LKA acquires and develops properties in politically stable jurisdictions capable of yielding high profit margins even during volatile economic conditions. The Company looks for projects in advanced stages of exploration that can cash flow in a relatively short period of time. This usually requires taking on projects the majors won't touch.
With a production history of 140,000 ounces of gold at an astonishing average ore grade of 13.17 ounces gold per ton and an average production cost of less than $150 per ounce, LKA has proven that, with the right properties and management team, enormous capital investment and muti-decades of development are not necessarily required to achieve profitable gold production. LKA believes its mine exploration/development strategy is highly effective in maximizing earnings while minimizing investor risk.
Company Website - http://www.lkagold.com
Here is an excellent forward looking presentation, done back in July 2013
And the most recent presentation
And here's the historical ore shipments
Here's a letter from April written by their current geologist
Interwest Transfer Co.
P.O. Box 17136
Salt Lake City, UT 84117
LKAI Security Details
|Market Value1 ||$11,849,530 ||a/o Oct 15, 2013 |
|Shares Outstanding ||14,811,913 ||a/o Aug 14, 2013 |
|Float ||Not Available |
|Authorized Shares ||Not Available |
|Par Value ||0.001 |
|Shareholders of Record ||49 ||a/o Apr 01, 2013 |
- Capital Change=shs decreased by 1 for 2 split. Ex-date=03/15/2013.
Short Selling Data
Click for most current ss filings on OTC
Recent Company Milestones:
Q-1 2013 - Golden Wonder exploration ore shipments up 90% over year-ago period.
Q-1 2013 - Completes donation of historic Ute Ulay mill & townsite to Hinsdale County.
Q-1 2013 - Completes restructuring - name change & elimination of all long-term debt.
Q-4 2012 - Second Consecutive Year of Exploration Profit. Up 147%
Q-4 2012 - 2012 Gold sales from exploration up 100% over previous year.
Q-3 2012 - Net gold sales from exploration program hit $3.2 million.
Q-3 2012 - Reaches agreement with all Company note holders to convert $1.5 million in debt to equity. All long-term financial obligations extinguished.
Q-2 2012 - Gold ore sales increase 337% over year-ago period as LKA records its second profitable quarter since exploration program began. Only profitable gold exploration company in mining sector.
Q-1 2012 - First quarter ore deliveries (bulk samples from exploration) up 183% over year-ago period. Grade continues to rise (2.48 oz. per ton) as ore sales continue to cover expense of Golden Wonder exploration program. Q-4 2011- Gold values from exploration exceed $1.27 million for the year and produce a profit at the "project level" for 2011.
Q-4 2011 - LKA and Premier Gold Mines (PG:TSX) sign agreement to expand Golden Wonder exploration across a much wider area beyond the current workings.
Q-3 2011 - Gold ore sales from exploration result in the Company's first profitable quarter.
Q-1 2010 - A bulk sample of 128.6 tons was shipped to the Echo Bay-Kinross milling facility in Republic, WA. The average ore grade was 2.04 ounces ( 57.83 grams) gold per ton.
Q-3 2009 - LKA establishes the existence of high-grade gold bearing structures 100' beyond previous production zone. Over forty vein samples in this area yielded average assays of 16.92 ounces gold per ton. Q-2 2009 - LKA's first bulk ore sample off 88 dry weight tons shipped to Teck-Cominco's smelter in Trail, B.C.
This first bulk sample averaged 3.85 ounces (109 grams) per ton.
LKA International, Inc.
3724 47th Street Ct. N.W.
Gig Harbor, WA 98335
Phone (253) 514-6661