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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 27, 2023 8:48pm
280 Views
Post# 35467510

Don’t buy into the hype

Don’t buy into the hype

STRR royalities is merely pumping a stock they are invested in. One doesn't have to look to deep to see that a company operating with virtually no margin is in trouble.

A small head grade improvement does not support mine expansion. There will be significant dilution to get to a 65k mine.  

Operating costs of this mine are too high to be anything more than a shiny turd.

A company that continues to mislead shareholders needs to terminate its key members of the management team for manipulating investors.  Kevin Smith and Grant Carlson need to be fired.  

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