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Additional information
Additional Information
Market: OTC
Sector: Gold Mining
Epic: BULM
News: Latest news
Web Site: Bullion Monarch Mining
Other Articles: 20-07-201013-07-201006-04-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Bullion Monarch Mining

Bullion Monarch Mining

Bullion Monarch Mining is a natural resource company that acquires mining properties to explore and develop. Bullion believes it has excellent mining properties in Northern Nevada and throughout the Western United States.  Newmont’s new, large Leeville underground mine and he East Ore Body Mine are currently producing royalty payments to Bullion. The company also acquired a 60% interest in EnShale, Inc. in 2005 (now 80%) in order to profit from the growing demand for oil by mining and processing oil shale into oil products.

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Tuesday, March 16, 2010

Bullion Monarch third quarter revenues rise as royalty income from Newmont operation jumps

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Precious metals royalty and resource development company, Bullion Monarch Mining (OTC:BULM) announced record quarterly revenue of  US$1.5 million for the company's third quarter ended January 31, 2010 (Q3 2010), up approximately 49% from the same period in 2009.

The jump in revenues was due to increased grades and volume at the Leeville underground gold mine in Nevada’s Carlin Trend , which is operated by Newmont Mining (NYSE:NEM).   Bullion Monarch has a 1% royalty gross smelter royalty from the area that includes not only the Leeville Mine, but the Four Corners deposit and North Lantern deposit, but which are being developed by Newmont, Bullion Monarch stated.

"Bullion Monarch remains profitable, debt free and continues to invest in mining projects from cash flow in order to avoid dilution of shareholder equity,” Don Morris, President and CEO of Bullion Monarch stated this morning, “We have never been more confident about the long-term stability or future growth potential of this company."

Bullion Monarch Mining, incorporated in 1948, merged in 1969 with M.M & S Exploration, which was founded by the father of Don Morris, the current CEO and President of Bullion Monarch.  M.M & S was a pioneer in the Carlin gold belt of Nevada, which contains around 200M ounces of gold and which, with cumulative production to date of around 75M ounces has produced more gold than any other mining district in the United States.

Bullion’s current business model is to explore and acquire land positions, either in close proximity to major mining operations or on properties with known deposits, and to obtain production and revenues from them, either by sales with retained royalties or joint ventures, so that it can keep liabilities and expenses low, and profit potential high.

Since 2006 the company has also expanded its focus from gold to include oil shale through its acquisition of 80% of EnShale Inc, which holds mineral rights to 4,650 acres of Eastern Utah and a proprietary technology for extracting oil from oil shale. Bullion’s current portfolio now comprises interests in six projects in the US and two in Brazil.

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