Brookmount Gold Explained

Brookmount Gold
Type:Public
Hq Location City:Reno, NV
Hq Location Country:USA
Industry:Gold Mining
Revenue: US $17.06 million
Revenue Year:2023
Operating Income: US $9.75 million
Income Year:2023
Net Income: US $8.95 million
Net Income Year:2023
Assets: US $42.32 million
Assets Year:2023
Equity: US $40.31 million
Equity Year:2023
Num Employees:80
Num Employees Year:2023

Brookmount Gold is a junior gold miner with primary operations near Manado, Indonesia.[1] Their current gold-producing mine, Talawaan, is located near the Sam Ratulangi International Airport.[2]

Company overview

Brookmount Gold (Brookmount Explorations, Inc.) was founded in 1999 and had operations in Canada from 1999 to 2018. In 2018, the company was purchased by an investor group and merged to form the present entity. The company trades on the OTC Pink Sheets under ticker symbol BMXI.[3] [4] While the company currently trades on the over-the-counter market, they have stated their intentions to uplist to NASDAQ upon the completion of their PCAOB Audit.

Primary operations

The company's primary operation is the Talawaan Mine located in Manado, Indonesia. Additionally, the company owns a 30 (company) / 70 (partner) working interest in their Alason Property. Finally, they have exploration-stage gold-mining properties in North America.[5] [6] [7]

Stated milestones and recent news

As of May 2024, the company is pursuing three notable milestones: completion of a PCAOB Audit, a buyout of their joint-venture partner, and an upcoming dividend spinoff.[8] [9] [10]

Notes and References

  1. Web site: Brookmount Gold Homepage . Brookmount Gold . 9 May 2024.
  2. Web site: Location of Talawaan Property . SEC Edgar . 9 May 2024.
  3. Web site: OTC Markets Company Profile . OTC Markets. 9 May 2024.
  4. Web site: Brookmount Gold Yahoo Finance . Yahoo Finance . 9 May 2024.
  5. Web site: 2024 Quarterly Report . OTC Markets . 9 May 2024.
  6. Web site: 2023 Annual Report . OTC Markets . 9 May 2024.
  7. Web site: Brookmount acquires Atlin gold project in Canada . Mining Technology . 9 May 2024.
  8. Web site: Brookmount Gold Announces Updates on PCAOB Audit, Joint-Venture Buyout, and Dividend Spinoff . Newsfile.com . 9 May 2024.
  9. Web site: Update on Company Milestones . X / Twitter . 9 May 2024.
  10. Web site: Update on Mine Results . X / Twitter . 9 May 2024.