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Clifton Mining Company (CFTN)

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Last Post: 11/23/2020 3:52:17 PM - Followers: 26 - Board type: Free - Posts Today: 0

CFTN~~WEBSITE~~https://www.cliftonmining.com/




https://www.youtube.com/watch?v=i7fNEq9cxXM

GOLD BREAKING HUGE NOW~~Metals Date Time
(EST) Bid Ask Change Low High
GOLD 10/24/2019 17:00 1503.60 1504.60
+11.60

+0.78%

1487.50 1504.80
SILVER 10/24/2019 16:59 17.78 17.88
+0.26

+1.46%

17.35 17.92
PLATINUM 10/24/2019 16:58 921.00 926.00
+6.00

+0.66%

916.00 935.00
PALLADIUM 10/24/2019 16:55 1759.00 1784.00
+34.00

+1.97%

1699.00 1791.00
RHODIUM 10/24/2019 14:46 4940.00 5340.00
-50.00

-1.00%

-

https://www.kitco.com/market/


the company making money here
Quote:
Net increase in Cash 2,243,610
Cash, Beginning of Year 614,411
Cash, End of Period $ 2,858,021


Total Clifton Mining Stockholders’ Equity 7,815,163 as of june 30th 2019



CLIFTON MINING COMPANY Consolidated Balance Sheet (Unaudited) ASSETS June 30, 2019 CURRENT ASSETS Cash $ 2,858,021 Marketable securities 612 Accounts receivable 1,050 Prepaid expenses 20,552 Total Current Assets 2,880,235 PROPERTY AND EQUIPMENT Mining properties 1,123,565 Buildings, net 160,418 Milling equipment, net 445,736 Total Property and Equipment, Net 1,729,719 OTHER ASSETS Equity investment in affiliate 883,525 Equity securities in affiliate 2,324,330 Restricted cash-reclamation bonds 74,508 Patent filings 14,324 Deposit 350 Total Other Assets 3,297,037 Total Assets $ 7,906,991 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable and accrued liabilities $ 12,093 Total Current Liabilities 12,093 LONG-TERM LIABILITIES Reclamation and remediation liabilities 48,168 Total Liabilities 60,261 STOCKHOLDERS’ EQUITY Preferred stock, $.001 par value, 10,000,000 shares authorized; 154,584 shares issued and outstanding 155 Common stock, $.001 par value, 70,000,000 shares authorized; 58,770,791 shares issued and outstanding 58,771 Additional paid-in capital 16,763,146 Retained deficit (9,006,909) Total Clifton Mining Stockholders’ Equity 7,815,163 Noncontrolling interest 31,567 Total Stockholders’ Equity 7,846,730 Total Liabilities and Stockholders’ Equity $ 7,906,991 3 CLIFTON MINING COMPANY Consolidated Statement of Operations (Unaudited) Six Months Ended June 30, 2019 REVENUE $ 5,203,228 EXPENSES Exploration and depletion 6,150 General and administrative 5,857 Professional fees 96,761 Accretion expense 1,413 Depreciation and amortization 25,073 Salaries and employee benefits 184,146 Stock based compensation 26,694 Property and claim taxes, filing fees and insurance 24,358 Total Expenses 370,452 Income From Operations 4,832,776 OTHER INCOME (EXPENSE) Interest income 770 Gain from equity securities 7,391 Gain from equity investment 166,332 Gain on sale from affiliated stock transactions 5,775 Other Income (Expense) 180,268 Income Before Income Taxes 5,013,044 Income Taxes - Net Income 5,013,044 Add: Net Loss Attributable To Noncontrolling Interest 37 Net Income Attributable to Clifton Mining $ 5,013,081 Net income per share – basic $ 0.09 Net income per share – fully diluted 0.08 Weighted average number of common shares outstanding during the period: Basic 58,770,791 Diluted 59,301,035 4 CLIFTON MINING COMPANY Consolidated Statements of Cash Flows Six Months Ended June 30, 2019 Cash Flows From Operating Activities: Net Income $ 5,013,044 Adjustments to reconcile net loss to net cash used by operating activities: Depreciation and amortization expense 25,072 Depletion expense 6,150 Accretion expense 1,413 Gain from equity investment (166,332) Gain from equity investments - net (2,100,085) Gain on sale from affiliate stock transactions (5,775) Valuation for stock based compensation expense related to options 26,694 Changes in operating assets and liabilities: Decrease (Increase) in receivables, prepaid expenses, and other assets 2,755 (Decrease) in accounts payable and accrued liabilities (568,576) Net Cash Provided in Operating Activities 2,234,360 Cash Flows From Investing Activities: Acquisition of mining claims (250,000) Proceeds from the sale of fixed assets - Distributions from equity investment 259,250 Net Cash Provided by Investing Activities 9,250 Cash Flows From Financing Activities: Net Cash Provided by Financing Activities - Net increase in Cash 2,243,610 Cash, Beginning of Year 614,411 Cash, End of Period $ 2,858,021 SUPPLEMENTAL CASH FLOW DISCLOSURES: Interest paid $ - Taxes paid $ - NON CASH INVESTING & FINANCING ACTIVITIES: Disposal of fixed assets $ - Noncontrolling interest income allocation $ 37

CFTN~~
Quote:
They anticipate the first sales of gold in September.
Clifton Mining owns approximately 5.81 million shares of Desert Hawk Gold Corp., which is currently a private corporation.




