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19,000oz annual production (Years 1-3) expanding to 65,000oz annual production (Years 4-11) Increased cost certainty over September 2020 PEA through executed:Construction and Mining Contract with Nhwelmen-Lake LPOre Purchase Agreement with New Gold Inc. Revised mine plan eliminates construction of an onsite mill and incorporates underground mining Elk Gold Project PEA Summary The PEA contemplates an initial 19,000 ounce per year mine that ramps up to 65,000 ounces of annual production by Year 4. The pre and post tax NPV (5% discount) are $395M and $231M, respectively. The PEA contemplates tha...

Gold Mountain Updates Mineral Resource Estimate at the Elk Gold Property ACCESSWIRE 14 May 2021, 17:43 GMT+10 VANCOUVER, BC / ACCESSWIRE / May 14, 2021 / Gold Mountain Mining Corp. ('Gold Mountain' or the 'Company') (TSX.V:GMTN, OTCQB:GMTNF, Frankfurt: 5XFA) is pleased to announce an updated National Instrument 43-101 Mineral Resource Estimate following the conclusion of its Phase1 drill program at the Elk Gold Project. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure. Highlights: Gold Mountain increases its resource estim...

Gold Mountain Mining Corp: Gold Mountain Updates Mineral Resource Estimate at the Elk Gold Property VANCOUVER, BC / ACCESSWIRE / May 14, 2021 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX.V:GMTN, OTCQB:GMTNF, Frankfurt: 5XFA) is pleased to announce an updated National Instrument 43-101 Mineral Resource Estimate following the conclusion of its Phase1 drill program at the Elk Gold Project. An updated technical report will be filed on the Company's website and SEDAR within 45 calendar days of this disclosure. Highlights: Gold Mountain increases its resource estimate at its...

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Gold Prices Maintain Traction as Economies Begin Recovery - FinancialBuzz.com News Commentary Share this article Share this article NEW YORK, May 14, 2021 /PRNewswire/ -- Gold prices breached the USD 1,800 mark earlier this month, for the first time since February. Despite the recovering economy and lower number of COVID-19 cases in the U.S., the government is still injecting liquidity into the financial system, as fiscal and monetary stimuli are being implemented. These measures, which are meant to help bring the economy back to pre-pandemic highs, have consequences, specifically the devalu...