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Matthew Gordon spoke with Kevin Smith, CEO of Gold Mountain Mining (TSX-V:GMTN) to discuss the company’s recent shift into gold production.

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Gold Mountain Mining Corporation is a British Columbian gold company focused on its Elk Gold Project. The project is a 21,000-hectare past-producing asset that is located approximately 57 km away from the city of Merritt.

The company enjoys the support of Franklin Templeton, one of the world’s largest asset managers. The Franklin Gold and Precious Metals Fund acquired 2.9 million shares of the company and has built a position of between 5% to 6% in Gold Mountain Mining Corp. The investor split of the company is approximately a 7% to 10% institutional base, with the remainder being retail.

The Elk Gold Project currently produces 19,000 ounces of gold per annum and is planned to continue producing this amount for the next three years. The company’s rationale is that even though 19,000 ounces per annum is not a large production profile, it does empower the company to have cash flow and the necessary funds to reach the envisioned 65,000 ounces per annum production profile.

Gold Mountain Mining Corp. recently announced that it had delivered the first batch of ore to New Gold Inc.’s New Afton Mine in Kamloops, British Columbia. The delivery marks the company’s entry into revenue generation and cash flow. The first payment is approximately CAD$ 548,862 and is planned to occur monthly. Gold Mountain Mining Corp. plans on delivering 1,650 ounces of gold to the New Afton mine in April.

Gold Mountain Mining Corp. aims to increase the project’s annual production from 19,000 ounces of gold per year to 65,000 ounces of gold per year. The company plans on achieving this with continued exploration initiatives, which include a winter and summer exploration program in the coming year.

0:00 - Company Overview
0:34 - Current Precious Metals Market Overview
1:26 - Franklin Templeton in the Company Share registry
2:05 - Current Makeup of the Share Register
2:35 - Rationale for Delivering a “Flat-line” Yield Number
4:04 - Discussion around the Finances of the Company
5:38 - Anticipation for Annual Revenue Growth
7:07 - Maintaining Fluidity and Optionality
8:41 - Ensuring the Delivery of the Anticipated Yield Numbers
10:35 - Drill Number Targets for 2022
12:53 - M&A Strategy Discussion
15:22 - Overview of Approaching Companies for Collaboration
17:45 - Perspective on the Current Market Prices
20:36 - Possible Acquisition of Talent for the Management Team
23:51 - Outro

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