Zardiw
1 day ago
It just illustrates the NEW $BMXI recent release of expansion of Gold Production:
New $700K/Mo Gold Revenues for $BMXI:
This will result in monthly gross revenues exceeding $700,000 from
operations, based on the current market price of $93 per gram ($2900 per ounce) of fine gold.
Assuming a net profit margin of 45%, in line with historical averages even at lower gold prices, our
projected net monthly profit from the four operating shafts is $315,000.
https://www.otcmarkets.com/otcapi/company/dns/news/document/80795/content
Z
Golden Cross
1 day ago
Brookmount Gold Increasing Workforce and Area Mined at
Indonesian Gold Operation
Company to Announce Plans to Pay a Special Dividend Later This Quarter
Reno, Nevada, March 13, 2025 โ Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC:
โBMXIโ), a gold exploration and production company, is pleased to announce that, following a
successful series of trial production runs at its newly managed Indonesian production area,
management has now finalized an operating plan to extract significantly more gold from its
expanded number of operating shafts.
Ore production for the second quarter (March 1- May 31) will increase, with gold being extracted
from a total of four operating shafts, two vertical and two horizontal, in two contiguous locations
on the property. Commencing early next month, a new group of forty contract miners from
Indonesiaโs main island of Java, a number that will increase to sixty by May, will conduct mining at
the four shafts with sixteen miners undertaking two shifts in order to operate the mine on a 24
hour basis.
With each shaft producing 150 bags of ore, total daily production is projected to be 600 bags
(approx.36 tonnes) of ore. The operating budget assumes an average ore grade of 0.8 grams/ore
bag (16 grams/tonne), a number lower than the testing results, and a purity ratio of 60%, also
below historical averages. This will result in monthly gross revenues exceeding $700,000 from
operations, based on the current market price of $93 per gram ($2900 per ounce) of fine gold.
Assuming a net profit margin of 45%, in line with historical averages even at lower gold prices, our
projected net monthly profit from the four operating shafts is $315,000. The Company anticipates
continually increasing the number of shafts mined each quarter. Cash from operations will remain
in the Companyโs Indonesian bank account until remitted to our principal operating account with
Wells Fargo Bank in Reno NV. Unlike prior to Brookmount establishing control of the property in
December, the cash generated can be now used for expansion, paying down debt, stock
buybacks or paying dividends. Brookmount anticipates quarterly revenue and profits to continue
to rise exponentially as it returns to and exceeds prior operating levels during the second half of
2025.
In commenting on the Q2 Budget, CEO Nils Ollquist said: โWe are excited to be able to present
these quarterly expectations to our shareholders. Over the past two months, a tremendous
amount of work and management time has gone into setting up our systems and protocols,
including worker safety, installing new equipment, ore testing and recruiting a new and dedicated
workforce. Initial trial (test) mining is now complete, and we will be upscaling our mining to the full
budget on the arrival of our new contract workers at the beginning of April. As we reach higher
levels of production over the remainder of the quarter, we will be working with SGS Group,
Brookmountโs international mining consultants, to seek out additional high-grade ore veins on our
property with a view to expanding the number of our active shafts and further build production and
revenue over the ensuing quarters. SGS employs a wide range of state-of-the-art techniques for
remotely detecting and imaging gold deposits at depth and has already been actively involved
with the Company in analyzing gold ore samples from the companyโs existing mining areas.โ Mr
Ollquist concluded: โWe will be making further announcements of our operational progress in
Indonesia over the ensuing few months, as well as updating shareholders on the progress of our
North American assets and associated special dividend later this quarter.โ
About SGS
SGS is the worldโs leading Testing, Inspection and Certification company. They operate a network
of over 2,500 laboratories and business facilities across 115 countries, supported by a team of
99,500 dedicated professionals. With over 145 years of service excellence, they combine the
precision and accuracy to ISO9000 levels that define parameters to help organizations achieve
the highest standards of quality, compliance, and sustainability.
About Brookmount Gold
Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC
Markets in the United States (OTC: BMXI). With operating gold mines in Southeast Asia and
exploration and production assets in North America, the company is focused on building
production of existing assets to scale, in addition to acquiring and developing additional highquality gold assets with JORC/NI 43-101 verified resources.
Zardiw
2 days ago
New $700K/Mo Gold Revenues for $BMXI:
This will result in monthly gross revenues exceeding $700,000 from
operations, based on the current market price of $93 per gram ($2900 per ounce) of fine gold.
Assuming a net profit margin of 45%, in line with historical averages even at lower gold prices, our
projected net monthly profit from the four operating shafts is $315,000.
https://www.otcmarkets.com/otcapi/company/dns/news/document/80795/content
Z