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Gold Mining Business Seeking Loan in Yukon Territory, Canada

Gold mine acquired on lease for 10 years seeks funding to start operations.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Other
Reported Sales Nil
Run Rate Sales USD 6.4 million
EBITDA Margin 50 - 60 %
Industries Gold Mining
Locations  Yukon Territory
Local Time 1:51 PM America / Chicago
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 3 million for 25.0% annual interest, 5 years (Native Currency: CAD 4,000,000)
Reason: Buying gold mine claims and new machines.
Collateral Available: USD 180 thousand
Includes physical assets worth USD 1.5 million
Interested to connect with advisors
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Business Name
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Documents
Business Plan
Business Overview

- Business wants to operate in gold mining.

-The mine is on lease for 10 years taken from the Govt. of Yukon.

- There are 156 virgin claims which will take around 60 years to get over.

- First 50 claims are drilled tested and has potential of 93.000 crud ounce of gold.

- We have also found silver minerals.

- Have few service machines to carry out the operations.

- We need to buy machinery to start the company in a proper form.

- All the machinery will cost around CAD 2 million.

- Expected to generate a revenue of CAD 7,25,000 at the end of first year.

Products & Services Overview

- Gold mining.

Facilities Overview

Leased mine for 10 years.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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