Brookmount Exploration Inc (BMXI)

[rawsteel]

RENO, NV / ACCESS Newswire / June 13, 2025 / Brookmount Gold (sic. Brookmount Explorations Inc. ) (OTC PINK:BMXI), a gold exploration and production company, is very pleased to confirm that ore grades from our 4 operating mine shafts, have been steadily increasing over the past 2 weeks.. Random testing of the latest batch (7.5 tonnes) of ore heading to our crushing and processing facilities, has indicated gold grades of close to 20 grams/tonne. This represents the highest grade recorded since the Company assumed full control of our Indonesian operations, and endorses decisions taken by our mining team some weeks ago, to increase the depth of our primary shafts to a minimum 70 meters and create horizontal extraction shafts following the ore seams at greater depth. We anticipate that production and sales from our mining operations will increase significantly over the next few months as these higher yield areas are exploited.
It is certainly fortuitous for Brookmount , that potentially higher revenue from our production will, simultaneously, be positively impacted by recent and projected increases in the gold price. As at the date of this release, the price of pure (99%+) gold was US$111 /gram, having increased by close to 4% over the previous day. The commencement of hostilities in the Middle East and consequential uncertainties and risks for the global economy are driving this dynamic. Given that the majority of costs in our production process (wages) are fixed, and against the background of higher yields from our ore, as outlined above, increases in the gold price will reflect directly in higher profitability for the Company over the next few months.
As part of our effort to improve outreach and communication with our shareholders, we will continue to maintain a steady flow of updates and significant developments at both a financial and strategic level. To this end, next week we will be updating progress on the forthcoming transaction with Principal Solar, including a strategy to acquire and develop rare earth mineral assets, in collaboration with our gold asset portfolio in North Americ