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ELEVATION GOLD MNG CORP - $EVGDF STOCK NEWS

Welcome to our dedicated page for ELEVATION GOLD MNG news (Ticker: $EVGDF), a resource for investors and traders seeking the latest updates and insights on ELEVATION GOLD MNG stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ELEVATION GOLD MNG's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Elevation Gold Mining (EVGDF) reports financial results for the year ended December 31, 2023, with total revenue of $66.4 million, an increase of 7% compared to 2022. The company produced 31,047 ounces of gold and 202,060 ounces of silver during the year. Income from mine operations before depreciation and depletion was $12.5 million. Cash costs per ounce of gold sold were $1,424, and all-in sustaining costs per ounce were $2,126. Despite challenges in production, the company saw steady improvement in results compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
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Rhea-AI Summary
Elevation Gold Mining (EVGDF) temporarily suspends royalty payments and silver stream delivery due to lower-than-expected production, facing legal action from Patriot Gold Corp. for unpaid amounts. The company aims to resolve the issue without litigation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.11%
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none
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Rhea-AI Summary
Elevation Gold Mining (EVGDF) reports Q1 2024 operating results, including 6,303 ounces of gold produced and 5,850 ounces sold. The Company experienced production challenges due to ore hardness and throughput issues but anticipates improvements for Q2 2024. The Reynolds Pit development is progressing well, supported by positive exploration results and gold price increases. Liquidity concerns led to discussions with Maverix Metals Inc. to restructure obligations. Maverix Debt consolidation was announced, and a director resigned.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-38.94%
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Rhea-AI Summary
Elevation Gold Mining Corporation reports positive assay results for 35 RC holes in the Reynolds Pit and Mordor Pit areas. The drilling intersected significant zones of gold mineralization, with some holes showing high-grade gold and silver content. The company plans to update its NI43-101 report and explore further to define the extent of mineralization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.51%
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none
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Rhea-AI Summary
Elevation Gold Mining Corporation (ELVT) Announces Q4 2023 Operating Results and Fiscal Year Highlights
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.95%
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-
Rhea-AI Summary
Elevation Gold Mining Corporation (TSXV: ELVT) (OTCQX: EVGDF) has announced the issuance of common shares to satisfy its obligation to pay C$169,129 in interest accrued on the C$6.71 million convertible debentures. Each debenture holder will receive approximately 24.01 common shares per $100 principal amount of debentures held as of the interest payment record date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.11%
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none
Rhea-AI Summary
Elevation Gold Mining Corporation (ELVT) Announces Strong Financial Results for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
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Rhea-AI Summary
Elevation Gold Mining Corporation announces production results for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.94%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
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management
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
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ELEVATION GOLD MNG CORP

OTC:EVGDF

EVGDF Rankings

EVGDF Stock Data

6.38M
90.74M
1.54%
18.78%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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