Gold Mountain Mining Corp. is pleased to announce that Silver Crown Royalties Inc. has exercised the top up option to increase its royalty from 45% of the aggregate gross proceeds of silver sold from the Company's Elk Gold Project to 90% . To exercise the Top Up Option, SCR paid the Company $1,250,000 in cash and increased the contingent Production Bonuses by an additional $2,000,000. Details of the Royalty Purchase [...]
Gold Mountain Mining Corp. is pleased to announce it has made its final $3,000,000 property payment to Sandbox Royalties Corp. discharging all obligations owed relating to the Company's original purchase of the Elk Gold Project. The Company originally acquired the Elk Gold Project in May 2019 for $10,000,000 from Equinox Gold Corp. for a $1,000,000 cash deposit and a $9,000,000 interest-free promissory note . Equinox [...]
Gold Mountain Mining Corp. is pleased to announce it has entered into a royalty purchase agreement with Silver Crown Royalties Inc. whereby,the Company sold to SCR a royalty on 45% of the aggregate gross proceeds of silver sold from the Company's Elk Gold project located in British Columbia, Canada for consideration of up to $3,300,000. SCR has an option to increase the Royalty Percentage to 90% in the next ten business [...]
Gold Mountain Mining Corp. is pleased to report its Q4 2023 and FY 2023 financial and operating results. The Company's Annual Financial Statements, Management's Discussion and Analysis , and Annual Information Form, for the year ended January 31, 2023, are available for download on SEDAR and the Company's website. All amounts are expressed in Canadian dollars unless otherwise noted. Q4 2023 Highlights Q4 2023 saw the [...]
Gold Mountain Mining Corp. is pleased to provide an operational and corporate update. Highlights: The Company continues to improve operations at the Elk Gold Project, generating approximately $2.3M CAD of revenue in January 2023 with an adjusted EBITDA1 of approximately $725k. A total of 1,164 AuOz and 1,183 AgOz were delivered to New Gold Inc.'s New Afton Mine with an average head grade of 6.04 g/t Au and 6.15 g/t Ag [...]
Gold Mountain Mining Corp. is pleased to report its third quarter FY2023 summary financial and operating results. The Company's interim financial statements and related management's discussion and analysis for the three and nine months ended October 31, 2022, are available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars , unless otherwise noted. "After wrapping up our [...]
Gold Mountain Mining Corp. announces a correction to its press release dated September 14, 2022. This corrective press release now discloses the true width of the intercepts, QA/QC measures, analytical procedures related to its Phase III drill results and that all assays were conducted at Actlabs in Kamloops BC. There is no correction to the results of the drill program. Highlights: The Company received all assay results [...]
Gold Mountain Mining Corp. is pleased to report its second quarter FY2023 summary financial and operating results. The Company's interim financial statements and related management's discussion and analysis for the three and six months ended July 31, 2022, are available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars , unless otherwise noted. "Since acquiring the project [...]
Gold Mountain Mining Corp. reports its first-quarter 2022 summary financial and operating results. The Company's interim financial statements and related management's discussion and analysis for the three months ended April 30, 2022, is available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian dollars , unless otherwise noted. Highlights Gold Mountain achieved $3,706,423 in [...]
Gold Mountain Mining Corp. is pleased to announce that it has closed its previously announced bought deal public offering of 14,800,000 units of the Company at a price of $1.25 per Unit for aggregate gross proceeds of $18,500,000. In connection with the Offering, Eight Capital acted as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Canaccord Genuity Corp. and Research Capital [...]
Gold Mountain Mining Corp. announced today that it has entered into an amended agreement with Eight Capital, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the Underwriters have now agreed to purchase, on a bought deal basis, 14,800,000 units of the Company at a price of $1.25 per Unit for aggregate gross proceeds of $18,500,000. Each Unit consists of one common share [...]
Gold Mountain Mining announced today that it has entered into an agreement with Eight Capital, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 9,600,000 units of the Company at a price of $1.25 per Unit for aggregate gross proceeds of $12,000,000. Each Unit consists of one common share in the capital of [...]
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