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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

Comment by Theckman1on Sep 15, 2022 7:58pm
116 Views
Post# 34965793

RE:RE:RE:RE:Confucius Says...

RE:RE:RE:RE:Confucius Says...Hey, Windtalker I just got home from the coffee shop.  I hope you're doing well.

It obviously is a confusing time and I believe there will be more updates going forward on progress and to clear some things up.  I still see a path to profitability, really a path to break even as they continue to invest in the value of the business.  If they don't need to pay the reclamation security fee up front then they still have $8M U.S. in cash, which I think they will utilize wisely.  I'm not worried about the AISC right now since g/t ored was so low and they're about to mine higher grade.

I will be talking to IR next week and will keep you updated.  They got back quickly with me today.  

All the best,
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