Clifton Mining(OTC) CFTN

Clifton Mining Company is a natural resources enterprise focused on identifying, acquiring, and developing mineral-bearing properties. The company primarily produces silver, gold, and lead from a joint venture site located near the Utah-Nevada border.

Products and Services

• Production of silver, gold, and lead
• Development of mineral-bearing properties
• Management of mining claims and leases

Growth Outlook

• Significant land holdings with 82 patented claims and 402 unpatented claims
• Strategic location in the Gold Hill/Clifton mining district
• Potential for increased production as market demand for precious metals rises

Financial Highlights

• Recent quarterly net income of -$50,342, indicating ongoing operational challenges
• Cash and cash equivalents of $1,139,057, providing liquidity for operations
• Current ratio of 28.73, suggesting strong short-term financial health

Clifton Mining Company has established itself in the precious metals sector with a focus on silver, gold, and lead production. The company holds a substantial portfolio of mining claims, which positions it well for future growth as demand for these metals continues to rise. Despite facing operational challenges reflected in recent financial results, the company's strong liquidity and asset base provide a foundation for potential recovery and expansion. Investors may find interest in the company's strategic assets and the overall market dynamics favoring precious metals.