Brookmount Expl Stock Price, News & Analysis

Brookmount Explorations (BMXI) has signed a Memorandum of Understanding (MoU) to acquire a controlling interest in Principal Solar (PSWW). The transaction involves Brookmount initially acquiring PSWW through cash and shares, followed by transferring Brookmount's North American gold development properties in the Tintina Gold Belt to Principal Solar. Subsequently, Brookmount plans to distribute its Principal Solar shares to shareholders as a special dividend.

After the transaction, Brookmount shareholders will maintain an 80% stake in the consolidated group, while Principal Solar shareholders will hold 20%. Principal Solar will be renamed "North American Gold" and plans to pursue an underwritten public offering with simultaneous listing. Brookmount will maintain its Indonesian assets separately, which provide increasing cash flow for Asian gold production development.

Brookmount Explorations (BMXI) has signed a Memorandum of Understanding (MoU) to acquire a controlling interest in Principal Solar (PSSW). The transaction involves transferring Brookmount's North American gold properties in the Tintina Gold Belt to Principal Solar, which will be renamed "North American Gold". Following the deal, Brookmount shareholders will retain 80% ownership while Principal Solar shareholders will hold 20% of the consolidated group.

Brookmount plans to distribute its Principal Solar shares to its shareholders as a special dividend. The restructuring aims to create an independent investment platform for North American assets, with Principal Solar pursuing an underwritten public offering and simultaneous listing. Meanwhile, Brookmount will maintain its Indonesian gold mining operations, which provide increasing cash flow for Asian asset development.

Brookmount Gold (OTC: BMXI) reports significant expansion of its Indonesian mining operations. The company has added 15 new miners and implemented a 24-hour shift rotation with seven miners per shaft. An additional 20 workers are expected to join this week, progressing toward a target workforce of 100 by June's end.

The mining site shows promising ore grades averaging 14-20 grams/tonne. The company has achieved a 30% reduction in per-worker costs and introduced a performance-based bonus system. Production targets are set to exceed 350 grams of pure gold per day within 60 days.

Recent gold price increases have benefited sales, with pure gold now selling at $105 per gram ($3,265/ounce), marking a 15% increase from February and 30% higher than 2024's average. This price improvement directly enhances the company's bottom line, supporting improved operating performance under restructured operations.

Brookmount Gold (OTC PINK:BMXI) reported strong Q1 2025 financial results, with revenue of $3.4 million and net profit of $2.1 million, translating to an EPS of approximately $0.01. The company's Indonesian operations demonstrated improved performance following the transition to full operational control in January 2025.

The company is expanding its mining operations by increasing the main shaft depth to 100 meters and adding 20 workers for expanded shift rotation. This development is expected to increase ore grades to above 20 grams/tonne and enable the construction of three additional horizontal tunnels to expand the mineable surface area.

Management plans to allocate free cash flow from Indonesian operations primarily towards debt reduction and balance sheet strengthening. The company anticipates further announcements regarding the acceleration of Indonesian operations in the coming weeks.

Brookmount Gold (BMXI) has released its FY2024 financial results, reporting strong performance with revenue reaching $18.45 million, an 8.1% increase from 2023. The company achieved record gold production of 6,500 ounces and marked twenty-three consecutive profitable quarters.

Key financial highlights include a 3.7% increase in gross profits to $12.35 million and a 4.1% rise in net income to $9.18 million ($0.07 EPS). Total assets grew to $53.63 million, while liabilities decreased to $1.72 million.

Significant operational developments include completing the acquisition of 100% ownership of Indonesian mining operations, valued at $168.7 million through an independent DCF analysis. The company is working with SGS Group for thermal imaging analysis and has initiated a strategy to restructure North American operations into a separate listed entity.

Brookmount Gold (OTC: BMXI) has completed the acquisition of the Mining Operations in Talawaan, Indonesia, with full operational control starting December 2. The acquisition was partially funded by strategic Australian investors who are shareholders in a major Australian listed gold mining company. This investor group will assist in the development and expansion of the Talawaan operation. The company plans to initiate a comprehensive review and upgrade of site systems, focusing on ore extraction, transport logistics, security protocols, and worker safety measures. The acquisition represents a strategic step toward senior exchange listing and will provide 100% control of cash generated from operations, reducing the need for external financing and note conversion dilution.