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Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by blackjackallon Jan 30, 2015 12:19am
122 Views
Post# 23380670

RE:BGM in arrears with BC Gov. for reclamation bonds as well.

RE:BGM in arrears with BC Gov. for reclamation bonds as well.In light of the Mt Polley disaster I doubt the government is in the mood to "renegotiate" away bonding requirements. I just don't see how or where BGM will get the money to pay the ongoing bonding requirements. Are they even mining right now since they may be in breach of bonding requirements. God forbid if there is an environmental issue at the facility and the government was dumb enough to let them extend. The government would be liable. I didn't realize the bonding issue until you highlighted it. This puts even more financial pressure on the company to say nothing of the ttrade payables and gold loan. If you don't get proper bonding there's no mining permit. No mining permit means no mining. No mining means that sound you hear off in the distance is the fat lady singing.
Bullboard Posts