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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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

TSX:GMTN - Post Discussion

Gold Mountain Mining Corp > Going concer
View:
Post by Inspired423 on Jun 17, 2023 2:49pm

Going concer

So digesting all the Q1 report:
  • Insanely high strip ratio
  • lower ounces per month gold production trending down
  • high Opex
  • sold ther silver to pay for $3m payment
  • at odds with government over waste rock pile $1.5 m Liability
  • Limited working capital and behind on net payable liabilities
  • defferring share based compensation artificially lowering other expenses
  • bordering on bankruptcy again
Kevin Smith lied to everyone on the operating status of this mine.  Their extremely outdated PEA is a joke. Run while you still can.
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Gold Mountain Mining Corp