Brookmount Expl Stock Price, News & Analysis

The Board of Directors of Brookmount Gold (OTC: BMXI) announced the filing for a reduction of its authorized shares with the Secretary of State for Nevada. This move aims to optimize the company's capital structure and enhance shareholder value. The reduction will not affect the outstanding shares or current ownership stakes. CEO Nils Ollquist emphasized that this step is beneficial for shareholders as the company seeks to acquire additional high-quality gold assets in Southeast Asia and North America.

Brookmount Gold (OTC: BMXI) has received a Buy Rating from analyst Theodore R. O'Neill of Litchfield Hills Research, with a price target of $6. The report highlights that BMXI shares are trading at significant discounts compared to peers, with a ~95% discount to sales and ~99% to earnings. The company has shown consistent growth, experiencing double-digit sales and EBITDA increases over the past two years. Notably, adjusted EBITDA has been between 43% and 69% of revenue. In Q3 2022, sales rose by 30% YoY, while EBITDA grew 39% to $7.64 million.

Brookmount Explorations (OTC PINK: BMXI) reported strong Q1 2022 results with a net profit of $1.9 million, a 40% increase from last year, and $4 million in revenue, up 25%. The company's total assets grew to $24.27 million, boosted by increased land rights, while liabilities decreased to $2.2 million. Brookmount finalized a $3 million share offering under Reg A to fund new projects. Operations in Talawaan remain robust, with hopes of resuming heap leaching at Alason by Q3 2022. The company aims for Nasdaq listing through an ongoing audit.

Brookmount Explorations, Inc. (OTC Pink: BMXI) reports a significant financial update for the quarter ending February 28, 2022. The company achieved $4.01 million in revenue from gold sales, a 33% increase compared to the previous year. Net income surged by 46% to over $1.9 million, translating to earnings of $0.11/share. Operations at the Talawaan site remain strong, with Covid-19 restrictions easing in Indonesia, allowing for resumption of activities at the Alason site. The company also acquired a 5000 HA high-grade ore property in Canada, aiming for production in the next year.

Brookmount Explorations, Inc. (OTC Pink: BMXI) has released its annual disclosure statement, reporting $14 million in sales and a net operating profit of $6.6 million for 2021, marking increases of 27% and 16% respectively from the previous year. These figures were achieved despite operational challenges due to the Covid-19 pandemic. The company's strategy of deferring production sales has increased inventory, anticipating better prices in 2022. The firm also plans to expand into North America with a new gold property poised for production.

Brookmount Explorations (OTC PINK: BMXI) has finalized its development plan to expand drilling at the Moosehorn gold property in Canada's Tintina gold belt. The property boasts a confirmed NI 43-101 resource of 39,000 oz. Au, with plans to increase this to 100,000 oz. Au. The total development cost is estimated at $5.5 million, aimed for initial production of 4,000 oz. Au annually starting in 2022, ramping up to 15,000 oz. Au by 2024. Errin Kimball has been appointed Executive Director for North America, enhancing Brookmount's North American market presence.

Brookmount Explorations, Inc. (BMXI) has completed a significant acquisition by securing 100% ownership of the Moosehorn Gold project from Gennex Gold Corp. The project spans approximately 5,000 hectares in the Tintina Gold Belt, containing an estimated resource of 39,000 oz au, with plans to increase this to 100,000 oz by early next year. The company commits at least $1.5 million for drilling and production costs and $1.6 million in deferred cash obligations from the purchase. This acquisition positions Brookmount for potential growth in the North American gold market.

Brookmount Explorations, Inc. (OTC PINK: BMXI) provided an operational update, reporting a 20% increase in sales in Q1 2021, reaching $3.1 million, though net profits fell by 14% to $1.3 million due to a higher tax burden. Mining activities continue positively in Indonesia, but heap leaching at Alason is suspended due to COVID-19 restrictions. The company is expanding operations into developed markets, focusing on the Moosehorn project in Yukon, Canada, with a confirmed resource of 39,000 oz.au. Management is also exploring additional opportunities in North America and Australia.

Brookmount Explorations, Inc. (BMXI) announced a binding agreement to acquire the Moosehorn Gold Project in Yukon from Gennex Gold Corp. The project covers approximately 6,000 hectares and includes significant infrastructure, with an initial gold resource estimate of 39,000 oz, potentially expanding to 1 million oz. In exchange for the project, Gennex will receive shares equivalent to 25% of Brookmount's issued shares and $1.65 million over 18 months for operational support. This acquisition marks Brookmount's strategic initiative to diversify into developed gold markets.