Compared to most newly listed junior mining companies, Borealis Mining (BOGO.v) has performed exceptionally well as detailed in Allan Barry Labourcan, the founder of Rocks and Stocks News, latest insight:
https://x.com/allanbreports/status/1841492034126815406 While it was still private, notable mining investors Eric Sprott and Rob McEwen invested in BOGO with McEwen being the largest shareholder, owning about 16% after purchasing shares from the project's vendor, Waterton.
Since going public, BOGO has traded above the C$0.50 level, showing strength with little selling pressure from early investors due to strong hands holding pre-public shares.
Key developments ahead include:
- Gold production from material on the leach pad and stockpile.
- Pending drill results, with some focused on the sulphide zones near the largest high-grade oxide gold pit, where historical drilling revealed thick intersections of high-grade gold.
With a fully operational Borealis Gold Mine in Nevada that boasts a historic, non-current resource estimate of approximately 1.8 million ounces of gold with considerable exploration upside, BOGO is steadily advancing toward its goal of producing 100,000 to 150,000 ounces of gold annually.
Focused on both gold production and resource consolidation, BOGO is positioning itself for long-term growth in the region.
For more information, refer to this deep dive:
https://www.reddit.com/r/Wealthsimple_Penny/comments/1flqn9a/video_summary_post_borealis_mining_corp_tsxv_bogo/ Posted on Behalf of Borealis Mining Company Ltd.