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2024 | NOTES FROM THE UNDERGROUND | BREAKING NEWS

Greetings from the Front Range of the Rocky Mountains, where a delayed spring is finally in the air.


Also in the air is the sound of the GS team loading 20 tons of concentrate into a shipping container.  This is our first Ocean Partners sale and an important milestone.


The concentrate’s ultimate destination is a refinery in Taiwan which is one of the international centers for the type of refining this material requires.  The process is that Ocean Partners delivers a shipping container on a flatbed truck for us to load with twenty tons of material.  Once loaded the concentrate is off to a container ship where it sets sail for Taiwan.  We sample each of the supersacks and await lab results as to how much gold, silver, copper, and other metals are being shipped.  This shipment should have gone out a few weeks ago.  Multiple feet of snow and freezing weather delayed things.  But, with gold now trading at about $2,300 an ounce, we actually made money while digging and thawing out.


Hopefully gold prices will maintain this delightful trend and the winter of our discontent will be long forgotten in a golden spring.  So much for my thousand words – here are pictures of the team in action and a loaded truck heading out.






Franklin Levy

GS Mining Company

Comments


CAUTIONARY STATEMENT FOR PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

 

This report may be deemed to contain “forward-looking” statements. We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and we are including this statement for the express purpose of availing ourselves of the protections of such safe harbor with respect to all of such forward-looking statements. Examples of forward-looking statements include, but are not limited to (i) projections of revenues, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure and other financial items, (ii) statements of plans and objectives of ours or our management or Board of Directors, including the introduction of new products or services, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (iii) statements of future economic performance and (iv) statements of assumptions underlying other statements and statements about us or our business.

 

Our ability to predict projected results or to predict the effect of any legislation or other pending events on our operating results is inherently uncertain. Therefore, we wish to caution each reader of the report to carefully consider specific factors, including competition for products, services and technology; the uncertainty of developing or obtaining rights to new products, services or technologies that will be accepted by the market; the effects of government regulations and other factors discussed herein because such factors in some cases have affected; and in the future (together with other factors) could affect, our ability to achieve our projected results and may cause actual results to differ materially from those expressed herein.

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