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VANCOUVER, BC / ACCESSWIRE / May 27, 2021 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSXV:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to announce an updated preliminary economic analysis
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...