Clifton Mining Company (OTCMKTS:CFTN) Stock Consolidates: What Should You Know?
The mining sector has been one of the biggest sectors for as long as anyone can remember and even today it remains one of the more popular sectors among investors. There are many options for investors who may be looking into stocks in the mining sector and this morning it might be a good idea to consider taking a look at the Clifton Mining Company (OTCMKTS:CFTN) a bit more closely.
It is a natural resource company and is involved in acquiring, exploring, and eventually developing mineral properties. At this point in time, Clifton Mining is mainly involved in the production of gold, lead, and silver production at its joint venture property that is situated on the border of Utah and Nevada.
However, in order to get a better understanding of a company, it is also important for investors to consider taking a look at the recent developments with regard to Clifton Mining.
January 2022 Update
Earlier on in the month on January 11, the company had provided an update with regards to the fact that it had got the report from Desert Hawk Gold Corp that had been conducted in November last year. In the above-mentioned report, it had been revealed that Desert Hawk had managed to sell as much as 15229 tons of iron, 158 ounces of gold, 4494 recoverable ounces of gold, and 163 ounces of silver.
It was a major announcement from the company and one that must have been noticed by investors as well. It should be noted that Desert Hawk has also submitted an application for expanding the project and it was in the process at the time.
4th Quarter Report
In this context, it is perhaps also necessary to mention that back on November 23, 2021, Clifton Mining had received a report from Desert Hawk Gold Corp for the performance in September. It had proved to be a fairly strong performance as well. In light of such developments, it may be a good time for investors to start taking a greater interest in the Clifton Mining stock if they are interested in the mining sector at this point.