Brookmount Gold Announces Financial Results for Second Quarter Fiscal 2025
Brookmount Gold (OTC:BMXI) reported Q2 2025 financial results, with revenue of $3.75 million, down 30% year-over-year but up 8% quarter-over-quarter. The company posted net earnings of $1.2 million ($0.01 EPS), impacted by non-recurring charges from the Talawaan acquisition.
Total assets increased to $57.39 million, up from $48.90 million in Q2 2024, while total liabilities decreased to $1.79 million. The company mined approximately 35,000 grams (1,200 ounces) of gold during the quarter and expanded its workforce by over 35 workers. The company completed its 2021/22 IFRS audit and expects to complete 2023/2024 audits next month.
Brookmount Gold (OTC:BMXI) ha comunicato i risultati finanziari del secondo trimestre 2025, con ricavi pari a 3,75 milioni di dollari, in calo del 30% rispetto all'anno precedente ma in crescita dell'8% rispetto al trimestre precedente. La società ha registrato un utile netto di 1,2 milioni di dollari (0,01 dollari per azione), influenzato da costi non ricorrenti legati all'acquisizione di Talawaan.
Gli attivi totali sono aumentati a 57,39 milioni di dollari, rispetto ai 48,90 milioni del secondo trimestre 2024, mentre le passività totali sono diminuite a 1,79 milioni di dollari. Durante il trimestre, la società ha estratto circa 35.000 grammi (1.200 once) di oro e ha ampliato il proprio organico di oltre 35 lavoratori. È stata completata la revisione contabile IFRS per il 2021/22 e si prevede di concludere gli audit per il 2023/2024 il prossimo mese.
Brookmount Gold (OTC:BMXI) reportó los resultados financieros del segundo trimestre de 2025, con ingresos de 3,75 millones de dólares, una disminución del 30% interanual pero un aumento del 8% respecto al trimestre anterior. La compañía registró ganancias netas de 1,2 millones de dólares (0,01 dólares por acción), afectadas por cargos no recurrentes derivados de la adquisición de Talawaan.
Los activos totales aumentaron a 57,39 millones de dólares, desde 48,90 millones en el segundo trimestre de 2024, mientras que las obligaciones totales disminuyeron a 1,79 millones. Durante el trimestre, la empresa extrajo aproximadamente 35,000 gramos (1,200 onzas) de oro y amplió su plantilla en más de 35 empleados. Completó la auditoría IFRS de 2021/22 y espera finalizar las auditorías de 2023/2024 el próximo mes.
Brookmount Gold (OTC:BMXI)는 2025년 2분기 재무 실적을 발표했으며, 매출은 375만 달러로 전년 동기 대비 30% 감소했으나 전분기 대비 8% 증가했습니다. 회사는 Talawaan 인수로 인한 일회성 비용의 영향으로 순이익 120만 달러(주당순이익 0.01달러)를 기록했습니다.
총 자산은 2024년 2분기 4890만 달러에서 5739만 달러로 증가했으며, 총 부채는 179만 달러로 감소했습니다. 분기 동안 약 35,000그램(1,200온스)의 금을 채굴했고, 직원 수를 35명 이상 늘렸습니다. 2021/22 회계연도 IFRS 감사가 완료되었으며, 2023/2024 회계연도 감사는 다음 달 완료될 예정입니다.
Brookmount Gold (OTC:BMXI) a publié ses résultats financiers du deuxième trimestre 2025, avec un chiffre d'affaires de 3,75 millions de dollars, en baisse de 30 % sur un an mais en hausse de 8 % par rapport au trimestre précédent. La société a enregistré un bénéfice net de 1,2 million de dollars (0,01 $ par action), impacté par des charges non récurrentes liées à l'acquisition de Talawaan.
Les actifs totaux ont augmenté pour atteindre 57,39 millions de dollars, contre 48,90 millions au deuxième trimestre 2024, tandis que les passifs totaux ont diminué à 1,79 million. La société a extrait environ 35 000 grammes (1 200 onces) d'or au cours du trimestre et a augmenté ses effectifs de plus de 35 employés. L'audit IFRS 2021/22 a été finalisé et les audits 2023/2024 devraient être terminés le mois prochain.
Brookmount Gold (OTC:BMXI) veröffentlichte die Finanzergebnisse für das zweite Quartal 2025 mit einem Umsatz von 3,75 Millionen US-Dollar, was einem Rückgang von 30 % im Jahresvergleich, jedoch einem Anstieg von 8 % im Quartalsvergleich entspricht. Das Unternehmen erzielte einen Nettoertrag von 1,2 Millionen US-Dollar (0,01 US-Dollar Gewinn pro Aktie), beeinflusst durch einmalige Aufwendungen im Zusammenhang mit der Talawaan-Übernahme.
