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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 GoldenPolarBearon Apr 03, 2024 6:03pm
82 Views
Post# 35969056

“ Gold price rises above $2,300, shattering all-time high💥

“ Gold price rises above $2,300, shattering all-time high💥

"... Gold price rises above $2,300, shattering all-time high..."
"...
Gold rose to another record after Federal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates.

Powell said recent inflation figures — though higher than expected — didn’t “materially change” the overall picture, according to the text of a speech at Stanford University in California. He reiterated his expectation that it will likely be appropriate to begin lowering rates “at some point this year.”
US gold futures, meanwhile, crossed the $2,300 mark, up 1.4% at $2,313.60 per ounce.

https://www.mining.com/web/gold-shatters-new-records-as-mideast-tensions-add-to-bullish-mix/

"... 
"Gold surged to yet another historic high on elevated trading volume after Powell stresses that 'bumps' in the road don't change the overall rosy picture," said Tai Wong, a New York-based independent metals trader.

"Powell's customary cautious approach doesn't worry gold bulls...I think bulls want to see $2,300 and I think more 'tourists' are getting involved in the trade."

https://www.reuters.com/markets/commodities/gold-smashes-record-again-us-inflation-worries-loom-2024-04-03/

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