Original Sixteen to One Mine, Inc.
OSTO
Other OTC0.00
USD
-0.74
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Original Sixteen to One Mine, Inc.
OSTO
(Other OTC)
Recent
price
0.00
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Original Sixteen to One Mine, Inc. (OSTO) engages in the exploration, development, mining, and milling of gold properties centered on its flagship Sixteen to One hard rock underground mine in the Alleghany Mining District of Sierra County, California, approximately 65 miles northeast of Sacramento; the company produces and sells high-grade gold quartz specimens for collectors, jewelry-quality gold material for jewelers and its own designs, gold bullion ingots, and custom jewelry incorporating native gold in quartz, while employing hand separation techniques, metal detectors for ore shoots, and small-scale milling for remaining ore-grade material. Incorporated on October 6, 1911, and headquartered in Alleghany, California, with approximately 550 acres of fee simple properties including adjacent claims such as Tightner, Twenty-One, Ophir, Rainbow, Red Star, and South Fork mines, it targets premium specimen and jewelry markets alongside traditional bullion sales from operations extended to the 2,600-foot level via the 83 winze. In recent years, the company has faced significant operational disruptions from a hostile takeover attempt by Quartzview, Inc., Roger Haas, and Simon P. Westbrook, prompting a federal civil lawsuit filed on February 28, 2023, in Sacramento (Case No. 2:23-CV-0376-TLN-DB) alleging eight claims including elder financial abuse and seeking over $125 million in damages, alongside SEC EDGAR access issues since March 2023 that led to posting quarterly (10-Q) and annual (10-K) financials directly on its website.