Brookmount Exploration Inc (BMXI)

[sharky]

the Company has reported net profit of $437k on revenue of $1.04 million for the 3 months to August 31, 2018, representing an increase of 25% and 22% respectively on the comparable results for the prior quarter ended May 31. The stronger result for the period was mostly a reflection of higher contracting revenue from third party processing at the Company’s Talawaan facility. Management will continue to focus on expanding capacity at its heapleaching operations in the Alason area as operating yields continue to improve.


Anticipated sales for the fiscal year to 11/30/2018 in excess of $3.5 million, generating profit from operations exceeding $1.5 million. In addition to revenue recorded from sales of gold produced during the year, the final result is anticipated to include approximately $2 million in additional revenue as a result of the arrangement, concluded by The Company during the last quarter, whereby The Company acts as sales agent for a select group of producers in the region. The Company, in conjunction with its auditor ShineWing Australia, is in the process of completing an audit of its operations for the past 2 financial years in order to transition to fully reporting status.



$BMXI