Welcome to our dedicated page for Clifton Mining news (Ticker: CFTN), a resource for investors and traders seeking the latest updates and insights on Clifton Mining stock.
Clifton Mining Company (CFTN) is associated with the other precious metals and mining industry and trades on the OTC Markets under the symbol CFTN. The news flow around the company provides insight into its mineral properties in Utah’s historic Clifton Mining district, its investment in Desert Hawk Gold Corp., and its membership interest in American Silver, LLC.
News releases frequently cover operational updates from Desert Hawk Gold Corp., including gold and silver production from heap leach operations, sales volumes, and efforts to address ramp-up challenges. These updates often highlight how factors such as grades, recoveries, deposit geometry, and precious metals prices affect project performance. Investors following CFTN news can track how these operational details relate to Clifton’s reported investment in Desert Hawk.
Clifton Mining Company’s news also reports on distributions from American Silver, LLC, where Clifton is described as the largest single shareholder and a member. Announcements detail per-share distribution amounts, total cash distributed to Clifton, and commentary from American Biotech Labs, LLC, a wholly owned American Silver entity, on product sales trends and repeat ordering behavior.
Another recurring theme in CFTN news is corporate governance and shareholder activity. The company publishes annual meeting voting results, including director elections and auditor ratifications, and provides summaries of presentations given by directors, consultants, and executives of related entities. Separate shareholder communications have outlined efforts to call special meetings and propose new director slates, reflecting active engagement around board composition.
Clifton’s news releases also include updates on property acquisitions and geological assessments, such as the acquisition of additional leased acreage near Gold Hill, Utah, and summaries of consulting geologist reports identifying exploration targets and potential mineral deposits like wollastonite. Readers who follow CFTN news can use this page to monitor these operational, financial, and governance developments over time.
Desert Hawk Gold Corp. has secured a significant extension to its Kiewit mining lease from the Bureau of Land Management (BLM). This extension increases the total mineable material from 2 million tons to 10 million tons and raises the permitted mining rate by 75%, from 1 million tons to 1.75 million tons per year. Additionally, the area for mining has doubled, and the life of the mine has extended from 6 to 10 years. Recent production reports indicate that **819 ounces of gold** and **910 ounces of silver** were sold from August to November 2022, with **2,495 recoverable ounces of gold** remaining on the leach pad.
Clifton Mining Company has released its production report from Desert Hawk Gold Corp. for June and July 2022. In this period, the company sold 505 ounces of gold and 618 ounces of silver, while processing 11,821 tons of ore. Mining and crushing operations have ceased, but the heap leach pad continues, with an estimated 3,313 recoverable ounces of gold remaining. The company has engaged a consulting geologist to evaluate potential prospects amid expectations for an expansion permit this Fall.
Clifton Mining Company has released its production report for the three months ending May 31, 2022. During this period, Desert Hawk Gold Corp sold 765 ounces of gold and 767 ounces of silver and crushed 38,904 tons of ore, adding 324 recoverable ounces of gold. As of May, there are 3,713 recoverable ounces of gold on the leach pad. Production has been limited due to the current mining area constraints, but an expansion permit is anticipated later this year, potentially accelerating production. Clifton holds over 5.8 million shares in Desert Hawk.
Clifton Mining Company has declared a $0.10 per share distribution totaling $152,500 to its largest shareholder, American Silver, LLC. In January 2022, Desert Hawk Gold Corp reported sales of 261 ounces of gold and 286 ounces of silver. They crushed 13,307 tons of ore and added 137 recoverable ounces to the leach pad, with an estimation of 4,140 recoverable ounces of gold still remaining. However, production may be limited due to delays in obtaining an expansion permit, which has been pending for several years.
Clifton Mining Company announced a record production report from Desert Hawk Gold Corp for December 2021, selling 423 ounces of gold and 454 ounces of silver. They crushed 17,909 tons of ore and added 199 recoverable ounces to the leach pad, estimating 4,264 recoverable ounces of gold remaining. The company highlights its efficiency in mining during winter while awaiting project expansion permit approval. Clifton operates on OTC Markets under the symbol CFTN.
Clifton Mining Company has reported significant updates regarding its operations as of January 11, 2022. In November 2021, Desert Hawk Gold Corp sold 158 ounces of gold and 163 ounces of silver, while estimating 4,494 recoverable ounces of gold remaining on the heap leach pad. The project expansion permit is currently pending approval. Additionally, Clifton received a $0.13 per share distribution totaling $198,250 from its largest shareholder, American Silver, LLC.
Clifton Mining Company has received an updated report from Desert Hawk Gold Corp., revealing gold and silver production for September and October. In September, Desert Hawk sold 361 ounces of gold and 432 ounces of silver. In October, they sold 208 ounces of gold and 199 ounces of silver, while adding 19,601 tons of ore to the leach pad. They estimate 4,647 recoverable ounces of gold currently. Desert Hawk is awaiting project expansion permit approval and is actively drilling to increase reserves. Clifton Mining trades under the symbol CFTN.
Clifton Mining Company held its Annual General Meeting on October 22, 2021, announcing the re-election of directors and the appointment of an auditing firm. Despite challenges in the precious metals sector, the Company has over $2 million in cash and owns more than 5 million shares of Desert Hawk Gold Corp. Recent reports from Desert Hawk indicate the sale of 178 ounces of gold and silver, with additional permits expected to boost mining capacity. The Company has also launched a new website featuring geological reports and operational insights.
Clifton Mining Company announced production results from Desert Hawk Gold Corp. for August 2021. The company sold 280 ounces of gold and 175 ounces of silver recovered from the leach pad. In addition, 18,348 tons of ore were crushed and added, with an estimated 4,695 recoverable ounces of gold currently remaining on the pad. The average grade of the ore processed was reported at 0.0257 ounces per ton, representing an increase from historical averages. Clifton holds 5.81 million shares of Desert Hawk and owns the operational property.
Clifton Mining Company announced positive updates on its operations. Desert Hawk Gold Corp. reported selling 356 ounces of gold and 355 ounces of silver in July 2021, with an estimated 1,073 ounces of gold added to the leach pad. Notably, the average gold ore grade on the leach pad increased from 0.0166 to 0.0359 ounces per ton. Additionally, ABL Manufacturing completed a new 60,000 square foot facility for producing Silver Biotics® products. Clifton holds a 5.81 million shares stake in Desert Hawk and 17.5% in American Silver, LLC, trading under the ticker CFTN on OTC Markets.