Latest news with #GoldMountain
South China Morning Post
20-05-2025
- Business
- South China Morning Post
China's Zijin Mining opens gold and copper stock fund to Hong Kong investors
Gold Mountain Asset Management, an overseas unit of China's Zijin Mining Group, has opened its gold and copper-focused fund to professional investors in Hong Kong seeking to tap into the upbeat sentiment for these metals. The wholly owned unit of one of China's largest gold and copper miners previously sourced investments from within the group's companies and its employees. 'We are bullish on gold, because the price will be supported by ongoing geopolitical uncertainties and unresolved trade frictions,' Lisa Liu Sha, managing director and portfolio manager of Hong Kong-based Gold Mountain, said in an interview last week. Gold could hit US$4,000 an ounce this year due to a weakening US dollar and rising demand from investors and central banks for the precious metal, she said. Zijin Mining Group's copper mine in Shanghang county in south China's Fujian province. Photo: AP The price of the precious metal rose 0.7 per cent to US$3,223.55 on Monday after Moody's Ratings on Friday downgraded the US government's credit rating to Aa1 from Aaa, citing successive administrations' inability to cut the budget deficit. The dollar also fell.
Yahoo
14-05-2025
- Business
- Yahoo
Gold Mountain Provides Update On Elk Mine Project
VANCOUVER, BC / / May 14, 2025 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) provides an operational update regarding its Elk Mine project. Elk Mine Update Low production results realized during the Q3 and Q4 reporting periods were directly attributable to the planned winter work program, which substantially reduced operations throughout the quarter. As a result, production from the Elk Gold Mine was at a reduced activity level. The Company has commenced an internal review of its National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant independent Technical Report for the Elk Mine titled "National Instrument 43-101 Technical Report and Resource Update on the Elk Gold Project, Merritt, British Columbia, Canada" prepared by L. John Peters, Gregory Z. Mosher, and Marinus Andre De Ruijter, P. Eng, each an independent "Qualified Person" as defined in NI 43-101, with an effective date of December 7, 2021, and a report date of January 21, 2022 (the "Technical Report"). Accordingly, readers are cautioned to not place undue reliance on the Technical Report or the resource estimate included therein until the Company has completed and reported on those activities. Initial quality checks on historical works and findings including random sample re-logging of historical drill core; and evaluating existing drill core data has determined the need for a complete relogging of all core data. The Company anticipates completing the relogging by September 2025 and will provide an update in due course. Gold Mountain also anticipates receiving the results of exploration drilling which has commenced on the "Bullion Zone", an area located immediately north of the Siwash Pit. Preliminary observations support additional exploitation and expansion of the existing operational plan for that location. In light of recent findings Elk Gold Mine will reduce production operations substantially until such time as the relogging work is complete together with a new Mine Plan, MRE and 43-101. About Gold Mountain Gold Mountain is a British Columbia based gold and silver production, exploration and development company focused on the development of the Elk Gold Mine, a producing mine located 57 kilometers from Merritt in South Central British Columbia. Additional information is available at or on the Company's new website at For more information, please contact: Gold Mountain Mining info@ The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. Forward Looking Statements Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company's future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise. SOURCE: Gold Mountain Mining Corp View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
18-03-2025
- Business
- Associated Press
Gold Mountain Announces Change in Financial Year-End
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / March 17, 2025 / Gold Mountain Mining Corp. (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) ('Gold Mountain' or the 'Company') announces that it is changing its financial year-end from January 31 to March 31. The Company is changing its financial year-end to better align the Company's financial statement and continuous disclosure requirements with its industry peers, as well as its other external reporting obligations. As a result, the Company expects to file its annual disclosures in late June 2025 for the 14 months ended March 31, 2025, including audited financial statements and in accordance with National Instrument 51-102 - Continuous Disclosure Obligations ('NI 51-102"). Further details regarding the change in financial year-end, including the Company's interim reporting procedures, will be available in the Company's Notice of Change of Financial Year- End, prepared in accordance with section 4.8 of NI 51-102, which will be filed on the Company's profile on SEDAR+ at About Gold Mountain Mining Gold Mountain is a British Columbia based gold and silver exploration and development company focused on the Elk Gold Project, a producing mine located 57 KM from Merritt in South Central British Columbia. Additional information is available at or on the Company's website at For further information, please contact: Gold Mountain Mining Corp. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. Forward-Looking Statements Forward-looking statements in this news release may include, but are not limited to, statements relating to those in respect of the Company's future financial reporting. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
