v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 17,147	$ 27,082
Gold and silver rounds/bullion	2,391	1,907
Inventories	7,949	11,641
Prepaid taxes	200	200
Prepaid expenses and other current assets	884	1,025
Total current assets	28,571	41,855
Property, plant and mine development, net	23,845	26,287
Leach pad inventories	63,619	53,577
Other non-current assets	483	386
Total assets	116,518	122,105
Current liabilities:
Accounts payable	1,465	2,637
Mining taxes payable	93	592
Other current liabilities	399	903
Total current liabilities	1,957	4,132
Asset retirement obligations	7,849	9,880
Total liabilities	9,806	14,012
Shareholders' equity:
Preferred stock - $0.01 par value, 20,000,000 shares authorized and nil outstanding at June 30, 2025 and December 31, 2024
Common stock - $0.01 par value, 200,000,000 shares authorized and 24,315,209 shares outstanding at June 30, 2025 and 24,173,209 shares outstanding at December 31, 2024	243	242
Additional paid-in capital	106,081	105,207
Retained earnings	388	2,644
Total shareholders' equity	106,712	108,093
Total liabilities and shareholders' equity	$ 116,518	$ 122,105

Carrying amount as of the balance sheet date of inventories representing ore that has been mined and placed on the leach pad, where minerals can be extracted, not expected to be converted to cash, sold or exchanged within the normal operating cycle.

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Fortitude Gold Corp 10-Q