Welcome to our dedicated page for Gold Mtn Mng news (Ticker: GMTNF), a resource for investors and traders seeking the latest updates and insights on Gold Mtn Mng stock.
Gold Mountain Mining Corp (GMTNF) is a British Columbia-based precious metals company focused on gold and silver production at its flagship Elk Gold Mine. This page provides investors and industry observers with timely updates on corporate developments, operational milestones, and strategic initiatives.
Access official press releases, financial disclosures, and exploration updates in one centralized location. Track key activities including production results, resource estimates, debt management progress, and partnership announcements. Our news collection enables informed analysis of GMTNF's operational performance and market positioning.
Content spans quarterly financials, mine expansion plans, drilling results, and management commentary. Regular updates cover metallurgical testing outcomes, permitting developments, and capital structure changes. All information is sourced directly from company filings and verified announcements.
Bookmark this page for streamlined monitoring of GMTNF's progress in British Columbia's mining sector. Combine real-time market data with fundamental operational updates to stay informed about this developing precious metals producer.
Gold Mountain Mining Corp. (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) provided an operational update highlighting a successful January 2023 at the Elk Gold Project. The company generated approximately CAD$2.3M in revenue and achieved an adjusted EBITDA of CAD$725k. A total of 1,164 AuOz and 1,183 AgOz were delivered, with cash costs at CAD$1,187/oz Au and all-in sustaining costs of CAD$1,485/oz Au. This marks the fourth consecutive month of improved grade, with January being the best month since operations began in February 2022. Additionally, the company appointed new management, including a CFO with extensive mining experience.
Gold Mountain Mining Corp. reported its third quarter FY2023 results, generating $2,091,371 in revenue and delivering 1,133 ounces of gold. After completing an in-fill drilling program and redesigning its pit, the company resumed ore mining and delivery to New Gold Inc. in September. Upcoming plans include releasing an updated resource estimate and a preliminary economic assessment in Q1 2023, alongside efforts to expand production to 65,000 ounces of AuEq annually. Average head grade during this period was 3.49 g/t.
Gold Mountain Mining Corp. announced a correction to its previous press release regarding its Phase III drill results. The correction clarifies the true width of intercepts and the QA/QC measures in place, with assays conducted at Actlabs in Kamloops, BC. The Phase III program, totaling 15,500 meters, yielded significant high-grade gold intervals, with notable intercepts such as 65.37 g/t Au over 1.31 m. The company plans to incorporate these results into an updated mineral resource estimate expected in Q4, with no material QA/QC issues reported.
Gold Mountain Mining Corp. announced its Q2 FY2023 financial and operational results, generating $968,860 in revenue. The company faced startup challenges while transitioning to production, focusing on in-fill drilling and optimizing ore control processes. Significant high-grade gold intercepts from its Phase III exploration program were reported, with plans for an updated resource estimate in Q4. The BC Environmental Assessment Office ruled that an environmental assessment isn't needed for proposed production expansion.
Gold Mountain Mining Corp. (TSX:GMTN) announced its Q1 2022 financial results, reporting revenue of $3,706,423 and an adjusted EBITDA of $526,949. The Company mined 15,063 tonnes of ore, yielding 1,898 AuOz and 1,697 AgOz. Despite achieving production milestones, operational challenges during the Elk Gold Mine's commissioning impacted ore production levels. The Company is addressing these issues through initiatives like enhanced drilling and sampling procedures. It wrapped the quarter with $18,819,693 in cash, laying groundwork for future expansion.
Gold Mountain Mining Corp. has successfully completed a bought deal public offering of 14,800,000 units at $1.25 each, raising $18.5 million. Each unit comprises one common share and one-half warrant, with the warrants exercisable at $1.75 until April 21, 2024. Proceeds will support the development of the Elk Gold Project, repay debt, and provide working capital. The offering was led by Eight Capital and is subject to specific U.S. regulations on securities.
