BOGO.v "Inside the Boardroom" Interview Breakdown Borealis Mining Corp. (TSXV: BOGO) recently marked a significant milestone with its listing on the Toronto Venture Exchange and the completion of its first gold pour at its Borealis Project in Nevada.
In a recent interview with CEO.CA, Kelly Malcolm, the CEO and Director of Borealis, discussed the company’s journey, its strategic focus, and its unique production-backed exploration approach. Notably, BOGO has experienced substantial share price appreciation since its initial listing less than a month ago.
BOGO's Borealis Project, is a fully permitted mine located in Nevada, stands out due to its extensive existing infrastructure, including roads, power supply, water wells, a fully operational ADR facility, and a permitted heap leach operation.
Historically, 600,000 ounces were mined at the project through open-pit oxide heap leaching, at a grade of 1.7 or 1.8 grams per ton, with excellent recoveries exceeding 70%.
One of the key achievements highlighted in the interview was the company's recent first gold pour of 2024.
Malcolm explained that Borealis is well-positioned to conduct regular gold pours in the coming months by further processing stockpiles and adding fresh cyanide to the heap leach pads.
This production capability, Malcolm noted, is a significant advantage for Borealis, allowing the company to generate revenue while continuing its exploration efforts.
This expected cash flow is also expected to help the company minimize shareholder dilution.
The company has strong shareholder support, with Rob McEwen holding around 16% of the company along with significant insider ownership and a number of institutional holders.
Looking ahead, BOGO plans to continue its exploration activities while exploring acquisition opportunities to grow its portfolio.
The company’s strategy involves targeting smaller, high-margin projects that can complement its existing infrastructure at the Borealis Project.
This approach allows Borealis to expand its operations without needing large-scale discoveries, instead focusing on profitable smaller deposits that can be mined efficiently.
Overall, Borealis Mining is positioning itself as a unique player in the junior mining sector, leveraging its production-backed exploration strategy to drive both near-term revenue and long-term growth.
Full interview here:
Posted on behalf of Borealis Mining Company Ltd.