Business for Sale Overview:
Looking for an Investor or Owner/Operator. The mine is a "turnkey" operation. There is an experienced management team and operating crew ready to run the gold mine for a new owner, if needed. The financial projections yield a net profit of $770,000 per Month! Based upon a gold price of $500/oz (current price is around $680/oz), the reserves have an estimated value of $200,000,000. Operations were shut down in 2004 when the mine was to be sold. Sale price includes 39 mineral claims and equipment. A 43-101 geologists report was recently completed and available.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Market Competition and Expansion:
Gold is currently around $680/oz and expected to increase.
Reason for Selling:
The owners have a successful technology company which requires 100% of their time.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: