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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 GoldenPolarBearon Oct 20, 2024 8:06pm
47 Views
Post# 36274031

RE:Mill

RE:Mill

Agreed, they need to resolve this because eventually New Gold will cut them off...
New Gold doesn't have enough to gain from this one sided arrangement
unfortunately !!!!
 

London-listed Endeavour Mining said on Saturday it had a goal of producing about 200,000 ounces of gold per year from 2025 from its second gold mine in Ivory Coast.

The Lafigue mine, inaugurated on Saturday, is located about 500 kilometres northeast of the commercial capital Abidjan, in the Dabakala region. It began gold production in early August and is expected to produce between 90,000 and 100,000 ounces by the end of the year, the company said.

In a statement, Endeavour said it had invested 250 billion CFA francs ($415 million) in the project, which it expects to have a minimum mine life expectancy of 13 years.


https://www.mining.com/web/endeavour-mining-targets-200000-oz-year-of-gold-from-ivory-coast-mine/

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