American Marconi Wireless News - Brookmount Gold Files Annual Report & Financial Statements for Fiscal Year 2024

FY 2024 Financial Highlights:

• Total Liabilities decreased to $1.72 million on 11/30/24 compared to $2,10 million on 11/30/23, a 4.1% decrease. This is a result of a lower negotiated tax burden.

For additional information, please visit www.otcmarkets.com for full filing details.

Nils Ollquist, CEO of Brookmount Gold commented as follows: "We are pleased, but not entirely satisfied, by our growth during the past year. During the current fiscal year, we plan to take full advantage of achieving full operational control of our mining operations in Indonesia, through seeking greater efficiency in our mining activities, expanding our number of operating shafts and improving our ore processing sequence to reduce processing times. While the initial transition process to full ownership of the mine, in the first 2 months of 2025 slowed production, the foundation for incremental growth has now been established. Our objective is that the second half of 2025 will show production higher than the second half of 2024. As the price of gold continues to rise (recently trading above $3,000/oz for the first time), and we continue to mine successfully and profitably, the future for the Company is excellent, and will be enhanced by initiatives undertaken by management to enhance the market value of its shares and reward its shareholders for their patience during the past 2 years of rapid development".

2024 Operational Highlights

• The Company launched a new social media platform to improve and streamline information delivery and communication with our stakeholders at all levels. This has led to enhanced communication and global visibility creating additional business opportunities for the company.

About Brookmount Gold

Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in the United States (OTC: BMXI). With operating gold mines in Southeast Asia and exploration and production assets in North America, the Company is focused on building production of existing assets to scale, in addition to acquiring and developing additional high quality gold assets with JORC/NI 43-101 verified resources.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "could," "anticipate," "estimate," "expect," "predict," "project," "future," "potential," "intend," "seek to," "plan," "assume," "believe," "target," "forecast," "goal," "objective," "continue" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount's common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Investor Relations Contact: [email protected]

Website: https://www.brookmountgold.com Corporate

Contact: [email protected]

Social Links: Brookmount Gold X (Former Twitter): https://x.com/brookmountgold

SOURCE: Brookmount Explorations, Inc.

View the original press release on ACCESS Newswire

M.Thompson--AMWN