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. (TSXV:GMTN)(OTCQB:GMTNF) announced updates on the construction progress at its Elk Gold Mine in British Columbia. The Company received authorization from the Ministry of Mines to commence construction and has begun waste rock mining. The mining partner, Nhwelmen-Lake, is mobilizing equipment and has initiated road and laydown construction. The Company is on track for ore delivery by October 2021 and anticipates revenue generation starting in November 2021 as operations proceed according to schedule.
Gold Mountain Mining Corp. has provided a construction update for its Elk Gold Mine in British Columbia, which is 100% owned by the company. Key highlights include receiving authorization from the Ministry of Mines for construction, the mobilization of Nhwelmen-Lake LP for site work, and the commencement of waste rock mining using gravel borrow. Ore delivery is anticipated in October 2021, with revenue expected by November. The company is adhering to aggressive timelines, aiming for large-scale operations after obtaining the final Mine Permit.
Gold Mountain Mining Corp. (TSXV:GMTN)(OTCQB:GMTNF) announced the release of its draft Mine Permit by the Ministry of Energy, Mines & Low Carbon Innovation. This crucial document confirms the company's progress toward securing the final Mine Permit necessary for production at the Elk Gold Mine.
CEO Kevin Smith highlighted the achievement as a testament to their management team's execution of aggressive timelines. The draft permit outlines conditions for construction, operation, monitoring, and financial assurance for the mine's development.
Gold Mountain Mining Corp. announced the receipt of a draft Mine Permit from the Ministry of Energy, Mines & Low Carbon Innovation for its Elk Gold Mine project. The draft permit aligns with the company's expectations and is a critical step towards final approval. CEO Kevin Smith expressed optimism about meeting the project timeline since going public. The draft includes monitoring, operating, and reclamation plans. Gold Mountain aims to secure additional authorizations without delays in production.
Gold Mountain Mining Corp. has executed three Memorandum of Understandings (MOUs) with Indigenous communities for the Elk Gold Project in British Columbia. These agreements aim to foster ongoing collaboration and ensure social and economic benefits. The company's mining contractor, Nhwelmen-Lake LP, a majority Indigenous-owned firm, is mobilizing for mine construction, projected to create 30 jobs and boost the local economy for the next decade. Gold Mountain emphasizes its commitment to strong relationships with Indigenous partners as it scales its operations.
Gold Mountain Mining has signed three Memorandum of Understanding (MOU) with Indigenous communities near the Elk Gold Project. These MOUs aim to foster long-term economic collaboration and engagement. CEO Kevin Smith highlighted the importance of these partnerships for project scaling. The agreements also include a mining contract with Nhwelmen-Lake LP, an Indigenous-owned company, which will start construction at Elk Gold, creating up to 30 job opportunities over the next decade. This initiative strengthens Gold Mountain's commitment to Indigenous investment in the Nicola Thompson region.
Gold Mountain Mining Corp. (GMTNF) released an updated preliminary economic assessment (PEA) for the Elk Gold Project, driven by an increased mineral resource estimate. The PEA projects an after-tax NPV of C$231 million and an annual production ramp-up from 19,000 ounces in the initial years to 65,000 ounces by Year 4. The project will utilize contract mining and an Ore Purchase Agreement with New Gold Inc. for processing. Notably, the PEA is preliminary and includes inferred resources, indicating uncertainty in mineral reserve status.
Gold Mountain Mining Corp. (GMTN) announced an updated preliminary economic analysis of the Elk Gold Project, revealing an after-tax NPV5% of C$231 million. Annual production is set to increase from 19,000 ounces in the first three years to 65,000 ounces from Year 4 to Year 11. The update follows a recent mineral resource increase and includes a fixed-price mining contract with Nhwelmen-Lake LP. The analysis indicates no onsite mineral processing, with ore delivered to New Gold's New Afton Mine. The PEA highlights potential profitability but caution is advised as inferred resources remain speculative.
Gold Mountain Mining Corp. has completed a significant milestone by making a $3,000,000 property payment to Equinox Gold for the Elk Gold Project. The total acquisition cost of $10,000,000 consists of a $1,000,000 deposit and a $9,000,000 interest-free loan. This payment addresses a major risk associated with the project. Gold Mountain plans to fund the remaining payments through proceeds from commercial production, with expectations to receive necessary mining permit amendments in late June 2021.
Gold Mountain Mining Corp. (TSX.V:GMTN, OTCQB:GMTNF) has announced a significant update to its National Instrument 43-101 Mineral Resource Estimate at the Elk Gold Project. Following a successful Phase 1 drill program, the updated resource now includes 651,000 oz of Measured & Indicated Resources at 6.1 g/t Au, a 43% increase, and 159,000 oz of Inferred Resource at 4.8 g/t Au, a 67% increase. The Phase 1 drill program comprised 8,739 metres and successfully intersected mineralization in all 41 holes. A detailed technical report will be available within 45 days.
