Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Production Update"

Rhea-AI Summary

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.

Positive

• Generated over $500,000 in gold sales in past month
• Strong gold prices supporting project success
• Management team has track record of bringing projects to profitable production
• Plans for staff expansion and production ramp-up

Negative

• Facing normal ramp up operational challenges
• Project success dependent on uncertain factors like grades, recoveries, and deposit geometry

News Market Reaction

+19.33%

1 alert

+19.33% News Effect

On the day this news was published, CFTN gained 19.33%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AMERICAN FORK, Utah, July 1, 2025 /PRNewswire/ - Production Update – As announced in April 2025, Desert Hawk Gold Corp. had started mining and loading the heap leach pad once again and has now sold just over a half million dollars worth of gold in the past month or so. At this point, they are looking to expand staff and ramp up production as they work through the normal ramp up operational challenges. It should be remembered that grades, recoveries, and the geometry of the deposit will play a major role, however the continued strength of the price of gold is a huge contributor to the project's success. Desert Hawk's management team has a track record of bringing such projects into profitable production. Clifton Mining's management believes that Desert Hawk is up to the challenge.

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--production-update-302495050.html

SOURCE Clifton Mining Company

FAQ

How much gold revenue has Desert Hawk Gold Corp generated for Clifton Mining (OTCBB: CFTN) in recent operations?

Desert Hawk Gold Corp has generated over $500,000 worth of gold sales in approximately the past month since resuming operations.

When did Desert Hawk Gold Corp resume mining operations for Clifton Mining (OTCBB: CFTN)?

Desert Hawk Gold Corp resumed mining and heap leach pad loading operations in April 2025.

What are the main challenges facing Clifton Mining's (OTCBB: CFTN) current gold production?

The company is working through normal ramp up operational challenges and success depends on factors including grades, recoveries, and deposit geometry.

What are Clifton Mining's (OTCBB: CFTN) plans for production expansion?

The company plans to expand staff and ramp up production while working through operational challenges.

What factors are supporting Clifton Mining's (OTCBB: CFTN) gold project success?

The project is supported by strong gold prices and Desert Hawk's management team's track record of bringing similar projects to profitable production.