Gold Mountain Mining is a paying customer of Resource Talks.
I didn’t expect this company to get thus far when I first spoke to Kevin, their CEO, about a year or so ago.
He told me he wanted to ramp up production and start selling ore within 12 months, to then use the money to grow the project and grow the company from there on with as little dilution as possible.
“Yeah, I’ve heard that before”, I thought.
Well, my main concern was that this is too small to matter, and that cash flow is an “if” question, rather than a “when” question. Since then, however, the company has managed to more than double the size, and it’s started generating substantial revenue, with $3M projected for March and another +$3M projected for April.
The next few things I’m looking out for is, first of all, what’s happening with the indigenous people over there, and I’m keeping an eye on marketing expense + team pay, as I expect both of those to ramp up in the coming years, hopefully not too much.
Gold Mountain has just received its first payment from New Gold, and it’s a big deal.
This company sells ore to another gold company that has an on-site mill. GMTN plans on using the money generated that way to expand the business.
It’s a big deal because this was their strategy all along, and it’s now coming to fruition.
They just received $548,862 for the first month of deliveries.
Gold Mountain is forecasted to deliver 1,650 oz Au for the month of March, and another 1,650 oz for the month of April, translating to anticipated revenues of approximately $6,000,000.
As of March 17th, the Company has already delivered 1,100 oz gold.
About Gold Mountain Mining
Gold Mountain is a British Columbia based gold and silver exploration and development company focused on resource expansion at the Elk Gold Project, a producing mine located 57 KM from Merritt in South Central British Columbia. Additional information is available at www.sedar.com or on the Company’s new website atwww.gold-mountain.ca.
For Further information, please contact: