Highlights
The Company continues to improve operations at the
A total of 1,164 AuOz and 1,183 AgOz were delivered to
Cash costs2 for January were approximately
The Company has now seen four consecutive months of improved grade with January being the Company's best month since operations began in
January Mining
In January, the Company continued to see operational improvements at the
The Company will continue refining its ore control practices as it progresses into the next phases of the mine plan. February tonnages delivered to New Afton were impacted by weather conditions, although production samples received to date continue to show improvements to the mine's head grade.
Management Updates
The Company has engaged
The Company is pleased to announce the appointment of
About
Gold Mountain is a
Contact:
Tel: 778.262.0933
Email: IR@gold-mountain.ca
Web: www.gold-mountain.ca
Forward-Looking Statements
This includes certain 'forward-looking statements' under applicable Canadian securities legislation. Forward- looking statements include statements that are based on assumptions as of the date of this news release and are not purely historical including any information relating to statements regarding beliefs, plans, expectations or intentions regarding the future and often, but not always, use words or phrases such as 'expects' or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'estimates' or 'intends', or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements in this press release include the anticipated increase in gold grade being delivered for the month of February, the preliminary figures for EBITDA, cash costs and AISC. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties including permit uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold and the results of current exploration. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gold Mountain disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
(C) 2023 Electronic News Publishing, source