Clifton Mining Company (OTCBB: CFTN) (Clifton) - "June 2026 Report"

Rhea-AI Summary

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.

Positive

• Desert Hawk sold 631 oz gold and 628 oz silver Jan–May 2026
• Average realized reference prices about $5,000/oz gold and $80/oz silver
• Estimated 1,379 recoverable ounces remain on leach pad at end of May 2026

Negative

• Only 411 recoverable ounces delivered to leach pad due to limited loading in January and February 2026

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AMERICAN FORK, Utah, June 16, 2026 /PRNewswire/ - Production and Metal Sales - Desert Hawk Gold Corp. ("Desert Hawk") has just released its mining and production report to the Company that includes the first five (5) months from January to May of 2026. During this period, Desert Hawk sold 631 ounces of gold and 628 ounces of silver, with the average price of gold around $5,000 per ounce and the average price of silver around $80 per ounce. (Note that given the expense of smelting, miners receive payments that are discounted from the market price.) There were 411 recoverable ounces delivered to the leach pad during this period, the lesser amount due to the absence of significant loading of the leach pad in January and February. Desert Hawk also estimate that at the end of May 2026, there are remaining 1,379 recoverable ounces on the leach pad.

Clifton trades on the OTC Markets under the symbol: "CFTN."

Note: Any statements released by Clifton Mining Company that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward looking statements invoke risk and uncertainties that may affect the company's business prospects and performance.

 

View original content:https://www.prnewswire.com/news-releases/clifton-mining-company-otcbb-cftn-clifton--june-2026--report-302801098.html

SOURCE Clifton Mining Company

FAQ

What did Clifton Mining (OTC:CFTN) report in its June 2026 production update?

Clifton Mining reported Desert Hawk’s January–May 2026 production and sales, including gold and silver ounces sold and recoverable ounces on the leach pad. According to Clifton Mining, this update covers 631 ounces of gold sold and 1,379 recoverable ounces remaining.

How much gold and silver did Desert Hawk sell for Clifton Mining (CFTN) in early 2026?

Desert Hawk sold 631 ounces of gold and 628 ounces of silver for the period January through May 2026. According to Clifton Mining, these sales reflect operations reported to the company in its June 2026 update for investors.

What were the average gold and silver prices in Clifton Mining’s June 2026 report?

The report cites average prices of about $5,000 per ounce for gold and $80 per ounce for silver. According to Clifton Mining, miners typically receive discounted payments versus market prices because of smelting expenses and related processing costs.

How many recoverable ounces are on Desert Hawk’s leach pad in Clifton Mining’s 2026 update?

Clifton Mining reports an estimated 1,379 recoverable ounces remaining on the leach pad at the end of May 2026. According to Clifton Mining, there were also 411 recoverable ounces delivered to the leach pad during January–May 2026.

Why were only 411 recoverable ounces delivered to the leach pad for Clifton Mining in early 2026?

The report notes that 411 recoverable ounces were delivered to the leach pad because there was no significant loading in January and February. According to Clifton Mining, this limited early activity affected total recoverable ounces placed during the period.

What does the June 2026 Desert Hawk production update mean for Clifton Mining (CFTN) investors?

The update provides detailed figures on gold and silver sales and remaining recoverable ounces, helping investors track operational activity. According to Clifton Mining, Desert Hawk’s report supports transparency around production metrics linked to the company’s mining interests.