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705 East 50 South, American Fork, UT 84003
801-756-1414

CFTN
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PostSubject
#539   Per the subsequent events footnote on the wanttruthinvester 11/23/20 03:52:17 PM
#538   $CFTN 3rd Quarter notes, deri21 11/23/20 11:59:57 AM
#537   $CFTN 3rd Quarter 2020 Financial Report with Notes deri21 11/20/20 08:31:24 AM
#536   Only a guess, share buy backs? or insider bigone 11/02/20 08:51:16 PM
#535   Why all the volume last week? cassini2titan 11/01/20 12:49:11 PM
#534   Thank you for all of your work. What potential! bigone 10/23/20 04:35:00 PM
#533   $CFTN Also owns 18% of American BioTech Labs deri21 10/22/20 07:35:08 AM
#532   $CFTN According to CFTN's website - Resource Summary deri21 10/22/20 07:33:39 AM
#531   I am glad, and hope so. This company bigone 10/14/20 09:07:31 PM
#530   $CFTN Agreed! The stop Sign is removed. Current deri21 10/14/20 09:25:30 AM
#529   Thank you deri21 for this. It will be bigone 10/09/20 08:58:19 PM
#528   $CFTN Clifton Mining Co. Annual Report - Disclosure deri21 10/09/20 02:07:26 PM
#527   $CFTN Clifton Mining Co. Quarterly Report - Disclosure deri21 10/09/20 02:06:24 PM
#526   $CFTN Clifton Mining Co. Quarterly Report - Disclosure deri21 10/09/20 02:05:56 PM
#525   Thanks for sharing 'deri21'. Progress being made. bigone 09/22/20 08:00:49 AM
#524   $CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - deri21 09/22/20 07:26:50 AM
#523   Wonder if Desert Hawk is still going to bigone 09/05/20 12:43:48 PM
#522   $CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - deri21 09/03/20 07:21:08 AM
#521   $CFTN Desert Hawk. deri21 08/06/20 08:16:11 AM
#520   Any word on when Desert Hawk may have bigone 07/31/20 08:52:29 PM
#519   $CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) AskMuncher 07/31/20 04:29:57 AM
#518   It appears that they are making progress. Wonder bigone 07/29/20 08:06:13 AM
#517   $CFTN deri21 07/29/20 07:52:29 AM
#516   We shall see. Good luck to all of us. bigone 07/17/20 06:01:44 PM
#515   I guess anything's possible. ;-) investorshub.advfn.com/uimage/uploads/ Luna Tic 07/16/20 07:33:30 PM
#514   Possibly when Desert Hawk shares gets listed management bigone 07/16/20 06:10:31 PM
#513   Clifton Mining Company is not Shareholder friendly; that's Luna Tic 07/15/20 03:05:41 PM
#512   OUTSTANDING !!! bigone 07/10/20 10:05:25 AM
#511   Clifton Mining - Seeking Alpha Uncovers More Than deri21 07/10/20 09:54:20 AM
#510   Thanks for your information. Possibly we have a bigone 07/07/20 09:21:33 PM
#509   $CFTN Clifton Mining and Desert Hawk Gold Corp deri21 07/06/20 09:56:27 AM
#508   Good read on $CFTN. I pulled this off deri21 07/01/20 03:27:50 PM
#507   $CFTN Clifton Mining Company (OTCBB: CFTN) (Clifton) - deri21 06/29/20 07:27:40 AM
#506   Short week coming up. Closed Friday July 3rd Luna Tic 06/28/20 01:38:04 PM
#505   That Q didn't help any. Went down,not up Luna Tic 06/01/20 11:52:03 AM
#504   $CFTN Quarterly Report - 1st Quarter Report deri21 06/01/20 08:00:16 AM
#503   This is outstanding! Thank you for sharing. bigone 05/21/20 12:34:02 PM
#502   No problem. Here is a good article from deri21 05/21/20 10:12:42 AM
#501   Just read that. Thanks for sharing. The brief bigone 05/19/20 08:09:55 AM
#500   $CFTN AMERICAN FORK - Clifton Mining Company (OTCBB: deri21 05/19/20 07:32:20 AM
#499   Agreed just need some company updates! $CFTN deri21 05/18/20 06:46:18 AM
#498   The shares should be priced considerably higher then. bigone 05/17/20 05:09:01 PM
#497   I believe that is correct. deri21 05/17/20 08:52:42 AM
#496   If I am wrong, please correct me on bigone 05/16/20 04:52:03 PM
#495   $CFTN Stop signed removed! Now Yield deri21 05/13/20 02:58:03 PM
#494   $CFTN deri21 05/11/20 03:01:25 PM
#493   $CFTN Some DD. from the Streets Report http://www.thestreetnow.com/spotlight/cftn/ deri21 05/08/20 07:20:50 AM
#492   When it gets to ~0.010 I'm might buy in. Luna Tic 04/30/20 02:27:06 PM
#491   Barely treading water Luna Tic 03/23/20 07:39:19 PM
#490   My thoughts , also. bigone 03/04/20 12:08:01 PM
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