Gold Mountain Mining Corp T.GMTN

Gold Mountain Provides Operational and Corporate Update

[Betteryear2]

VANCOUVER, BC / ACCESSWIRE / March 2, 2023 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to provide an operational and corporate update.

Highlights:

• The Company continues to improve operations at the Elk Gold Project, generating approximately $2.3M CAD of revenue in January 2023 with an adjusted EBITDA1 of approximately $725k.
• A total of 1,164 AuOz and 1,183 AgOz were delivered to New Gold Inc.'s New Afton Mine with an average head grade of 6.04 g/t Au and 6.15 g/t Ag.
• Cash costs2 for January were approximately CDN$1,187/oz Au (US$886/oz Au) and all-in sustaining costs (AISC)3 were approximately CDN$1,485/oz Au ($US1,108/oz Au).
• The Company has now seen four consecutive months of improved grade with January being the Company's best month since operations began in February 2022.

Gold Mountain Provides Operational and Corporate Update (accesswire.com)