Gold Mountain Reports its Interim Q4 2025 Financial and Operating Results
Gold Mountain Mining Corp (TSX:GMTN, OTCQB:GMTNF) has released its Q4 2025 financial and operating results for the period ended January 31, 2025. The company announced a change in its fiscal year-end from January 31 to March 31 to better align with industry peers.
Key Q4 2025 metrics include:
- Gold sales of 291 oz from 10,055 tonnes at 1.23 g/t grade
- Revenue of $761,433 with average realized gold price of $2,583 per ounce
- Mine operating loss of $343,360
- Net loss of $1.46 million
- Adjusted EBITDA of $139,913
The company mined 10,055 tonnes of ore and 398,662 tonnes of waste from Siwash North Pit, with a strip ratio of 39.6. Low production was attributed to planned winter work program. The company has initiated an internal review of its NI 43-101 Technical Report, expected to complete by July 2025.
Gold Mountain Mining Corp (TSX:GMTN, OTCQB:GMTNF) ha pubblicato i risultati finanziari e operativi del quarto trimestre 2025 per il periodo terminato il 31 gennaio 2025. L'azienda ha annunciato un cambiamento nella scadenza dell'anno fiscale da 31 gennaio a 31 marzo per allinearsi meglio con i concorrenti del settore.
I principali indicatori del Q4 2025 includono:
- Vendite di oro pari a 291 once da 10.055 tonnellate con un grado di 1,23 g/t
- Ricavi di $761.433 con un prezzo medio realizzato dell'oro di $2.583 per oncia
- Perdita operativa della miniera di $343.360
- Perdita netta di $1,46 milioni
- EBITDA rettificato di $139.913
L'azienda ha estratto 10.055 tonnellate di minerale e 398.662 tonnellate di rifiuti dalla cava Siwash North, con un rapporto di estrazione di 39,6. La bassa produzione è stata attribuita al programma di lavoro invernale pianificato. L'azienda ha avviato una revisione interna del suo Rapporto Tecnico NI 43-101, prevista per essere completata entro luglio 2025.
Gold Mountain Mining Corp (TSX:GMTN, OTCQB:GMTNF) ha publicado sus resultados financieros y operativos del cuarto trimestre de 2025 para el período que finalizó el 31 de enero de 2025. La compañía anunció un cambio en el cierre de su año fiscal de 31 de enero a 31 de marzo para alinearse mejor con sus pares de la industria.
Los indicadores clave del Q4 2025 incluyen:
- Ventas de oro de 291 onzas de 10,055 toneladas con un grado de 1.23 g/t
- Ingresos de $761,433 con un precio promedio realizado del oro de $2,583 por onza
- Pérdida operativa de la mina de $343,360
- Pérdida neta de $1.46 millones
- EBITDA ajustado de $139,913
La compañía extrajo 10,055 toneladas de mineral y 398,662 toneladas de desechos de la mina Siwash North, con una relación de extracción de 39.6. La baja producción se atribuyó al programa de trabajo invernal planificado. La compañía ha iniciado una revisión interna de su Informe Técnico NI 43-101, que se espera completar para julio de 2025.
골드 마운틴 마이닝 주식회사 (TSX:GMTN, OTCQB:GMTNF)는 2025년 1월 31일에 종료된 기간에 대한 2025년 4분기 재무 및 운영 결과를 발표했습니다. 회사는 업계 동료들과 더 잘 맞추기 위해 회계 연도 종료일을 1월 31일에서 3월 31일로 변경한다고 발표했습니다.
2025년 4분기 주요 지표는 다음과 같습니다:
- 10,055톤에서 291온스의 금 판매, 등급 1.23 g/t
- 수익 761,433달러, 평균 실현 금 가격 2,583달러/온스
- 광산 운영 손실 343,360달러
- 순손실 146만 달러
- 조정된 EBITDA 139,913달러
회사는 Siwash North Pit에서 10,055톤의 광석과 398,662톤의 폐기물을 채굴했으며, 스트립 비율은 39.6입니다. 낮은 생산량은 계획된 겨울 작업 프로그램에 기인합니다. 회사는 NI 43-101 기술 보고서에 대한 내부 검토를 시작했으며, 2025년 7월까지 완료할 예정입니다.
Gold Mountain Mining Corp (TSX:GMTN, OTCQB:GMTNF) a publié ses résultats financiers et opérationnels pour le quatrième trimestre 2025 pour la période se terminant le 31 janvier 2025. L'entreprise a annoncé un changement de la date de clôture de son exercice fiscal du 31 janvier au 31 mars afin de mieux s'aligner avec ses pairs du secteur.
Les principaux indicateurs du T4 2025 comprennent :
- Ventes d'or de 291 onces provenant de 10 055 tonnes avec un grade de 1,23 g/t
- Revenus de 761 433 $ avec un prix moyen réalisé de l'or de 2 583 $ par once
- Perte opérationnelle de la mine de 343 360 $
- Perte nette de 1,46 million $
- EBITDA ajusté de 139 913 $
L'entreprise a extrait 10 055 tonnes de minerai et 398 662 tonnes de déchets de la mine Siwash North, avec un ratio de décapage de 39,6. La faible production a été attribuée au programme de travail hivernal prévu. L'entreprise a lancé un examen interne de son Rapport Technique NI 43-101, qui devrait être terminé d'ici juillet 2025.
