Pacific Gold Corp. Eyes Significant Revenue Growth with Black Rock Canyon Gold Mine

Strategic Insights -

Pacific Gold Corp., a small-cap mineral exploration company, has announced the commencement of gold production at its Black Rock Canyon alluvial gold mine, located in Lander County, Nevada. The mine is owned and operated by Nevada Rae Gold, Inc., a 100% owned subsidiary of Pacific Gold Corp. With gold trading near $600, the company's revenues for the first twelve months of gold production at Black Rock Canyon could reach as high as $6 million, with an estimated EBITDA of up to $2.8 million once the mine is at full production.

Key Takeaways:

  • Pacific Gold Corp. has begun gold production at its Black Rock Canyon alluvial gold mine, located in Lander County, Nevada.
  • The mine is owned and operated by Nevada Rae Gold, Inc., a 100% owned subsidiary of Pacific Gold Corp.
  • Estimated revenues for the first twelve months of gold production at Black Rock Canyon could reach as high as $6 million.
  • EBITDA for the first twelve months of gold production at Black Rock Canyon is estimated to be up to $2.8 million.
  • Pacific Gold Corp. has a 100% interest in the Black Rock Canyon property, with an estimated resource size of up to 500,000 ounces of gold.
  • The mine is expected to have a mine life of over 20 years, based on the estimated resource size.
  • The company is also exploring additional potential acquisitions, including the Butcher Boy project, which is currently in the planning and permitting phase.
  • Pacific Gold Corp. has a mission to acquire up to $2 billion of mineral deposits by 2009, with the acquisition of Project W, a large tungsten-based deposit, marking a significant step towards achieving this goal.

Statistics:

  • Estimated revenues for the first twelve months of gold production at Black Rock Canyon: $6 million
  • Estimated EBITDA for the first twelve months of gold production at Black Rock Canyon: $2.8 million
  • Estimated resource size of the Black Rock Canyon property: up to 500,000 ounces of gold
  • Mine life of the Black Rock Canyon property: over 20 years
  • Number of shares outstanding for Pacific Gold Corp.: 56,000,000

Sources:

  • Pacific Gold Corp. press release (September 2006)
  • M2 Communications Ltd (October 2006)
  • Kaufman, David. "Pacific Gold Corp." The Street Review (October 2006).
  • Pacific Gold Corp. Annual Report (2005)