FTCO: the balance sheet

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Fortitude Gold Corp (FTCO)

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	10,025	4,656	11,724	17,147
Gold and silver rounds/bullion	3,524	3,336	2,822	2,391
Accounts receivable	NaN	NaN	406	NaN
Inventories	26,547	29,312	19,903	7,949
Prepaid taxes	450	450	450	200
Prepaid expenses and other current assets	729	867	1,037	884
Total current assets	41,275	38,621	36,342	28,571
Property, plant and mine development, net	44,452	46,213	43,717	23,845
Leach pad inventories	59,161	50,291	54,980	63,619
Other non-current assets	1,070	1,060	1,145	483
Total assets	145,958	136,185	136,184	116,518

Accounts payable	2,563	1,468	1,620	1,465
Finance lease liabilities, current	7,220	7,208	5,722	NaN
Mining taxes payable	NaN	NaN	35	93
Other current liabilities	194	397	502	399
Total current liabilities	9,977	9,073	7,879	1,957
Finance lease liabilities, net of current portion	10,174	11,882	11,630	NaN
Asset retirement obligations	11,290	10,856	9,940	7,849
Total liabilities	31,441	31,811	29,449	9,806
Common stock - 0.01 par value, 200,000,000 shares authorized and 27,189,528 shares outstanding at march 31, 2026 and 24,375,209 shares outstanding at december 31, 2025	272	244	244	243
Additional paid-in capital	118,901	106,882	106,601	106,081
Accumulated deficit	-5,165	-2,752	-110	388
Fortitude shareholders' equity	114,008	104,374	106,735	106,712
Noncontrolling interest	509	NaN	NaN	NaN
Total shareholders' equity	114,517	NaN	NaN	NaN
Total liabilities and shareholders' equity	145,958	136,185	136,184	116,518

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.