$BMXI Brookmount Explorations, Inc. Reports Profit
Post# of 23
(Total Views: 291)
Posted On: 05/23/2018 9:08:59 AM
$BMXI Brookmount Explorations, Inc. Reports Profit From OperationsPress Release | 05/23/2018
LOS ANGELES, May 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC:BMXI) announced that The Company has reported net profit in excess of $900k on revenue of $2.2 million for the eight (
month period to February 28, 2018. As foreshadowed in last months operations progress report, Brookmount’s gold mining operations in Indonesia exceeded expectations across the board as production both from its facility in Manado and its heap leaching operations in Northern Sulawesi increased, resulting in total output exceeding 1,650oz of Phase 2 (99% pure) gold.
The directors confirmed ongoing efforts to continue improvement in yields and expansion of its reserve of recoverable ore through acquisition of additional high yielding areas, particularly in the northern part of Sulawesi Province, an area which has been extensively surveyed by Newmont Mining Group, one of US’ largest mining conglomerates.
Brookmount conducts its gold mining and processing operations through its Indonesian subsidiary incorporated in Sulawesi Province, Republic of Indonesia, one of Asia most dynamic and rapidly expanding economies with extensive reserves of natural resources and minerals including timber, coal, gold and hydrocarbons.
Safe Harbor Statements:
LOS ANGELES, May 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC:BMXI) announced that The Company has reported net profit in excess of $900k on revenue of $2.2 million for the eight (
month period to February 28, 2018. As foreshadowed in last months operations progress report, Brookmount’s gold mining operations in Indonesia exceeded expectations across the board as production both from its facility in Manado and its heap leaching operations in Northern Sulawesi increased, resulting in total output exceeding 1,650oz of Phase 2 (99% pure) gold. The directors confirmed ongoing efforts to continue improvement in yields and expansion of its reserve of recoverable ore through acquisition of additional high yielding areas, particularly in the northern part of Sulawesi Province, an area which has been extensively surveyed by Newmont Mining Group, one of US’ largest mining conglomerates.
Brookmount conducts its gold mining and processing operations through its Indonesian subsidiary incorporated in Sulawesi Province, Republic of Indonesia, one of Asia most dynamic and rapidly expanding economies with extensive reserves of natural resources and minerals including timber, coal, gold and hydrocarbons.
Safe Harbor Statements:
(1)
(0)Brookmount Explorations Inc. (BMXI) Stock Research Links
Scroll down for more posts ▼