Business For Sale

Rich Gold Mine In Arizona

MOHAVE, AZ
Mohave County


Asking Price: Annual Revenue:
$25,000,000 $478,800,000

Manufacturing: Mining


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RE: Rich Gold Mine In Arizona Broker: Mel Lisiten

Quick Facts

Asking Price: $25,000,000
Annual Revenue: $478,800,000
Net Profit: Not Disclosed
Cash Flow: $60,000,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1920
Employees: 3
BBN Listing #: 69405287
Broker Reference #: C4440509

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Business Overview:

This a 60 acre 3 patented load claim mines . There is approximately 3.5M tons of ore above ground that according to 2011 assay report with 3.3M oz. of recoverable gold. There is double the amount of silver. At today's prices for gold there is $4.4 Billions in reserves above ground. The vien of gold in the ground is viable but reserves are unknown. Operations can start without permits to process 1,500 tons of ore per day, resulting in 1,400 oz of gold per day or $40MM per month. Even assuming high operational cost of 25% the net annually would be $360MM. All numbers are estimates based upon assay reports and potentially high operating cost.There is also an abundance of Silver and rare Earth Metals.

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Market Competition and Expansion:

If the buyer decides to do reclamation work to process the over 3MM ton of ore on the ground no permits are needed. There is available land and roads to set up operations that have access to electricity. To do reclamation work, a front end loader, hual truck and crusher at a minimum would be necessary.

Reason for Selling:

Illness and age of owners.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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