Small Gold Mines, Big Profits: A Contrarian Mining Strategy "Small Gold Mines, Big Profits: A Contrarian Mining Strategy" - Borealis Mining (BOGO.v) CEO Kelly Malcolm on The Deep Dive: https://www.youtube.com/watch?v=L9KO1w2or5k
Joining the Deep Dive, BOGO's CEO Kelly Malcolm detailed the company's mining strategy and current drill program at its Belleterre Gold Project in Nevada, as summarized below.
Project Highlights
- Location: Nevada's Walker Lane trend, a top-tier mining jurisdiction.
- Assets: Fully permitted mine with extensive infrastructure, including heap leach pads and ADR facilities.
- Historical Production: Over 600,000 ounces of gold.
- Focus: Resuming operations and expanding resources.
Strategic Goals
- Resource Expansion: Actively drilling high-grade exploration targets to grow resources.
- Production Resumption: Preparing to resume full-scale production by fall 2025.
- Low-Cost, High-Profit Strategy: Emphasizing profit maximization over ounce production.
- Acquisition Strategy: Targeting smaller, high-margin projects to build a portfolio of cash-generating assets.
Current Progress
- Drilling Program: Exploring known mineralization in historical high-grade zones while compiling data for a regional exploration campaign launching mid-2025.
- Bulk Sampling: Permitted for a 55,000-ton underground bulk sample and processing a 330,000-ton stockpile for heap leaching.
- Operational Efficiency: Optimizing operations to minimize costs and maximize returns.
Leadership Vision
Kelly Malcolm, with a background in large-scale projects like Detour Gold, is leveraging his experience to build a mid-tier mining company, emphasizing:
- The importance of smaller, high-margin projects over massive, high-cost operations.
- A focus on sustainable, cash-flow-driven growth.
What’s Next?
- Production: Resuming mining operations by 2025.
- Drilling Results: Expanding resource base and confirming existing deposits.
- Acquisitions: Seeking additional assets to strengthen the company’s portfolio.
Borealis Mining's approach combines robust infrastructure, strategic acquisitions, and a focus on profitability to strategically position itself to deliver value through experienced leadership, optimized strategy and high-grade gold operations.
For more information, refer to this deep dive: https://www.reddit.com/r/wallstreetsmallcaps/comments/1gvcmhu/interview_summary_borealis_mining_bogov_reports/
Posted on Behalf of Borealis Mining Company Ltd.