Bullboard - Stock Discussion Forum Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s): GMTNF

Metals & Mining Gold

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... see more

Add To Watchlist

TSX:GMTN - Post Discussion

Gold Mountain Mining Corp > Gold Mountain Provides Operational and Corporate Update

View:

Post by Betteryear2 on Mar 02, 2023 9:27pm

Gold Mountain Provides Operational and Corporate Update

VANCOUVER, BC / ACCESSWIRE / March 2, 2023 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to provide an operational and corporate update.

Highlights:

The Company continues to improve operations at the Elk Gold Project, generating approximately $2.3M CAD of revenue in January 2023 with an adjusted EBITDA1 of approximately $725k.
A total of 1,164 AuOz and 1,183 AgOz were delivered to New Gold Inc.'s New Afton Mine with an average head grade of 6.04 g/t Au and 6.15 g/t Ag.
Cash costs2 for January were approximately CDN$1,187/oz Au (US$886/oz Au) and all-in sustaining costs (AISC)3 were approximately CDN$1,485/oz Au ($US1,108/oz Au).
The Company has now seen four consecutive months of improved grade with January being the Company's best month since operations began in February 2022.

Gold Mountain Provides Operational and Corporate Update (accesswire.com)

167