CEO Jason Reid and chairman Bill Conrad previously steered Gold Resource Corporation
Golden Mile could become Fortitude s second open-pit heap leach gold mine
Fortitude Gold Corp (OTCQB:FTCO) is a junior gold producer with operations in the goldfields of Nevada, one of the world’s top mining-friendly jurisdictions. It has five high-grade gold properties in Nevada’s Walker Lane Mineral Belt, with the Isabella Pearl mine in current production.
All five properties Isabella Pearl, Golden Mile, Mina Gold, East Camp Douglas, and County Line are in a 30-mile radius of one another within Nevada’s prolific Walker Lane Mineral Belt. Fortitude’s business strategy is to grow organically, remain debt-free and distribute substantial dividends.
Two December acquisitions helped Colorado Springs-based defense contractor Vectrus boost revenue and profits sharply during the first quarter, the company reported Monday.
Vectrus acquired HHB Systems, a Virginia-based defense contractor specializing in systems engineering and technical assistance that employs more than 50 people, and Zenetex, another Virginia defense contractor that specializes in providing management and technology services for federal and defense industry clients, both in December. The two deals added $68.9 million in revenue during the January-to-March quarter, or 84% of its revenue increase during the quarter.
The acquisitions helped fuel a 23.4% jump in revenue to $434 million and a 38.7% surge in profits from $8.67 million, or 74 cents a share, in the first quarter of last year to $12.1 million, or $1.02 a share, in this year s first quarter. Much of the rest of the gain came as the company phased in work on its largest contracts to provide logistics support
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