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Bullboard - Stock Discussion Forum Borealis Mining Company Ltd V.BOGO

Alternate Symbol(s):  BORMF

Borealis Mining Company Limited is a Canada-based gold mining and exploration company focused on exploration and resumption of production of the Borealis Mine in Nevada. In addition to the mine, the property, comprised of about 751 unpatented mining claims of approximately 20 acres each totaling approximately 15,020 acres and one unpatented mill site claim of about five acres located in western... see more

TSXV:BOGO - Post Discussion

Borealis Mining Company Ltd > Cash Flow Over Dilution: BOGO Achieves 2nd Gold Pour of 2024
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Post by 1StockInformer on Oct 16, 2024 7:17pm

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

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.

r/smallstreetbets - Cash Flow Over Dilution: Near-Term Gold Junior Borealis Mining (BOGO.v) Achieves Second Gold Pour of 2024 at Borealis Project in Nevada

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.

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