Gold Mountain Announces Q3 2025 Financial Results

Gold Mountain Mining Corp. has released financial and operational results for Q3 2025, ending October 31, 2024. The company reported gold sales of 256 ounces, achieving a revenue of $594,404 with an average gold price of $2,290 per ounce. However, a mine operating loss of $2,007,251 was recorded with a net loss of $1,756,363, unchanged on a per-share basis.

Total cash cost per ounce sold was reported at $9,578, significantly higher than previous periods due to high strip ratio costs. Despite lower production levels, Gold Mountain anticipates cost normalization by Q4 2025 as the focus shifts towards refining operations and increasing production outputs.

The company continued operations at the Elk mine, aligning with expectations, and focused on advancing the main ore body in the Siwash North Pit. Corporate strategies include managing production increases to avoid potential losses and collaborating with Indigenous communities regarding future plans.