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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 Inspired423on May 10, 2023 7:12pm
170 Views
Post# 35441997

GMTN Promoters on CEO.Ca

GMTN Promoters on CEO.CaDon't be fooled by the pumpers on CEO.ca.  It's clear this company will not realize the ebitda they reflected in their completely outdated PEA.  Grades are basically half of what they communicated; this mine is uneconomic.  Given it's been over 8 months since they did the infill drilling and can't tap the higher grade narrow veins explains why the leadership team has delayed and continues to delay the PEA update and infill drill results.  This mgmt team continues to misrepresent using an outdated PEA on their website and hidden expenses within their financials. 
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