Fortitude Gold Corp. began commercial operations at its Scarlet South Mine on January 12, 2026, and shipped its first ore to the Isabella Pearl heap‑leach plant in Nevada. The mine sits 500 m northwest of the plant, allowing the company to use existing processing infrastructure and avoid the capital outlay of building a new facility.
The launch marks the third producing mine for Fortitude, adding to Isabella Pearl and County Line. By leveraging the hub‑and‑spoke model, the company can accelerate cash flow and reduce capex, a key pillar of its strategy to reach an operational and financial inflection point in 2026.
Fortitude’s 2024 results showed $37.3 million in net sales and 16,472 gold ounces, while Q3 2025 generated $4.7 million in net sales and 1,384 ounces. The addition of Scarlet South is expected to lift annual production and revenue, though the company has not yet provided specific guidance for the new mine’s output.
CEO Jason Reid highlighted the milestone as evidence of the company’s ability to bring projects online quickly and cost‑effectively. “Launching Scarlet South demonstrates our capacity to scale production while keeping capital expenditures low,” Reid said, noting that the current regulatory environment has expedited permitting compared to the previous administration.
The move also diversifies Fortitude’s production base, reducing reliance on a single asset and positioning the company to meet its 2026 goal of delivering gold from three sources. Analysts view the expansion as a positive step toward achieving the company’s long‑term growth targets, though they await detailed production guidance to assess the full financial impact.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.