Clifton Mining Company

Clifton Mining Company held its Annual General Meeting on Friday, October 22, 2021. Scott Moeller announced that a quorum of votes had been received and gave the results, supporting the re-election of each of the proposed directors and the appointment of the auditing firm. Ken Friedman briefly discussed the background and strategic positioning of [...]

Clifton Mining Company has received the production and sales report from Desert Hawk Gold Corp. for the month of August 2021. Desert Hawk reported that during the month they sold 280 ounces of gold and 175 ounces of silver. These precious metals were all recovered from the leach pad. During the month, they also reported that an additional 18,348 [...]

Clifton Mining Company has received the production and sales report from Desert Hawk Gold Corp. for the month of July 2021. Desert Hawk reported that during the month they sold 356 ounces of gold and 355 ounces of silver. These precious metals were all recovered from the leach pad. During the month, they also estimated that an additional 1,073 [...]

Clifton Mining Company has received the production and sales reports for April and May 2021. Desert Hawk Gold Corp. sold 544 ounces of gold and 573 ounces of silver over these two months. These precious metals were all recovered from the leach pad. Recent videos of the operations can be seen on the following two links, with one covering the mine [...]

Clifton Mining Company has released its 2020 audited financial statement. Basic net income per share was $0.08 and fully diluted net income per share was $0.07. A copy of Clifton's financial statements can be found. Also of significance, the company repurchased just over 3.3 million shares of its common stock over the course of the year, while [...]

Clifton Mining Company has received the report that for January 2021, Desert Hawk Gold Corp. sold 286 ounces of gold and 302 ounces of silver recovered from the leach pad. They crushed 19,797 tons of ore and added 234 ounces of gold to the leach pad. There are currently 5,080 ounces of recoverable gold on the leach pad. Clifton owns 5.81 million [...]

Clifton Mining Company has just been issued two new small mine permits from US and State Government agencies. The new permits were issued on the Lost Mine Road Mine and the Cactus Mill areas. Said Keith Moeller VP, Property Development, "These are important permits to now have in our hands and the timing of the granting of these permits could not [...]

Clifton Mining Company has received the report that for November 2020, Desert Hawk Gold Corp. sold 314 ounces of gold and 261 ounces of silver recovered from the leach pad. They also drilled 241 holes, crushed 22,491 tons of ore, and added 437 ounces of gold to the leach pad. There are currently 4,841 ounces of recoverable gold on the leach pad [...]

Clifton Mining Company has received the report that for August 2020, Desert Hawk Gold Corp. sold 354 ounces of gold and 283 ounces of silver recovered from the leach pad. They also drilled 1,285 holes, crushed 52,033 tons of ore, added 607 recoverable ounces to the leach pad, and estimate that they have 4,630 recoverable ounces of gold remaining on [...]

Pursuant to the Company's Share Repurchase Plan, the Company has been able to buy back 1,617,374 shares of common stock. All these shares are currently being held as treasury stock. Said management, "we believe that by reducing the float, that this should have a positive impact for shareholder value." Exploration, Development, and Production [...]