potential Indicative of feeder / dilation zones Anomaly East end of trend Scarlet South I
Slide 22: Isabella Pearl Trend: Prospect Mountain target
Isabella Pearl Trend: Prospect Mountain target Copper Cliffs Prospect Mountain High-grade gold in feeder structures 5920’-6240’ (1804-1900m) 320’(98m) thick mineralized horizon, similar to mineralized horizon of Isabella Pearl Areas of mineralization potentially similar to Isabella Pearl deposit OTC
Slide 23: Isabella Pearl Trend: Prospect Mountain target
Isabella Pearl Trend: Prospect Mountain target Prospect Mtn. Lithocap Isabella Pearl Lithocap Lithocap similar to 2017 Isabella Pearl’s Lithocap pre-mining Amicable to cyanide leach High-grade gold, area, vertical extent, and lithocaps all similar earmarks to IP Numerous additional targets on trend
Slide 24: East Camp Douglas
East Camp Douglas $40 million Joint Venture 60% majority ownership & operator (FTCO) Expediting exploration & development Large district size land position (6,078 acres) High-grade open pit potential Lithocap associated with high-grade Au Indicates proximity to intrusive center Potential to host sig
Slide 25: East Camp Douglas
East Camp Douglas Lithocap Surface and near surface gold Drill highlights include: Interval Grade From Veins Veins 22.86 m @ 13.55 g/t Au 4.6 meters* 18.29 m @ 4.28 g/t Au 83.8 meters 13.72 m @ 2.88 g/t Au 13.0 meters* 7.62 m @ 2.86 g/t Au 3.0 meters* 6.10 m @ 4.23 g/t Au 2.2 meters 23.86 m @ 1.99 g
Slide 26: East Camp Douglas
East Camp Douglas Lithocap alteration size compared to other lithocap associated deposits globally. Base of D2 cliffs with strongly silicified “Mineralization in multiple directions, different styles of mineralization (sheeted veins, stockwork, tuffaceous units with steep southeast- and disseminated
Slide 27: Mina Gold
Mina Gold Surface & near surface gold High-grade gold intercepts: Interval Grade* From 15.24 m @ 3.34 g/t Au surface 12.19 m @ 2.98 g/t Au 6.1 m 19.81 m @ 1.47 g/t Au 3.1 m Open pit heap leach potential Metallurgical recovery 70% - 80%* Particle agglomeration heap leach Patented claims with known mi
Slide 28: Dauntless
Dauntless Historic high-grade gold mine Mineralization expansion potential Proximity to Isabella Pearl facilities Third Party drill highlights include: Interval Grade 16.5 m @ 3.36 g/t Au 15.2 m @ 3.11 g/t Au 6.1 m @ 7.46 g/t Au 3.0 m @ 2.79 g/t Au OTC QB: FTCO
Slide 29: Intrepid
Intrepid July 27, 2024 High-grade gold discovery drill hole: 27.43 m @ 1.21 g/t Au including 6.10 m @ 2.01 g/t Au OTC QB: FTCO
Slide 30: Ripper
Ripper High-grade gold: 8.44 g/t Au surface sample 6.52 g/t Au surface sample 6.30 g/t Au surface sample Open pit heap leach potential Multiple geologic settings Jasperoids Collapse breccias Veined & mudstones Silicified breccias OTC QB: FTCO
Slide 31: Synergy
Synergy Isabella Pearl (IP) processing facility Mining Unit Synergy / Hub and Spoke (Shared ADR process plant and equipment) Direct ship ore to IP processing facility when possible Future processing plants built to take gold to carbon phase, truck carbon to IP for processing Shorten permit timing an
Slide 32: High-Grade Projects
High-Grade Projects All-in-Sustaining Cost / oz 1.80 Golden Mile** 1.13g/t Resource grade United States Gold Open Pit Mines $1,697 1.60 1,000 County Line** (Au as primary metal) by Reserve Grade* 1.40 0.97g/t Resource grade 1.20 500 1.00 0 FTCO 2025 Avg 0.80 0.60 0.40 0.20 0.00 Fortitude Gold Active
Slide 33: Nevada open pit gold grade comparison
Grams per tonne (g/t) gold 0.000 0.200 0.400 0.600 0.800 1.000 1.200 1.400 **2022 Resource Grade Nevada Operations Atlanta Pine Grove *Source: S&P Market Intelligence GOLDEN MILE Talapoosa Gold Bar South Wilson-Independence County Line 1.13 g/t gold New Pass Golden Mile** McMahon Ridge Palmetto Ster
Slide 34: The Team
The Team Jason Reid Janet Turner Allan Turner Greg Patterson CEO | President | Director Chief Financial Officer VP Exploration VP Corp. Development | IR +20 years industry experience +13 years industry experience +28 years industry experience +16 years industry experience Full management bios in pre
Slide 35: The Board
