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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.


TSX:GMTN - Post by User

Gold Mountain Mining Corp > MD&A
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Post by TELEMARKERon Jun 14, 2022 10:26pm
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Post# 34756959

MD&A

MD&AQ1 2023 CONSOLIDATED FINANCIAL AND OPERATIONAL HIGHLIGHTS
Financial Highlights Quarterly revenue of $3,706,423 with a gross profit of $925,420
Working capital balance of $15,069,119 at April 30, 2022
Closing cash balance of $18,819,693 at April 30, 2022
Loss and comprehensive loss of $237,816 and adjusted EBITDA1 of $526,949

Operating Highlights Crushed ore production of 1,987 ounces of gold
Crushed ore sales of 1,898 ounces of gold at an average realized price1 of $1,930 per ounce
Mined ore production of 15,063 tonnes at a grade of 4.24 grams per tonne (“g/t”)
Cash cost per ounce of crushed ore sold1 of $1,379
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