Brookmount Gold Announces Financial Results for 2024

Link: https://www.otcmarkets.com/otcapi/company/dns/news/document/79327/content

Brookmount Gold Announces Financial Results for 2024:

Reno NV: Dec.23 2024.

- Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC:BMXI), a

leading gold exploration and development company, today announced its financial results for

the year ended November 30, 2024.

Revenue for the 12 months reached $18.4 million, an increase of approximately 8.2% over the

corresponding result of $17 million in 2023. 100% of revenue during the year was comprised of

direct sales of gold.

Net income for 2024 was approximately $9.3 million, representing an increase of 4% over the

prior year result of $8.9 million, primarily reflecting the impact of higher gold prices during

the year.

"We are pleased to report that The Company has continued the positive trend of performance

of the past 3 years”, commented Nils Ollquist, CEO of Brookmount Gold. “As our shareholders are

aware, in late 2024, Brookmount finalized the acquisition of full operational control and

ownership of its Indonesian gold production operations." Mr Ollquist continued: “During

December 2024, we successfully transitioned management control while retaining key

employees to ensure ensure a seamless transition process. From January 2 2025 Brookmount

will orchestrate every aspect of the operation, including drilling, mining, processing and

sales. Our focus in the ensuinq quarter will be to implement improved operational systems

and mining and safety protocols which we believe will lead to higher production levels and

cash generation from gold sales.” Mr Ollquist concluded: “Over the past year, the global

political situation has been profoundly impacted by wars in the Middle East and Ukraine,

fears of conflict over the continuing independence of Taiwan and significant increases in

global inflation rates. Partly as a reflection of these trends, the price of gold has recently

been increasing steadily and is now pushing $2,700/oz. Having completed the acquisition of

our Indonesian gold operations, the Company will be well positioned to take advantage of this

trend.

The Company plans to host an investor conference sometime in mid January 2025, to discuss

financial results and provide an update on its strategic plans. Futher information will be made

available shortly ”

Founded in 2018, Brookmount Gold is a high-growth gold-producing Company incorporated and

quoted on OTC Markets in the United States (OTC: BMXI) (BMXI.US) with operating gold mines

in Southeast Asia and exploration and production assets in North America. In addition, the

company is actively looking to secure 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 the 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.