The Board Bill Conrad Jason Reid Board Chairman CEO | President | Director Bill M. Conrad currently serves as Chairman of Fortitude Gold Corporation. He previously Jason Reid serves as CEO, President and Director of Fortitude Gold Corporation (FGC). FGC served on the Board of Directors of Gold Resou
Slide 36: Dividend
Dividend $0.12 annually / $0.01 per month Dividend Policy* Returning as much cash to shareholders as soon as possible while balancing the capital needs of operations, reinvesting capital back into the business for organic growth and paying taxes. *Dividends are not guaranteed and may be initiated, m
Slide 37: Capital Structure
Capital Structure Shares Outstanding 28,590,128 Options Outstanding 30,000 Warrants Outstanding 0 RSU’s 1,230,000 Shares Fully Diluted 29,850,128 Long Term Debt 0 Equipment Financing (mine fleet) US$ $15.8M Hedging NA Net Cash (6/30/2026) US$ 13.5M Bullion (6/30/2026) US$ 3M Market Cap (US$4.75/shar
Slide 38: Catalysts
Gold Catalysts 2 New Mine Builds Safety Experience County Line & Scarlet South $40 million Joint Venture East Camp Douglas Grade Production Increase Nevada 2026 a turn around year Produce from 3 mines Permitting Additional Mines Dividends Open-pit Golden Mile & Scarlet North Trump fixing Biden era b
Slide 39: Fortitude Gold Corporation contact details
Fortitude Gold Corporation P + 719-717-9825 723 S Cascade Avenue Email: info@fortitudegold.com Colorado Springs, CO 80903 www.FORTITUDEGOLD.com U.S.A. OTC QB: FTCO
Slide 40: Fortitude: Isabella Pearl silver round
: Strength of mind and courage in the face of adversity f OrTITUDE Fortitude Gold Corporation’s “Isabella Pearl” round is named after the Company’s flagship gold project in Nevada, U.S.A. The round design was conceptualized by management and commissioned and created by a leading American Medalist an
Slide 41: Appendix
Appendix Management Bios Resources Mina Gold / Golden Mile District Golden Mile Exploration OTC QB: FTCO
Slide 42: Management Bios
Management Bios Jason Reid Jason Reid serves as CEO, President and Director of Fortitude Gold Corporation (FGC). FGC was spun out of Gold Resource Corporation (GRC) (NYSE American: GORO) where Jason previously served for over 14 years including CEO, CEO | President | Director President and Director
Slide 43: Isabella Pearl Heap Leach Pad
Isabella Pearl Heap Leap Pad Residual gold leach is expected to take multiple years and exact gold recoveries are unknown until final heap pad closure. Isabella Pearl 2oz Silver Round OTC QB: FTCO
Slide 44: Golden Mile Resources
Golden Mile Resources September 30, 2021, Golden Mile Property Resource Summary Description Tonnes Au g/t Ag** g/t Au oz* Ag** oz Golden Mile Indicated 2,160,000 1.13 78,500 Inferred 2,400,000 1.10 84,500 1 Mineral Resource Inventory as of September 30, 2021 2 Reported at a cutoff of 0.34 g/t Au (0.
Slide 45: 2022 County Line Pit Resource
2022 County Line Pit Resource December 31, 2022 County Line Property Resource Summary Description Tonnes Au g/t Ag g/t Au oz Ag oz County Line Measured 579,500 1.04 19,500 Indicated 623,000 0.90 17,900 Inferred 438,000 0.87 12,200 1. Reported at a cutoff grade of 0.33 g/t Au. 2. Cutoff grade calcula
Slide 46: 2025 County Line Resource Including East Zone
2025 County Resource Including East Zone December 31, 2025 County Line Property Resource Summary Measured Indicated Inferred Au Au Au Au Description Tonnes Tonnes oz g/t oz g/t Oxide + Mixed (LG Main pit area) 2,800 0.24 366,775 300 0.21 44,089 Oxide + Mixed (HG Main pit area) 21,800 0.93 730,829 1,
Slide 47: Mina Gold / Golden Mile District
Mina Gold Spring Golden Mile Mina Gold Golden Mile +8 Miles Mina Gold mineralization District size land position (100% owned) Two adjoining properties (Mina Gold & Golden Mile) Three known areas of mineralization Spring mineralization Surface and near surface gold Resource delineation phase Numerous
Slide 48: Golden Mile
Golden Mile High hydrothermal alteration coincident with mineralization Hydrothermal alteration Mineralization Spring mineralization Alteration associated mineralization Golden Mile mineralization Numerous targets Structural fault conduits Numerous additional targets OTC QB: FTCO