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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 considers itself to operate in a single segment, being the production of crushed ore, containing both gold and silver, mineral exploration, and development of precious metal resources. The Elk Mine is in south central British Columbia, Canada, approximately 325-km northeast of Vancouver and 55-km west of Okanagan Lake, midway between the cities of Merritt and West Kelowna and hosts a number of known mineralized zones which the Company continues to investigate, develop, and mine. The project consists of approximately 32 contiguous mineral claims covering 22,152-hectare (ha) and two mining leases covering 646-ha.


TSX:GMTN - Post by User

Post by techguy12on Apr 13, 2022 6:43pm
282 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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