Brookmount Gold Announces Record Q2 Results from Gold Mining Operations at Talawaan
Brookmount Gold (BMXI) has reported record Q2 2024 results from its Talawaan gold mining operations. The company achieved gold sales of $5.4 million and net income of $2.9 million. CEO Nils Ollquist attributed the success to increased focus on a high-yield gold seam, a dedicated workforce, and strong gold demand.
The company has implemented electrical upgrades at the Talawaan Mine to accommodate hydraulic hammers, aiming to further improve production yield. Brookmount has also commissioned Kaufman Rossin, an independent U.S.-based accounting/appraisal firm, to review and endorse a Discounted Cash Flow (DCF) analysis of the Talawaan gold operation's value. The analysis is expected to show a value significantly higher than the proposed acquisition consideration.
Brookmount Gold (BMXI) ha riportato risultati record per il secondo trimestre 2024 dalle sue operazioni minerarie d'oro a Talawaan. L'azienda ha raggiunto vendite d'oro per 5,4 milioni di dollari e un reddito netto di 2,9 milioni di dollari. Il CEO Nils Ollquist ha attribuito il successo a un maggiore focus su una vena d'oro ad alto rendimento, a una forza lavoro dedicata e a una forte domanda di oro.
L'azienda ha implementato aggiornamenti elettrici alla miniera di Talawaan per ospitare martelli idraulici, con l'obiettivo di migliorare ulteriormente il rendimento della produzione. Brookmount ha anche incaricato Kaufman Rossin, una società di contabilità/valutazione indipendente con sede negli Stati Uniti, di rivedere e approvare un'analisi del flusso di cassa scontato (DCF) del valore dell'operazione mineraria d'oro di Talawaan. Si prevede che l'analisi mostri un valore significativamente superiore a quello proposto per l'acquisizione.
Brookmount Gold (BMXI) ha reportado resultados récord para el segundo trimestre de 2024 de sus operaciones mineras de oro en Talawaan. La empresa logró ventas de oro por 5.4 millones de dólares y un ingreso neto de 2.9 millones de dólares. El CEO Nils Ollquist atribuyó el éxito a un mayor enfoque en una veta de oro de alto rendimiento, una fuerza laboral dedicada y una fuerte demanda de oro.
La empresa ha implementado mejoras eléctricas en la mina de Talawaan para acomodar martillos hidráulicos, con el objetivo de mejorar aún más el rendimiento de producción. Brookmount también ha encargado a Kaufman Rossin, una firma de contabilidad/valuación independiente con sede en EE. UU., que revise y avale un análisis de flujo de caja descontado (DCF) del valor de la operación minera de oro de Talawaan. Se espera que el análisis muestre un valor significativamente mayor que la consideración de adquisición propuesta.
브룩마운트 골드(BMXI)는 탈라완 금광 운영에서 2024년 2분기 기록적인 결과를 보고했습니다. 이 회사는 540만 달러의 금 판매와 290만 달러의 순이익을 달성했습니다. CEO 닐스 올크비스트는 성공의 원인을 고수익 금 층에 대한 집중, 헌신적인 인력, 그리고 강한 금 수요에 돌렸습니다.
회사는 생산 수익성을 더욱 향상시키기 위해 탈라완 광산에서 유압 해머를 수용할 수 있도록 전기 업그레이드를 시행했습니다. 브룩마운트는 또한 미국에 본사를 둔 독립 회계/평가 회사인 카우프만 로신(Kaufman Rossin)을 임명하여 탈라완 금 운영 가치를 평가하는 할인된 현금 흐름(DCF) 분석을 검토하고 승인하도록 했습니다. 이 분석은 제안된 인수 고려 사항보다 상당히 높은 가치를 보여줄 것으로 예상됩니다.
Brookmount Gold (BMXI) a annoncé des résultats record pour le deuxième trimestre 2024 de ses opérations minières d'or à Talawaan. L'entreprise a réalisé des ventes d'or de 5,4 millions de dollars et un revenu net de 2,9 millions de dollars. Le PDG Nils Ollquist a attribué ce succès à un accent accru sur un filon d'or à haut rendement, une main-d'œuvre dévouée et une forte demande d'or.
L'entreprise a mis en place des améliorations électriques à la mine de Talawaan pour accueillir des marteaux hydrauliques, dans le but d'améliorer encore le rendement de la production. Brookmount a également mandaté Kaufman Rossin, une société de comptabilité/évaluation indépendante basée aux États-Unis, pour examiner et approuver une analyse de flux de trésorerie actualisés (DCF) sur la valeur des opérations minières d'or de Talawaan. On s'attend à ce que l'analyse montre une valeur significativement supérieure au montant proposé pour l'acquisition.
Brookmount Gold (BMXI) hat rekordverdächtige Ergebnisse für das zweite Quartal 2024 aus seinen Goldabbauaktivitäten in Talawaan berichtet. Das Unternehmen erzielte Goldverkäufe von 5,4 Millionen Dollar und ein Nettogewinn von 2,9 Millionen Dollar. CEO Nils Ollquist führte den Erfolg auf eine verstärkte Fokussierung auf einen ergiebigen Goldfaden, eine engagierte Belegschaft und die starke Nachfrage nach Gold zurück.
Das Unternehmen hat elektrische Verbesserungen im Talawaan-Mine vorgenommen, um hydraulische Hämmer zu integrieren, mit dem Ziel, den Produktionsausstoß weiter zu steigern. Brookmount hat auch Kaufman Rossin, eine unabhängige US-amerikanische Buchhaltungs-/Bewertungsfirma, beauftragt, eine Analyse des abgezinsten Cashflows (DCF) des Wertes der Goldoperation in Talawaan zu überprüfen und zu bestätigen. Es wird erwartet, dass die Analyse einen deutlich höheren Wert zeigt als die vorgeschlagene Übernahmereferenz.
- Record Q2 2024 gold sales of $5.4 million
- Record Q2 2024 net income of $2.9 million
- Increased focus on high-yield gold seam
- Electrical upgrades implemented at Talawaan Mine to improve production
- Independent valuation of Talawaan operation expected to show high value
- None.
Q2 Revenue of
Reno, Nevada--(Newsfile Corp. - July 22, 2024) - Brookmount Gold is pleased to report record gold sales of
"Brookmount has commissioned an Independent U.S. based Accounting/Appraisal firm Kaufman Rossin, to undertake a review and endorsement of a Discounted Cash Flow (DCF) based analysis of the value of our Talawaan gold operation.. The result of this analysis derives a value for the operation far in excess of the proposed acquisition consideration, including the amount retained on the books of the Joint Venture as undistributed cash. The independent report from Kaufman is anticipated within the next 2 weeks and will be made available to our shareholders at that time..," Ollquist concluded.
Brookmount Gold Investor Relations Contact:
FastPitch IR
brookmountgold@fastpitchir.com
(312) 999-0187
Brookmount Gold Website: https://brookmountgold.com
Brookmount Gold X Profile: https://x.com/brookmountgold
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.
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