Borealis Mining Company Ltd V.BOGO

Cash Flow Over Dilution: BOGO Achieves 2nd Gold Pour of 2024

[1StockInformer]

Borealis Mining (Ticker: BOGO.v) continues to advance its near-term gold production opportunity at the Borealis Gold Project in Nevada. By utilizing the site’s established infrastructure and a successful history of gold extraction, the company is unlocking further value from this past-producing operation.

The Borealis Mine is situated near Hawthorne, Nevada, a site with a proven history, having produced over 600,000 ounces of gold through open-pit heap leaching. The 15,020-acre property remains under-explored, offering significant exploration potential.

The site benefits from ready-to-use infrastructure, including active leach pads and a fully operational ADR (Adsorption, Desorption, and Recovery) facility, positioning it for potential expansion and further exploration.

BOGO's key recent developments include:

• Increased Investor Visibility:

  •  BOGO listed on the Frankfurt Stock Exchange broadening its reach to European markets and enhancing its global appeal.

  • The company is participating in key industry events throughout October to further strengthen its presence

• Second Gold Pour:

  • The company achieved its second gold pour of 2024 at the on-site ADR facility, highlighting steady progress in its production ramp-up.

  • The pour yielded approximately 1,625 troy ounces of dor bars with 229 troy ounces of gold and 162 troy ounces of silver.

  • BOGO is generating revenue through this initial gold production, supporting its operations while minimizing dilution. 

With ongoing production, a fully permitted mine, and significant exploration potential, Borealis Mining is well-positioned to deliver value as it advances toward its goal of restarting gold mining at the Borealis Gold Project

More here: https://borealismining.com/2024/10/borealis-completes-second-gold-pour-of-2024-and-lists-on-frankfurt-stock-exchange/

Posted on behalf of Borealis Mining Company Ltd.