Elevation Gold Mining Corporation
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- Business
- Elevation Gold Mining Corporation engages in the acquisition, exploration, development, and operation of precious metal mineral properties, primarily focusing on gold and silver. The company’s core operations include the Moss Gold-Silver Mine, which it owns 100% and operates in Mohave County, Arizona, as well as exploration activities on the Hercules property located in Lyon County, Nevada. Elevation Gold utilizes low-cost heap leaching recovery methods to extract gold and silver, and it also provides related exploration, development, and production services. The company targets precious metals markets in the United States and maintains its corporate headquarters in Vancouver, Canada. Founded in 2007, Elevation Gold Mining Corporation was formerly known as Northern Vertex Mining Corporation until it rebranded in September 2021. In recent major developments, Elevation Gold completed the sale of the Moss Mine and related assets to EG Acquisition LLC in a transaction approved by both Canadian and U.S. courts in December 2024. This transaction resulted in the resignation of the company’s directors and officers and left the company without operating business or material assets following the closing of the sale at the end of 2024. Prior to this, in September 2024, the company sold its Hercules Property through a subsidiary to focus on its core assets. Earlier in 2025, Mako Mining Corporation acquired approximately $49.5 million of indebtedness owed by Elevation Gold for $1.8 million in cash, aiming to consolidate control over litigation related to the company and indicating significant strategic and financial restructuring efforts. Elevation Gold had also engaged in resource expansion drilling and development activities focused on near-mine zones to maximize exploration potential at the Moss project prior to the asset sale. Elevation Gold operates principally in the precious metals mining industry, emphasizing the exploration and development of gold and silver projects with a focus on properties in the western United States. The company’s strategic shifts over the last two years include divestment of primary mineral assets and board and management turnover due to the completion of major asset sales and associated reorganization. Its shares trade on Canadian securities exchanges, and prior to the asset divestitures, the company sought to develop production capacity and exploration in promising geological districts. The recent transactions reflect a repositioning from active mining operations towards financial restructuring and potential new strategic directions under new ownership control structures. This description synthesizes Elevation Gold Mining’s main products and exploration activities, recent strategic developments including asset sales, management changes, and financial restructurings, as well as its operational footprint across U.S. mining properties and corporate base in Canada.
Elevation Gold Obtains Initial Order for CCAA Protection
Elevation Gold Applies for Initial Order for CCAA Protection
Elevation Gold Reports Q2 2024 Production Results
Elevation Gold Announces Interest Payment on Convertible Debentures
Elevation Gold Announces Results of Annual General Meeting
Elevation Gold Reports Financial Results for Quarter Ended March 31, 2024, including $12.9M in Total Revenue
Elevation Gold Reports Financial Results for Year Ended December 31, 2023, including $66.4M in Total Revenue
Elevation Gold Reports Claim by Royalty Holder
Elevation Gold Reports Q1 2024 Production Results and Provides Update on Liquidity and Other Corporate Matters
Elevation Gold Provides Exploration Results for Reynolds Pit Area and Announces Execution of Secured Loan
Elevation Gold Reports Q4 2023 Production Results
Elevation Gold Announces Interest Payment on Convertible Debentures
Elevation Gold Reports Financial Results for Quarter Ended September 30, 2023, including $18.2M in Total Revenue
Elevation Gold Reports Q3 2023 Production Results and Provides Corporate Update
Elevation Gold Reports Financial Results for Quarter Ended June 30, 2023, including $14.9M in Total Revenue
Elevation Gold Announces Appointment of Alan Edwards as Director
Elevation Gold produces 6,788 oz of gold in Q2, reaffirms 2023 guidance
Elevation Gold Reports Q2 2023 Production Results and Director Change