Elevation Gold Mining Corporation (TSE:ELVT) has released an update.
Elevation Gold Mining Corporation is facing a claim from Patriot Gold Corp. regarding unpaid net smelter return royalties from the Moss Mine, following Elevation Gold’s suspension of royalty payments to maintain liquidity for operations. The company is actively seeking to resolve the issue with Patriot without resorting to litigation and will update stakeholders on the progress. Elevation Gold’s financial maneuvers come amidst production challenges and their commitment to the continued operation of their primary mining asset.
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