Die Gesamtvermögenswerte stiegen auf 57,39 Millionen US-Dollar gegenüber 48,90 Millionen US-Dollar im zweiten Quartal 2024, während die Gesamtverbindlichkeiten auf 1,79 Millionen US-Dollar sanken. Im Quartal wurden etwa 35.000 Gramm (1.200 Unzen) Gold abgebaut, und die Belegschaft wurde um über 35 Mitarbeiter erweitert. Die IFRS-Prüfung für 2021/22 wurde abgeschlossen, und die Prüfungen für 2023/2024 sollen nächsten Monat abgeschlossen werden.
- Total assets increased 17.4% year-over-year to $57.39 million
- Liabilities decreased by 19.7% from $2.23M to $1.79M
- Gold inventory increased by $1.98 million during the quarter
- Property, Plant & Equipment increased $1.57 million due to new equipment investment
- Mining assets appraised value of over $167 million significantly exceeds acquisition price
- Revenue decreased 30% year-over-year to $3.75 million
- Net earnings impacted by non-recurring charges from Talawaan acquisition
- Production was ramped down earlier in the year affecting revenue
- Mining operations transition to full ownership slowed production in 2025
RENO, NEVADA / ACCESS Newswire / July 22, 2025 / Brookmount Gold (sic: Brookmount Explorations, Inc.) (OTC:"BMXI"), a US based gold exploration and production company, is pleased to announce that it has filed, with OTC Markets, its management report and financial statements for the second quarter of 2025.
Q2 2025 Financial Highlights:
Revenue for three months was
$3.75 million , a decrease of30% from Q2 2024, but up8% over Q1 2025. This was primarily due to ramping down production earlier this year to make the mining operations more efficient than in 2024 and from an increase in gold inventory held. It is expected that revenue will accelerate significantly during the second half of 2025 and beyond.
Operating earnings were significantly higher than for the previous quarter, however, net earnings of
$1.2 million (.01 EPS) were impacted by non-recurring charges arising from closing of the Talawaan acquisition. The Company continued increasing its mining workforce and is in the process of expanding the number of shafts in use as it builds towards the target output of twenty-five tonnes of ore per day (450-550 grams/day at current ore grades) by the end of the month.
Total Assets increased to
$57.39 million compared to$48.90 million at the end of Q2 2024 and$55.51 million at the end of Q1 2025. This is a result of inventory increasing by$1.98 million during the quarter and Property, Plant and Equipment increasing$1.57 million due to investment into additional and more efficient equipment.
Total Liabilities decreased from
$2.23 million on 5/31/24 to$1.79 million on 5/31/25. This is primarily a result of a7% reduction in convertible notes.
Following the conversion of the previous JV partner receivable to equity "Land Usage Rights" as part of the pricing structure for the acquisition of control of Talawaan, the Company's balance sheet now carries additional value which is not reflected. This is due to the significant difference in the appraised value of the Company's mining assets (over
$167 million ) and their acquisition price.
2025 Q2 Operational Highlights
The company made substantial progress with audit compliance. Shortly after the quarter ended, the company completed its 2021/22 IFRS audit by internationally recognized auditing firm Russell Bedford. The Company anticipates the completion of the 2023/2024 audits next month at which time it will be fully current with financial audits.
During the quarter, the company mined, and sold, approximately 35,000 grams (approximately 1200 ounces) of gold. Also, Brookmount's inventory of gold increased as the company anticipates higher prices for gold in the future
The company added over thirty five new workers, increasing the tonnage output of the mine significantly. The company plans to continue to regularly add to its labor force resulting in corresponding increases in revenue and profits.
The company added to the depth of its mining operation and added additional vertical and horizontal shafts
New equipment has eliminated bottlenecks and increased production efficiency and capacity
The Company continues to work with SGS Group, the world's leading mining consultant, to identify and access the highest available ore grades
For additional information, please visit www.otcmarkets.com for full filing.
"We are currently exceeding our financial forecasts and our investments in our mining operations should lead to accelerated cash flow in the near future. With the takeover of the mining operations completed earlier this year, we are seeking to be more efficient and mine a considerably larger area with a larger workforce. While the initial transition to full ownership of the mine during 2025 slowed production, the groundwork for growth has been set. As the price of gold continues to rise and we continue to mine successfully and profitably, the future for the company is bright. We believe the next year will see record revenues and profits for Brookmount," stated Nils Ollquist CEO of Brookmount Gold.
A shareholder call is currently being scheduled for Friday, August 1. The purpose of the call will be to discuss recent operational performance and results and to provide a forum for our stakeholders to engage with management.
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 acquiring and developing high-quality gold assets with JORC/NI 43-101 verified resources.
Safe Harbor Statements:
Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.
Investor Relations Contact:
info@chesapeakegp.com
or 410 825 3930
Website: https://www.brookmountgold.com
Corporate Contact:
corporate@brookmountgold.com
Social Links: Brookmount Gold X (Formerly Twitter); @BrookmountAu
https://x.com/brookmountgold
SOURCE: Brookmount Explorations, Inc.
View the original press release on ACCESS Newswire
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