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Gold Mountain Mining Corp. ( (TSE:GMTN) ) has issued an announcement.
Gold Mountain Mining Corp. has announced a temporary halt of regular operations at its Elk Gold Mine to concentrate on resource development and updating resource models. This cessation, lasting between four to twelve months, is part of an internal review process and includes relogging and resampling of core materials to enhance data accuracy. The company aims to complete these efforts by October 2025, which will lead to the development of a new Preliminary Economic Assessment and a 43-101 Technical Report. This strategic pause is expected to refine the company’s resource estimates and potentially strengthen its market position.
More about Gold Mountain Mining Corp.
Gold Mountain is a British Columbia-based company specializing in gold and silver production, exploration, and development, with a focus on the Elk Gold Mine located near Merritt in South Central British Columbia.
Average Trading Volume: 600,251
Technical Sentiment Signal: Sell
Current Market Cap: C$8.02M
For an in-depth examination of GMTN stock, go to TipRanks’ Overview page.