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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

Comment by Theckman1on Jun 11, 2022 12:58pm
103 Views
Post# 34749345

RE:RE:Stepping up buying

RE:RE:Stepping up buyingThanks, Windtalker.  I appreciate the detail on the ceo.ca site.  It certainly is a an interesting read going back through early May!  A lot of emotions and speculation.

I would hope that there wouldn't be any ore on the ground, or minimal ore, since they have a 17-day payable from New Gold.  New Afton has plenty of processing capacity (much more than GMTN is sending), benefits from the additional high grade ore, and GMTN stated that the EA permit approval was received back in October and that they could send additional ore to make up for the time from Feb back to Oct.  I do agree with one of the posters that any material change would have to be publicly communicated.  If there is a delay, for some reason, it does not concern me as a shareholder as long as it's worked out.  Again, speculation can be an interesting animal :)

I'm also assuming GMTN has been quiet lately with the annual meeting coming up this next week, and that they have been just plain busy.  I know shareholders have been used to, and want, constant updates but as we have all seen news does not move the share price.  When the Institutions want this to run it will. Have a nice weekend as well.


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