Letter to Shareholders

“Through Its Rise to Prominence in 2020, the Moss Mine Earned the Distinction of Arizona’s Largest Pure Gold and Silver Producer”

A Message to Shareholders from Ken Berry, President & CEO: “It is a pleasure to provide a recap of 2020 and what was truly a remarkable year of achievements for Elevation Gold and the Moss Mine. Building a successful mining entity is an evolving process that requires the highest degree of teamwork. The success we achieved in 2020 is clearly a testament to the hard work and diligence of our entire Elevation Gold management and operations team in Arizona. It is with great anticipation that we approach the year ahead. Based on our success to date, we have established a strong foundation for future growth and expansion, and we look forward to providing you with further updates as we carry this momentum into 2021.”


  • Revenues of US$84.3 Million
  • Gold production of 42,116 ounces
  • Silver production of 361,135 ounces


  • Received U.S. Federal permitting to proceed to Phase III mining and expand exploration onto a large land package surrounding the Moss mine
  • Launched a multi-phase 32,000 meters drilling and resource expansion program
  • Total debt repayment of US$11.7m; saving dilution of approximately 37 million shares
  • Connected to grid power, projected to save US$20m over life of mine
  • Crushing size increased from 1/4” to 3/8” allowing higher throughput
  • Announced Elevation Gold (ELVT) / Eclipse (EGLD) merger; supported by $22.5M financing, syndicate of five brokerage firms, added the Hercules property in Walker Lane Trend; strengthening Board by adding Doug Hurst and Marcel de Groot post merger.

Elevation Gold

Dec 18, 2020

Moss Mine

Nov 26, 2020

David Lin Kitco

Oct 19, 2020

“Safety and Social Responsibility Remain a Top Priority for Elevation Gold as it Enters a New Year of Gold Production and New Resource Expansion”


  • Focus on Moss Mine Operations
    • Safety First – ensure all our men and women return home safely to their families at the end of each and every day
    • Continue to optimize the Moss Mine operations to achieve further efficiencies
    • Integrate EVLT & EGLD management and exploration teams to support current resource expansion and development
  • Multi-Phase Exploration Program and Resource Update
    • Focus exploration drilling in close proximity to the Moss open Pit with the objective of aggressively expanding Moss Gold and Silver Reserves and Resources
    • Drill test high-priority regional targets (W. Oatman, Grape Vine, Florence Hill, Far West)
    • Advance exploration on highly prospective Hercules Project located in Nevada
  • M&A Activities and Market Presence
    • Close acquisition of Eclipse Mining and associated C$22.6 million financing; form new board adding Doug Hurst and Marcel de Groot; explore District Scale Hercules Gold Project, located in Walker Lane mineral trend
    • Acquire producing or near-production assets in the U.S. with the objective of becoming a 100,000+ ounce per year, mid-tier U.S. gold producer.
    • Increased market presence


“Management is Committed to Becoming a Mid-tier Gold and Silver Producer Based on an Aggressive Gold Development and Consolidation Plan”

“I would like to extend my warmest thanks to our valued shareholders. Your continued confidence and loyalty will undoubtedly be rewarded as your Company continues along its path of expansion and exciting future growth and development.” Ken Berry, President and CEO