Fortitude Gold Corp. began commercial operations at its County Line Mine on January 7 2026, shipping the first ore to its Isabella Pearl processing plant in Nevada. The shipment marks the mine’s first commercial production and confirms that the company has moved beyond permitting into active mining.
County Line, located in Nevada’s Walker Lane Mineral Belt, received final Bureau of Land Management approval on September 30 2025. The project comprises two historic open pits and represents Fortitude’s first new mine since its founding. By leveraging the existing Isabella Pearl plant, the company can process ore without the capital outlay of a new facility, aligning with its low‑cost, high‑margin strategy.
Fortitude’s guidance indicates the County Line Mine will reach an annualized run rate of approximately 20,000 gold ounces over the next two years, with a ramp‑up schedule that expects full production by the end of 2026. This output will add roughly 12 % to the company’s projected 2026 gold production, which is expected to exceed 30,000 ounces when combined with its Isabella Pearl and Scarlet South mines.
Financially, the new mine is expected to boost Fortitude’s revenue and cash flow. In Q3 2025 the company reported net sales of $4.7 million and produced 1,384 ounces of gold. The addition of County Line’s output will increase revenue by an estimated $10–12 million annually, while the low operating cost of the mine—estimated at $1.50 per ounce—will support margin expansion and sustain the company’s monthly $0.01 dividend policy.
CEO Jason Reid emphasized that the County Line operation exemplifies Fortitude’s “inexpensive” mine model. He noted that shipping ore to the Isabella Pearl plant reduces capital intensity and accelerates the path to profitability, reinforcing the company’s focus on organic growth and debt‑free expansion.
Strategically, the County Line milestone diversifies Fortitude’s production base, reducing single‑asset risk and positioning the company to operate three mines by Q1 2026. The expansion strengthens the firm’s competitive stance in the Nevada gold market and provides a more resilient revenue stream for long‑term investors.
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