Gold Mountain Mining

Gold Mountain is a gold producer focused on the Elk Gold project in British Columbia. The project is now generating revenue through an ore purchase agreement with New Gold. Gold Mountain aims to scale up production from 19,000 oz/yr initially to 65,000 oz/yr by 2025. The Elk project benefits from proximity to infrastructure and New Gold's New Afton mill.

In 2021, Gold Mountain grew the Elk resource base significantly through four phases of drilling. Total Measured and Indicated resources sit at 806,000 oz AuEq with additional Inferred resources of 262,000 oz AuEq. The 2021 PEA outlined robust economics including a post-tax NPV of C$231 million and 35% IRR at base case gold prices.

Gold Mountain has also made a new high-grade discovery called the Elusive Zone on its claims. Upcoming exploration will follow up this target to expand resources. 

Gold Mountain offers direct exposure to gold production and resource growth in a top-tier jurisdiction. Near term catalysts include drill results and advancing permitting to increase approved production to the 65,000 oz/yr range.