Owing to the price action in gold in the past few weeks, it is quite natural that investors have become more and more interested in the gold exploration companies. One of the companies from the sector that could be worth tracking at this point is Brookmount Gold (OTC:BMXI). It is a profitable gold mining company that boasts production operations in Indonesia and many investments in North America.
This past Friday, the company had been in the news cycle after it came up with updates with regards to three key milestones that it would hit soon. The Chief Executive Officer of Brookmount Gold, Nils Ollquist, noted that there were three major milestones that ought to be kept in mind in the near future. One of those would be the completion of the PCOAB audit consisting of several years of the company’s financial statements; the second would be the buyout of Brookmount Gold’s joint venture based in Talawaan; and the last one would be the spinoff of the company’s gold assets in North America.
Ollquist then went on to provide information about the upcoming milestones in granular detail. He noted that the completion of the audit was going to be a highly important milestone, and the company had already hired the services of the respected Sydney, Australia-based audit firm Hall Chadwick Group for the purpose.
The buyout of the Talawaan joint venture had been in the works for many years, he noted. Due to the long and close relationship that Brookmount Gold enjoyed with the joint venture partner, it was possible to agree on favorable terms for acquiring full control of the venture by the end of June 2024. Lastly, he noted that the Brookmount Gold management had been intent on building a world-class operation, and a part of that aim had been related to building a considerable presence in the gold mining sector in North America.
