Gold Mountain Mining CEO Kevin Smith: Driving Towards Production – Fully Cashed up and Primed to Produce

Precious Metals
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“We want to show the market that this asset has the potential for scale,” Gold Mountain Mining CEO Kevin Smith said.

Gold Mountain Mining (TSXV:GMTN) recently closed its C$10 million brokered private placement, and CEO and Director Kevin Smith is positive the transaction will position the company as Canada’s next gold producer. 

The offering was led by Canaccord Genuity and Gravitas Securities. According to Smith, the funding allows Gold Mountain Mining to keep drilling and de-risks the Equinox property payment of C$3 million, which is due in May. 

“It allows us to keep the drills turning, which is extremely important to us,” he shared. “We want to show the market that this asset has the potential for scale, and obviously, when you’re going through your baseline event of environmental and permitting work, that can be costly.” 

Smith also set an aggressive timeline. “We want our permit by the end of April, early May, and we want to be in construction in June, waste drop mining in July or August and we want to be ore mining in September with a goal of delivering or to New Afton in October or November.” 

Gold Mountain Mining is developing the highly prospective Elk gold project in South-central British Columbia and has recently entered into an Ore Purchase Agreement with New Gold for a three-year term. Under the agreement, Gold Mountain will deliver 70,000 tonnes of ore per annum to New Gold’s New Afton mine in Kamloops, BC. 

Watch the video above for the full interview.

This interview is sponsored by Gold Mountain Mining (TSXV:GMTN). This interview provides information which was sourced by the Investing News Network (INN) and approved by Gold Mountain Mining in order to help investors learn more about the company. Gold Mountain Mining is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Gold Mountain Mining and seek advice from a qualified investment advisor.

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