The dollar is showing some very concerning warning signs regarding the usual fairly close correlation between the US Deficit to GDP ratio. Considering the massive drop it's entirely possible the dollar continues to drop hard in the coming months. The worst part is the money printing is showing no signs of slowing [ Ссылка ]
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Gold has been performing very strongly as the value of the dollar slides and it's likely more investors will be looking for safety. Gold Mountain has a 100% interest in the Elk Gold Project, acquired from Equinox on May 16th, 2019 for just $10 million at 10% down and 0% interest ($18/oz Au)!
That means they paid only $1mn initially and 90% is financed at 0% interest rate!
A PEA (Preliminary Economic Assessment) from August 2020 determined a net present value (NPV) of CAD$191 million at a 5% discount rate assuming a long-term gold price of $1,600 (though gold bulls expect the per-ounce gold price to run much higher than that).
Remember they paid $10mn in total for this project, out of which only $1mn was the down payment!
The PEA also found that from years 4-10 of the mine life, Elk Gold Project’s forecasted production will be 50,000 ounces per year at an AISC (all-in sustaining cost) of just USD$735 per gold ounce. Such a low cost to get gold out of the ground is almost unheard of in the industry. There are very few (a rare few) companies that are about to begin production in 2021! Gold Mountain is one of them! By November, they will be producing, according to plan! This is huge!
full-scale production is scheduled for the fourth quarter of 2024, targeting 100,000 ounces per year and consisting of a hybrid, high-grade, multiple open pit and underground operation within the Elk Gold Property.
New Gold, a $1.5 billion company, is Gold Mountain's partner is this project, in terms of milling. Their facility is designed to process 18,000 metric tons per day, but they don’t have the gold grades to ramp up past 11,000 metric tons per day.
With this, another sweet deal was signed: zero cost of processing, Gold Mountain keeps 89% and New Gold gets 11%, and when the ore is delivered to the site, they have 17 days to pay!

This video was conducted on behalf of Gold Mountain and was funded by Gold Standard Media LLC and/or affiliates. For our full disclaimer, please visit
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