|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0066 - 0.0069|
|52 Week Range||0.0030 - 0.0200|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
LOS ANGELES, June 05, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company, (BMXI) announced that The Company has entered into an operating joint venture with a Chinese gold company pursuant to which the partner will finance and construct a large capacity, 20,000 tonne leach pad and associated infrastructure on one of The Company’s properties at its Alason site. The cost of this facility, estimated at $250,000, which is being constructed using state of the art leaching technology, will be borne entirely by the Chinese partner and revenue from gold sales generated from production will be shared 25% to The Company and 75% to the Chinese partner. Given recent results from comparable sized pads adjacent to The Company’s area at Alason, it is anticipated that production should yield around 15-20kg of pure (99%) gold per cycle valued at $600-800,000, of which The Company’s share would be $150-200,000 with no capital outlay required.
LOS ANGELES, CA, Jan. 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC “BMXI”), reported anticipated sales for the fiscal year to 11/30/2018 in excess of $3.5 million, generating profit from operations exceeding $1.5 million. In addition to revenue recorded from sales of gold produced during the year, the final result is anticipated to include approximately $2 million in additional revenue as a result of the arrangement, concluded by The Company during the last quarter, whereby The Company acts as sales agent for a select group of producers in the region.
LOS ANGELES, Dec. 04, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC “BMXI”) today confirmed that the company’s auditors, ShineWing Australia, part of the ShineWing Group, the largest accounting practice in China and a member of Praxity Alliance, the world’s largest alliance of international accounting firms, is nearing completion of its review and fieldwork relating to financial statements for 2016, 2017 and the “stub” period for 2018 as required to be included in The Company’s forthcoming Form 10 filing to transition The Company to fully reporting status. It is anticipated that preliminary accounts and audit comments from The Company’s Indonesian operations will be submitted to the Melbourne head office of ShineWing Australia by the middle of December for review and compilation of the draft audit which is expected to be available by early January.
LOS ANGELES, Nov. 28, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC “BMXI”) announced that The Company has completed negotiations with a group of locally based gold producers to act as consolidating selling agent for production, sourced from mining operations in Western Minahasa. Under the terms of the proposed arrangement, first announced in August, Brookmount's local operating subsidiary, PT Puncak NAO Alason will consolidate all gold sales of up to 6 independent producers in the Alason District of Western Minahasa and act as selling agent with a view to enhancing sales price leverage with key buyers. Under the terms of the agreement with its partner operators, Puncak will receive a commission in the form of a discount of 1% of the sale price on gold subject to resale and will take responsibility for all marketing and sales. As foreshadowed in the August announcement, given that current sales of the independent producers covered under the agreement is the equivalent of $1mm per month, or approximately $12mm per annum, The Company’s consolidated revenues, including revenue from its own production, are expected to increase, as a result of this agreement, to approximately $1.3mm per month, ($15.6mm per annum).