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

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Gold Mountain Mining Corp > Q1 2024

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Post by TELEMARKER on Jun 14, 2023 7:40pm

Q1 2024

VANCOUVER BC / ACCESSWIRE / June 14, 2023 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to report its financial and operating results for the three months ended April 30, 2023 ("Q1 2024"). The Company's Financial Statements, Management's Discussion and Analysis ("MD&A"), are available for download on SEDAR and the Company's website. All amounts are expressed in Canadian dollars ("$") unless otherwise noted.

Q1 2024 Highlights

Gold sales of 1,798 oz from 7,794 tonnes delivered grading at an average of 8.34 g/t
Quarterly record revenue of $4,168,376 at an average realized gold price 1 of $2,298 per ounce of gold sold
Mine operating income of $1,592,376
Net income of $960,609, or $0.01 per share (basic) for Q1 2024 compared to a loss of $237,816, or $0.00 per share (basic) for Q1 2023
Adjusted EBITDA1 of $1,305,716
Total Cash Costs1 per ounce sold of $1,304