Brookmount Gold Increasing Workforce and Area Mined at Indonesian Gold Operation
Brookmount Gold Increasing Workforce and Area Mined at Indonesian Gold Operation Company to Announce Plans to Pay a Special Dividend Later This Quarter
Reno, Nevada, March 13, 2025 – Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: “BMXI”), a gold exploration and production company, is pleased to announce that, following a successful series of trial production runs at its newly managed Indonesian production area, management has now finalized an operating plan to extract significantly more gold from its expanded number of operating shafts.
Ore production for the second quarter (March 1- May 31) will increase, with gold being extracted from a total of four operating shafts, two vertical and two horizontal, in two contiguous locations on the property. Commencing early next month, a new group of forty contract miners from Indonesia’s main island of Java, a number that will increase to sixty by May, will conduct mining at the four shafts with sixteen miners undertaking two shifts in order to operate the mine on a 24 hour basis.
With each shaft producing 150 bags of ore, total daily production is projected to be 600 bags (approx.36 tonnes) of ore. The operating budget assumes an average ore grade of 0.8 grams/ore bag (16 grams/tonne), a number lower than the testing results, and a purity ratio of 60%, also below historical averages. This will result in monthly gross revenues exceeding $700,000 from operations, based on the current market price of $93 per gram ($2900 per ounce) of fine gold.
Assuming a net profit margin of 45%, in line with historical averages even at lower gold prices, our projected net monthly profit from the four operating shafts is $315,000. The Company anticipates continually increasing the number of shafts mined each quarter. Cash from operations will remain in the Company’s Indonesian bank account until remitted to our principal operating account with Wells Fargo Bank in Reno NV. Unlike prior to Brookmount establishing control of the property in December, the cash generated can be now used for expansion, paying down debt, stock buybacks or paying dividends. Brookmount anticipates quarterly revenue and profits to continue to rise exponentially as it returns to and exceeds prior operating levels during the second half of 2025.
In commenting on the Q2 Budget, CEO Nils Ollquist said: “We are excited to be able to present these quarterly expectations to our shareholders. Over the past two months, a tremendous amount of work and management time has gone into setting up our systems and protocols, including worker safety, installing new equipment, ore testing and recruiting a new and dedicated workforce. Initial trial (test) mining is now complete, and we will be upscaling our mining to the full budget on the arrival of our new contract workers at the beginning of April. As we reach higher levels of production over the remainder of the quarter, we will be working with SGS Group, Brookmount’s international mining consultants, to seek out additional high-grade ore veins on our property with a view to expanding the number of our active shafts and further build production and revenue over the ensuing quarters. SGS employs a wide range of state-of-the-art techniques for remotely detecting and imaging gold deposits at depth and has already been actively involved with the Company in analyzing gold ore samples from the company’s existing mining areas.’ Mr Ollquist concluded: “We will be making further announcements of our operational progress in Indonesia over the ensuing few months, as well as updating shareholders on the progress of our North American assets and associated special dividend later this quarter.”
About SGS
SGS is the world’s leading Testing, Inspection and Certification company. They operate a network of over 2,500 laboratories and business facilities across 115 countries, supported by a team of 99,500 dedicated professionals. With over 145 years of service excellence, they combine the precision and accuracy to ISO9000 levels that define parameters to help organizations achieve the highest standards of quality, compliance, and sustainability.
About Brookmount Gold
Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in the United States (OTC: BMXI). With operating gold mines in Southeast Asia and exploration and production assets in North America, the company is focused on building production of existing assets to scale, in addition to acquiring and developing additional highquality gold assets with JORC/NI 43-101 verified resources.
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