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.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ELEVATION GOLD MNG's position in the market.
Elevation Gold Mining Corporation (OTCQX: EVGDF) has issued 181,667 shares to Iconic Minerals Ltd. as part of the Hercules Gold Project Option Agreement. This agreement, originally established on August 9, 2019, has undergone amendments, the latest being on February 12, 2021. Elevation focuses on gold production in Nevada and Arizona, with a strategy to expand production at the Moss Mine while exploring the Hercules Gold Project. The company aims to combine cash flow, production, and exploration potential.
Elevation Gold Mining Corporation (OTCQX: EVGDF) has announced significant updates, including the commencement of its 2022 exploration drilling program at the Moss Mine in Arizona. The company is utilizing two reverse circulation drill rigs to explore new targets and expand resources. Additionally, Elevation has received DTC approval for its shares, enhancing liquidity for U.S.-based investors. Furthermore, the company has entered a short-term agreement with Maverix Metals Inc., securing an upfront payment of US$6 million while committing to deliver refined gold until June 2023.
Elevation Gold Mining Corporation (OTCQX: EVGDF) announced the appointment of Tim J. Swendseid as Chief Operating Officer. With over 35 years of global mining experience, he previously held senior positions at Boroo Mining and CMOC International. Michael G. Allen, President, emphasized Tim's results-driven leadership and expertise in unlocking value at the Moss Mine. Additionally, the company granted stock options for 800,000 shares at C$0.86 each to employees and consultants for five years. Elevation Gold continues its growth strategy focused on production expansion and exploration in Nevada and Arizona.
Elevation Gold Mining reported positive results from its drilling program at the Moss Mine in NW Arizona. Key findings include significant gold and silver grades from various drillholes, including AR21-535R, which intersected 45.72 meters of 1.17 g/t gold and 12.53 g/t silver. The drilling program aims to expand resources, particularly in the East Extension area and Gold Bridge area, with potential to amalgamate existing pits. The company plans to enhance its drilling efforts in 2022 to further explore these promising results.
Elevation Gold Mining Corporation (OTCQX: EVGDF) announced the appointment of Paulo Santos as Chief Financial Officer and Shayla Forster as Corporate Secretary. Mr. Santos brings over 20 years of financial management and mining industry experience, previously serving at Calibre Mining Corp. and Northern Empire Resources Corporation. His leadership is expected to enhance the company’s financial activities as they develop their projects in the Walker Lane Gold Trend.
Elevation Gold Corp. (OTCQX: EVGDF) reported a revenue of $12.1 million for the quarter ending September 30, 2021. The earnings from mine operations reached $2.9 million, with a production of 7,209 gold equivalent ounces. Cash costs were $1,316 per ounce sold, while the All In Sustaining Cost (AISC) was $1,643 per ounce. The company experienced a successful ramp-up of Heap Leach Pad 3A and completed a significant share consolidation. Exploration efforts yielded promising results, enhancing resource estimates by 36%.
Elevation Gold Mining Corporation (OTC: EVGDF) announced the departure of CFO David Splett, effective November 29, 2021. Mr. Splett is leaving to pursue another opportunity, and the company is currently in the process of selecting a replacement before his departure. Elevation Gold focuses on gold production and exploration in Nevada and Arizona, highlighting its plans to expand production at the Moss Mine and explore the Hercules Project. The company expresses confidence in its succession planning and ongoing strategic goals.