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 From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 6.4 million
EBITDA Margin
50 - 60 %
Industries
Local Time
11:54 AM United States
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 3 million for 25.0% annual interest, 5.0 years (Native Currency: CAD 4,000,000)
Reason: Buying gold mine claims and new machines.
Collateral Available: USD 190 thousand
Includes physical assets worth USD 1.5 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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
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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