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

Desert Hawk Gold reports summer 2026 sales volumes and average realized prices, plus remaining recoverable ounces on the leach pad.

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Rhea-AI Summary

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.

Positive

Gold sales of 427 ounces for June–August 2026
Silver sales of 935 ounces for June–August 2026
Estimated 1,701 recoverable ounces remaining on the leach pad at end of August 2026

Negative

None.

Argus Sep 17 session

+7.08% close to close 14.4x rel. volume Open Argus

Details

News Market Reaction – CFTN

On Sep 17, the first trading day after this news, CFTN closed 7.08% above the previous close. That session’s volume was 14.4x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Sep 17 session.

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09/15/2026 - 07:00 AM EDT

AMERICAN FORK, Utah, Sept. 15, 2026 /PRNewswire/ -- Production and Metal Sales - Desert Hawk Gold Corp. ("Desert Hawk") has released its mining and production report to the Company for the period from June to August of 2026. During this period, Desert Hawk sold 427 ounces of gold and 935 ounces of silver, with the reported average price of gold for the past three (3) months at $4,276 per ounce and the reported average price of silver for the past three (3) months at $63.19 per ounce. (Note that given the expense of smelting, miners receive payments that are discounted from the market price.) Desert Hawk also estimates that at the end of August 2026, there are 1,701 recoverable ounces remaining 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--september-2026-report-302878407.html

SOURCE Clifton Mining Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How does smelting expense affect Desert Hawk’s payments for gold and silver?

The company notes that, given the expense of smelting, miners receive payments that are discounted from the market price for their gold and silver.

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