NIA is excited to officially announce Gold Mountain Mining (TSXV: GMTN) as its #1 favorite near-term Canadian gold producer! GMTN is currently $2.18 per share and recently obtained a U.S. OTCQB listing under the symbol GMTNF!
NIA's most recent gold stock suggestion from May 3rd was Nevada King Gold (TSXV: NKG), which NIA announced at a price of $0.47 per share. Over the following week, NKG rallied by 78.72% to hit a new all-time high on May 10th of $0.84 per share and traded extremely strong six-day volume totaling 10,146,000 shares!
GMTN is a newly public gold explorer that is set to become British Columbia's next high grade producer of gold at the company's 100% owned past producing Elk Gold Project! GMTN received its Notice of Departure to begin mine construction on April 29th! GMTN began construction this month and is on track to launch ore mining and delivery to its ore purchase partner New Gold Inc (NGD) in the fourth quarter of 2021!
This morning, GMTN announced the release of its updated PEA which gives the Elk Gold Project an after-tax Net Present Value of CAD$231 million! GMTN's estimated gold all in sustaining costs (AISC) are an extremely low US$554 per troy oz!
GMTN's measured & indicated resource increased by 43% to 651,000 oz gold equivalent grading 6.1 g/t gold equivalent! In addition, GMTN's inferred resource increased by 67% to 159,000 oz gold equivalent grading 4.8 g/t gold equivalent!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from GMTN of USD$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.