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Gold

Thunder Mountain Gold Inc (THMG) is a publicly traded exploration-stage mining company based in the United States. The company is focused on the acquisition, exploration, and development of precious metals deposits in underexplored and historically productive mining districts. Its flagship project is the South Mountain Project, located in Owyhee County, Idaho, which is a past-producing gold and silver mine.

Thunder Mountain Gold has made significant progress in recent years, including updating its resource estimate for the South Mountain Project in 2020. The updated estimate shows a measured and indicated resource of 26,777,000 tons at an average grade of 0.041 ounces of gold per ton, which translates to 1,102,000 ounces of gold. The company has also identified additional exploration targets in the vicinity of the South Mountain Project that it plans to explore in the future.

In terms of financial performance, Thunder Mountain Gold has not yet achieved profitability and reported a net loss of $1,211,731 for the year ended March 31, 2021. However, the company has succeeded in raising capital to fund its operations and exploration activities, including through a $2.5 million private placement in 2021.

Looking forward, Thunder Mountain Gold's growth potential is closely tied to the success of its South Mountain Project. The company plans to continue exploring and expanding the resource at South Mountain, with the ultimate goal of bringing the project into production. If successful, this could drive significant growth for the company and potentially lead to profitability. However, investors should be aware that exploration-stage mining companies are inherently risky, and there are no guarantees of success.