Gold Mtn Mng Stock Price, News & Analysis

Gold Mountain Mining Corp. has received conditional approval from the Toronto Stock Exchange (TSX) to list its common shares, planning to voluntarily delist from the TSX Venture Exchange (TSXV). The transition aims to enhance liquidity and attract institutional investors. The Company also filed a preliminary base shelf prospectus allowing offerings up to C$50 million over 25 months, with a current cash position of $14.9 million. This positive momentum follows a shift from being an exploration company to a near-term gold producer, with expectations for commercial production shortly.

Gold Mountain Mining Corp has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX) following a productive 10 months on the TSXV. The company plans to voluntarily delist from the TSXV, enhancing liquidity and accessibility for institutional investors. Additionally, a preliminary base shelf prospectus has been filed, allowing potential offerings up to C$50 million over 25 months, though no immediate fundraising is planned. The company reported a healthy cash position of C$14,931,106.

Gold Mountain Mining Corp. has received its M-199 Mining Permit from the Ministry of Energy, Mines & Low Carbon Innovation Communications Office after 18 months of regulatory processes. The company will commence mining at the high-grade 1100 and 1300 vein systems, with the first delivery to New Gold Inc. expected in November. Year 1 projections indicate an after-tax profit of $10 million, with anticipated annual production of 19,000 oz of gold. This milestone marks a significant transition for Gold Mountain from exploration to production.

Gold Mountain Mining Corp. has received its M-199 Mining Permit from the Ministry of Energy, Mines & Low Carbon Innovation after 18 months of regulatory efforts. The company plans immediate mining of the high-grade 1100 and 1300 vein systems at historical pit 2, with expectations to achieve commercial production in November. Anticipated annual after-tax profit for Year 1 is $10 million. The first mineralized material delivery to New Gold Inc. is expected in late Q4 2021, marking a significant milestone for the company.

Gold Mountain Mining Corp. has released a follow-up regarding its previous announcement on the M-199 Mining Permit amendment. The company apologized for any language perceived as dismissive to Indigenous Nations and acknowledged their decision-making processes. Gold Mountain emphasized its commitment to build relationships with affected communities and engage in consultations. The press release also highlights the importance of the Environmental Assessment Act for future project expansions. Despite challenges from the pandemic and other regional issues, the company is focused on respectful collaboration.

Gold Mountain Mining Corp. has announced that the Ministry of Energy, Mines & Low Carbon Innovation Communications Office has received final comments on the draft mine permit from local communities and the Mine Review Committee. EMLI will now draft and submit the final permit for approval. The company anticipates the permit will be submitted in approximately two weeks, allowing for ore delivery to New Gold's New Afton Mine in October. Development is ongoing, with waste rock mining and high-grade mineralization exposure underway, aiming for production later this year.

Gold Mountain Mining Corp. (TSXV:GMTN)(OTCQB:GMTNF) announced high-grade assay results from its Phase 2 drill program at the Elk Gold Project in Merritt, BC. The results include significant grades, such as 17.3g/t Au over 1.0m and 13.9g/t Au over 1.3m, indicating strong vein continuity. The program aims to expand resources in the Siwash North zone and possibly reach a million ounces of gold by fall. The company is also re-logging historical core samples and conducting a soil survey in the Elusive zone, which shows potential for additional discoveries.

Gold Mountain Mining Corp. has announced promising assay results from its Phase 2 drill program at the Elk Gold Project near Merritt, BC. These results extend the mineralized zones and showcase significant gold grades, including 1.0m at 17.3g/t Au and 1.3m at 13.9g/t Au. The company aims to increase its resource estimate to 1 million ounces by fall 2021, focusing on high-grade veins. The ongoing exploration includes a geochemical survey in the Elusive Zone, indicating potential for new discoveries. Gold Mountain aims to connect mineralization across zones in its ambitious 10,000m drill program.

Gold Mountain Mining Corp. (GMTNF) provided a corporate update, highlighting its rapid transformation into a near-term gold producer. Key achievements include a 49% increase in total mineral resources to 651,000 ounces, an after-tax NPV_5% of C$231M, and plans to begin ore mining by September. The company has closed a $10M private placement and received regulatory approvals for construction. Forecasts suggest reaching 1,000,000 ounces in mineral resources and commencing revenue generation by November 2021. Mine construction has officially begun.