Gold Mountain Mining Corp (TSX:GMTN, OTCQB:GMTNF) hat seine finanziellen und operativen Ergebnisse für das vierte Quartal 2025 für den Zeitraum bis zum 31. Januar 2025 veröffentlicht. Das Unternehmen gab eine Änderung des Geschäftsjahresendes vom 31. Januar auf den 31. März bekannt, um sich besser an der Branche zu orientieren.
Wichtige Kennzahlen für Q4 2025 sind:
- Goldverkäufe von 291 Unzen aus 10.055 Tonnen mit einem Gehalt von 1,23 g/t
- Einnahmen von 761.433 $ bei einem durchschnittlichen realisierten Goldpreis von 2.583 $ pro Unze
- Betriebsverlust der Mine von 343.360 $
- Nettoverlust von 1,46 Millionen $
- Bereinigtes EBITDA von 139.913 $
Das Unternehmen hat 10.055 Tonnen Erz und 398.662 Tonnen Abfall aus der Siwash North Pit abgebaut, mit einem Abbauverhältnis von 39,6. Die geringe Produktion wurde auf das geplante Winterarbeitsprogramm zurückgeführt. Das Unternehmen hat eine interne Überprüfung seines NI 43-101 Technischen Berichts initiiert, die voraussichtlich bis Juli 2025 abgeschlossen sein wird.
- Reduced net loss to $1.5M in Q4 2025 from $2.6M in Q4 2024
- Improved mine operating loss to $0.3M from $1.8M year-over-year
- Higher revenue at $1.2M compared to $0.4M in Q4 2024
- Better strip ratio at 39.6 compared to 137.3 in Q4 2024
- Net loss of $13.2M for twelve months ended January 31, 2025
- Low production results due to reduced winter operations
- High total cash costs of $3,272 per ounce sold
- Declining ore grade to 1.23 g/t from 2.89 g/t year-over-year
VANCOUVER, BC / ACCESS Newswire / March 17, 2025 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) reports its financial and operating results for the three months and twelve months ended January 31, 2025 ("Q4 2025"). The Company's Financial Statements and Management's Discussion and Analysis ("MD&A") are available on the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website. All amounts are expressed in Canadian dollars ("$") unless otherwise noted.
Change of Fiscal Year End
The Company announces a change to its fiscal year end from January 31 to March 31. Going forward, the Company's financial reporting periods will align with standard calendar quarters (March, June, September, December). This alignment is expected to enhance financial comparisons and benchmarking with industry peers, as many reporting issuers within the mining sector follow the same reporting cycle.
As a result of this change, the Company is releasing its interim financial and operating results for the fourth quarter ended January 31, 2025. The Company will file audited financial statements for the 14-month transitional fiscal period ending March 31, 2025. These filings will be submitted by the end of June 2025, in compliance with National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102").
Further details regarding the change in fiscal year end, including the Company's interim reporting procedures, will be available in the Company's Notice of Change of Financial Year- End, prepared in accordance with section 4.8 of NI 51-102, which will be filed on the Company's profile on SEDAR+ at www.sedarplus.ca.
Highlights for the three months ended January 31, 2025
Gold sales of 291 oz from 10,055 tonnes delivered grading at an average of 1.23 g/t
Revenue of
$761,433 at an average realized gold price1 of$2,583 (US$1,828) per ounce of gold soldMine operating loss of
$343,360 Net loss of
$1,457,550 or$0.00 per share (basic) during Q4 2025Adjusted EBITDA1 of
$139,913 Total Cash Costs1 per ounce sold of
$3,272 The strip ratio of 39.6 in Q4 2025
Low production results realized during the reporting period were directly attributable to the planned winter work program, which substantially reduced operations throughout the quarter. As a result, production from the Elk Gold Mine is consistent with the reduced activity level. The combination of lower stripping volumes and the anticipated lower gold production in Q4 2025 resulted in reduced unit costs compared to Q4 2024.
