Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s): GMTNF

Metals & Mining Gold

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.

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Gold Mountain Mining Corp > Q1 2024

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Post by TELEMARKERon Jun 14, 2023 7:40pm

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Post# 35497095

Q1 2024

VANCOUVER BC / ACCESSWIRE / June 14, 2023 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to report its financial and operating results for the three months ended April 30, 2023 ("Q1 2024"). The Company's Financial Statements, Management's Discussion and Analysis ("MD&A"), are available for download on SEDAR and the Company's website. All amounts are expressed in Canadian dollars ("$") unless otherwise noted.

Q1 2024 Highlights

Gold sales of 1,798 oz from 7,794 tonnes delivered grading at an average of 8.34 g/t
Quarterly record revenue of $4,168,376 at an average realized gold price 1 of $2,298 per ounce of gold sold
Mine operating income of $1,592,376
Net income of $960,609, or $0.01 per share (basic) for Q1 2024 compared to a loss of $237,816, or $0.00 per share (basic) for Q1 2023
Adjusted EBITDA1 of $1,305,716
Total Cash Costs1 per ounce sold of $1,304