Brookmount Gold Expands Indonesian Operations, Aims for $350g/day Gold Production

Strategic Insights -

The company's Indonesian operation has seen significant upgrades with the integration of a new workforce, expansion of mining shafts, and implementation of a 24-hour shift rotation. Brookmount Gold is optimistic about exceeding $350g/day gold production within the next 60 days, driven by high-grade ore averaging 14-20 grams/tonne. The company has also reduced worker costs by 30% since taking control and introduced a bonus system for tonnage and grade ore extracted.

Key Takeaways:

  • Brookmount Gold's Indonesian operation has increased its workforce to 100 workers by the end of June, with an additional 20 workers expected to join by the end of the week.
  • The company aims to produce over $350g/day of pure gold within 60 days, with production levels continuing to accelerate from there.
  • High-grade ore averaging 14-20 grams/tonne is expected to drive revenue, with the company's ability to maximize tonnage processed being a key factor.
  • Brookmount Gold has reduced worker costs by 30% since taking control, with per worker costs already being low by international standards.
  • A bonus system for tonnage and grade ore extracted has been implemented for each worker group.
  • Recent sharp increases in the gold price have led to Brookmount recording its most recent pure gold sales at over US $105 per gram ($3265/ounce).

Statistics:

  • Average high-grade ore: 14-20 grams/tonne
  • Projected gold production: over $350g/day
  • Reduction in worker costs: 30%
  • Number of workers currently onsite: 80
  • Number of workers expected to join by the end of the week: 20
  • Target workforce: 100 workers by the end of June

Sources:

  • Brookmount Explorations, Inc.;
  • OTC PINK:BMXI website: https://www.brookmountgold.com;
  • ACCESS Newswire;
  • Safe Harbor Statements;
  • Securities Litigation Reform Act of 1995