Summary of Financial Results
For the three months ended January 31, 2025 ("Q4 2025"), the Company recorded a net loss of
|
|
| Q4 2025 |
|
|
| Q4 2024 |
|
| 12MO 2025 |
|
| 12MO 2024 |
| ||
Revenue |
| $ | 761,433 |
|
| $ | 424,099 |
|
| $ | 2,349,397 |
|
| $ | 8,576,009 |
|
Cost of sales |
|
| (1,104,793 | ) |
|
| (2,265,257 | ) |
|
| (8,285,105 | ) |
|
| (11,806,694 | ) |
Mine operating loss |
|
| (343,360 | ) |
|
| (1,841,158 | ) |
|
| (5,935,708 | ) |
|
| (3,230,685 | ) |
Net loss and comprehensive loss |
|
| (1,457,550 | ) |
|
| (2,626,708 | ) |
|
| (13,212,456 | ) |
|
| (5,922,973 | ) |
Net loss per share - basic and diluted |
|
| (0.00 | ) |
|
| (0.03 | ) |
|
| (0.02 | ) |
|
| (0.07 | ) |
Adjusted EBITDA1 |
| $ | 139,913 |
|
| $ | (2,457,593 | ) |
| $ | (7,247,798 | ) |
| $ | (4,836,938 | ) |
Average realized gold price1 ($/oz) |
| $ | 2,583 |
|
| $ | 1,263 |
|
| $ | 2,163 |
|
| $ | 2,167 |
|
Total Cash Costs1 per ounce sold ($/oz) |
| $ | 3,272 |
|
| $ | 6,455 |
|
| $ | 7,189 |
|
| $ | 2,821 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| |
Summary of Operational Results
|
| Q4 2025 |
|
|
| Q4 2024 |
|
| 12MO 2025 |
|
| 12MO 2024 |
| |||
Ore mined | (t) |
| 10,055 |
|
|
| 1,455 |
|
|
| 31,321 |
|
|
| 34,017 |
|
Waste mined | (t) |
| 398,662 |
|
|
| 199,748 |
|
|
| 1,296,929 |
|
|
| 1,623,010 |
|
Total mined | (t) |
| 408,717 |
|
|
| 201,203 |
|
|
| 1,328,250 |
|
|
| 1,657,027 |
|
Ore delivered | (t) |
| 8,994 |
|
|
| 4,187 |
|
|
| 30,064 |
|
|
| 33,245 |
|
Average ore grade delivered - gold | (g/t) |
| 1.23 |
|
|
| 2.89 |
|
|
| 1.34 |
|
|
| 4.26 |
|
Strip ratio | waste/ore |
| 39.6 |
|
|
| 137.3 |
|
|
| 41.4 |
|
|
| 47.7 |
|
Gold ounces sold | (oz) |
| 291 |
|
|
| 327 |
|
|
| 1,070 |
|
|
| 3,916 |
|
During the three months ended January 31, 2025 ("Q4 2025"), the Company mined a total of 10,055 tonnes of ore and 398,662 tonnes of waste, all sourced from the Siwash North Pit. The average ore grade delivered during the quarter was 1.23 g/t gold, resulting in total gold ounces sold of 291. The strip ratio for the quarter was 39.6. In comparison, during the three months ended January 31, 2024 ("Q4 2024"), the Company mined a total of 1,455 tonnes of ore and 199,748 tonnes of waste from the Siwash North Pit. The average ore grade delivered was 2.89 g/t gold, resulting in total gold ounces sold of 327. The strip ratio in Q4 2024 was significantly higher at 137.3.
Corporate Update
During the twelve months ended January 31, 2025, the Company incurred a net loss of
As part of its internal review, Gold Mountain intends to engage in various activities, including: infill drilling; drilling new holes as quality checks on historical works and findings; re-logging historical drill core; and evaluating existing drill core data. The Company anticipates completing the internal review by July 2025 and will provide an update in due course.
Gold Mountain also anticipates receiving the results of exploration drilling which has commenced on the "Bullion Zone", an area located immediately north of the Siwash Pit. Preliminary observations support additional exploitation and expansion of the existing operational plan for that location.
Further, Gold Mountain looks forward to the Elk Mine resuming normal operations following spring melt and the completion of the internal review.
About Gold Mountain
Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South Central British Columbia. Additional information is available at www.sedar.comor on the Company's new website at www.gold-mountain.ca.
For more information, please contact:
Gold Mountain Mining Corp.
Email: info@gold-mountain.ca
Website: www.gold-mountain.ca
Twitter: www.twitter.com/goldmtnmine
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.
Forward Looking Statements
Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company's future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
1) The Company has included certain non-IFRS measures in this document, as discussed below.
Adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") is a non-IFRS financial performance measure. For a full definition and reconciliation of this non-IFRS financial performance measure, refer to the Company's MD&A for the three and twelve months ended January 31, 2025, a copy of which is available on the Company's profile at www.sedarplus.ca.
Total Cash Cost per ounce sold is a common financial performance measure in the gold mining industry but has no standard meaning under IFRS. The Company reports total cash costs on a sales basis. For a full definition and reconciliation of this non-IFRS financial performance measure, refer to the Company's MD&A for the three and twelve months ended January 31, 2025, a copy of which is available on the Company's profile at www.sedarplus.ca.
Average realized price per ounce of gold sold is used by management to better understand the price realized in each reporting period for gold sales. This metric is intended to provide additional information only and does not have any standardized definition under IFRS. For a full definition and reconciliation of this non-IFRS financial performance measure, refer to the Company's MD&A for the three and twelve months ended January 31, 2025, a copy of which is available on the Company's profile at www.sedarplus.ca.
SOURCE: Gold Mountain Mining Corp
View the original press release on ACCESS Newswire
FAQ
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