Clifton Mining Company reports mining-property, investment-distribution and governance developments under the OTC Markets symbol CFTN. Company updates focus on its owned and leased property position near Gold Hill, Utah in the historic Clifton Mining district, production-related reports involving Desert Hawk Gold Corp., and distributions received through its membership interest in American Silver, LLC.
Recurring announcements also cover annual meeting voting results, director elections, auditor ratifications, board changes, and updates tied to American Silver entities such as American Biotech Labs. The company’s news flow is centered on mineral-property activity, related-company operating updates, distributions, and shareholder governance matters.
Clifton Mining Company (CFTN) shareholders approved director elections and a change to majority voting at the September 24, 2026 annual meeting. Jessica Marr, Jerry L Wilhelm and Clifford L. Reid were elected to terms expiring in 2029. Shareholders also ratified Sadler, Gibb & Associates as auditor and approved the 2026 Stock Option Plan. The bylaw change from plurality to majority voting received approximately 91% support.
Clifton's position in Desert Hawk was reduced to around 9% in Desert Hawk's refinancing. Clifton is considering another agreement to develop the Clifton Shear Zones, but project financing remains uncertain. Clifton identified negative cash flows and a need to explore additional cash-flow opportunities. American Biotech Labs, owned by American Silver, in which Clifton is a member, expects 2026 product sales to exceed last year's.
Clifton Mining Company (CFTN) reported production and metal sales from Desert Hawk Gold for June–August 2026, based on Desert Hawk’s mining and production report.
During this period, Desert Hawk sold 427 ounces of gold and 935 ounces of silver. The reported three‑month average prices were $4,276 per ounce of gold and $63.19 per ounce of silver, with miner payments discounted from market prices due to smelting costs. Desert Hawk also estimates 1,701 recoverable ounces remaining on the leach pad at the end of August 2026. Clifton trades on the OTC Markets under the symbol CFTN.
Clifton Mining (OTC: CFTN) reported Desert Hawk Gold’s production and sales for January–May 2026. Desert Hawk sold 631 ounces of gold and 628 ounces of silver, at average prices of about $5,000/oz gold and $80/oz silver, before smelting discounts.
During the same period, 411 recoverable ounces were delivered to the leach pad, with 1,379 recoverable ounces estimated remaining on the leach pad at the end of May 2026.
Clifton Mining Company (OTCBB: CFTN) announced the passing of board member K. Bruce Jones. Mr. Jones served on the board beginning in the 1990s, was a long-time shareholder, and was re-elected to the board in October 2025. The company expressed that his knowledge, experience, kindness, and professional demeanor will be missed by all.
No financial data, governance changes beyond the announcement, or operational impacts were disclosed. Clifton reiterated that forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995.
Clifton Mining Company (OTCBB:CFTN) announced a December 2025 distribution and provided a production update.
Distribution: American Silver, LLC declared a $0.12 per member share distribution that totaled $220,810 paid to Clifton, which is described as Clifton's largest single shareholder owning just over 20%.
Production: Desert Hawk Gold Corp. reported gold production running about 4 oz ± per day while a prospective buyer's representative reviews operations on site and management works to resolve the causes of the slowdown.
Clifton Mining Company (OTCBB: CFTN) reported the results of its annual meeting held October 17, 2025 in Alpine, Utah. Shareholders elected all six director nominees, with affirmative votes (from ~64% quorum of shares voted) ranging from 65% to 89%. Shareholders also ratified the appointment of Sadler, Gibb & Associates as independent auditors with approximately 90% approval.
Operational updates included Desert Hawk operations producing about 6 ounces of gold per day and being described as cash flow positive. A sales report from American Biotech Labs (an American Silver member) noted 2025 product sales ahead of last year and Amazon repeat-purchase rates near 70% for first-time users. The meeting adjourned around 2:30 pm.
Clifton Mining Company (OTCBB: CFTN) provided an update on Desert Hawk Gold Corp.'s mining operations. Desert Hawk has generated over $500,000 in gold sales in approximately the past month since resuming mining and heap leach pad loading operations in April 2025.
The company is currently working through operational challenges while planning to expand staff and increase production. Desert Hawk's management team, known for successfully bringing similar projects to profitable production, is navigating factors including grades, recoveries, and deposit geometry. The company notes that strong gold prices are significantly contributing to the project's potential success.
Clifton Mining Company (CFTN) has announced the passing of board member Stanley J. Cutler. Cutler, who was a long-time shareholder of the company, joined the board of directors in fall 2023 and was re-elected in 2024. He also served on the audit committee after being appointed earlier this year.
Clifton Mining Company (CFTN) has reported several significant developments in its December 2024 update. Desert Hawk Gold Corp. has successfully emerged from chapter 11 bankruptcy with case dismissal. The company has expanded its land holdings by acquiring an additional 640 acres near Gold Hill, Utah, for an initial lease amount under $4,000, bringing total owned and leased property to 14,667 acres. Additionally, American Silver, has declared a distribution of $0.13 per share, resulting in a payment of $239,210.92 to Clifton Mining Company as its largest shareholder.
Clifton Mining Company (OTCBB: CFTN) held its annual meeting on October 11, 2024, at Fox Hollow Golf Club in American Fork, Utah. Shareholders approved the election of two director nominees, Stanley J. Cutler and Robert J. Holladay, each receiving over 66% of votes. The appointment of MAC Accounting Group, LLP as independent auditors was ratified with 91% approval.
Paul Schwitzer from American Biotech Labs reported a 20% increase in product sales for 2024 compared to 2023, with profit margins rising to 15%. Amazon sales have grown significantly, and 70% of first-time users have reordered products. Jerry North, consulting geologist, presented findings on Clifton properties, identifying five areas for further exploration and potential Wollastonite deposits.