- Business
- Elevation Gold Mining Corporation Elevation Gold Mining Corporation engages in the acquisition, exploration, development, and operation of precious metal properties in the United States, with a focus on gold and silver deposits; its principal assets include the 100% owned Moss Gold-Silver Mine in Mohave County, Arizona, which produces gold and silver through open-pit mining, crushing, heap leaching, and Merrill-Crowe processing to yield doré bars; and the Hercules exploration property in Lyon County, Nevada, targeting epithermal vein systems along the Walker Lane Gold Trend. The Moss Mine features proven and probable mineral reserves of approximately 12.7 million tonnes grading 0.45 grams per tonne gold and 5.4 grams per tonne silver, containing 184,500 ounces of gold and 2.2 million ounces of silver as of July 1, 2021, supported by measured and indicated resources of 38.9 million tonnes grading 0.39 grams per tonne gold. Founded in 2007 and headquartered in Vancouver, British Columbia, Canada, the company formerly operated as Northern Vertex Mining Corp. until its name change in September 2021; it serves investors seeking exposure to cash-flowing production alongside exploration upside in western North America. Recent major developments include the completion of the sale of the Moss Mine and related assets to EG Acquisition LLC in December 2024 as part of a purchase and sale agreement announced earlier that month amid Companies' Creditors Arrangement Act proceedings; subsequent resignations of directors and officers; and in July 2025, Mako Mining Corp. acquiring approximately US$49.5 million in secured indebtedness of Elevation from Maverix Metals Inc. for US$1.8 million, consolidating creditor positions amid ongoing bankruptcy processes.