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Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s):  GMTNF

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company is engaged in the production of crushed ore, containing both gold and silver, mineral exploration, and development of precious metal resources. The Company’s principal product is crushed ore produced from the Elk Mine. The Elk Gold Property is a 21,187-hectare (ha) land package. The Elk Gold Project hosts multiple gold mineralized zones within the 21,187-ha property boundary. The Elk Gold is a mesothermal, intrusive related, gold vein system. The Elk Gold Project is a past producing high grade gold mine.


TSX:GMTN - Post by User

Post by techguy12on Apr 13, 2022 6:43pm
263 Views
Post# 34602139

Latest Raise

Latest RaiseThis definitely suprised me. I believe they have another property payment due mid-may and wonder if that was the catalyst for the raise.

Their last raise was in June for $12M and they've gone through permitting, exploring, building the mine and delivering ore since then. Wouldn't be suprised if cash is a little tight despite a few months of revenue.
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