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Brookmount Gold, Inc. (OTC: BMXI) delivered a solid third quarter for fiscal 2025, underscoring its transformation into a profitable, expanding gold producer while setting the stage for several potentially value-unlocking catalysts in the months ahead.
Strong Q3 Financial Performance
For the three months ended August 31, 2025, Brookmount reported revenue of $5.04 million, representing a 34% sequential increase from Q2 2025 and modest year-over-year growth, driven by higher gold prices and increased production. The average gold price during the quarter was approximately $3,355 per ounce.
Net income totaled $1.71 million, or $0.01 per share, up 42% quarter-over-quarter. Management noted earnings were temporarily impacted by non-recurring stock-based compensation and financing-related expenses. Importantly, the company generated $1.33 million in positive operating cash flow, a sharp improvement from $102,000 in the prior-year period.
Brookmount also continued to strengthen its balance sheet:
- Total assets increased to $59.98 million
- Total liabilities declined 30% to $1.26 million
- Convertible debt was reduced by approximately $365,000
- Inventory and mining equipment investments increased as operations scaled
Management highlighted that the balance sheet does not fully reflect the appraised value of its mining assets, estimated at over $167 million, following the conversion of land usage rights tied to its Indonesian operations.
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Operational Momentum Accelerates
Operationally, Brookmount mined and sold approximately 41,000 grams (1,300 ounces) of gold during the quarter while expanding its workforce, increasing shaft depth, and deploying new equipment to eliminate bottlenecks. The company is now targeting 1 kilogram (32 ounces) of gold per day within the next few months.
Brookmount also completed its 2021/2022 IFRS audit and expects to finalize its 2023/2024 audits shortly, positioning the company to be fully current and audit-compliant.
Strategic Growth and Upcoming Catalysts
Beyond Indonesia, Brookmount is executing a major restructuring of its North American assets, transferring three properties in Canada and Alaska into a newly formed entity, North America Gold. Existing Brookmount shareholders are expected to receive shares via a special dividend, with further details to be announced.
The company has engaged Stantec Consulting to update its NI 43-101 technical report on its Canadian property and BDO Consulting to audit its Alaskan assets—key steps toward a planned NYSE American listing for North America Gold in Q1 2026, subject to regulatory approvals.
Additionally, Brookmount recently concluded its Reg A offering, issuing 92.75 million shares and returning the remaining shares to treasury. Proceeds were used primarily to retire convertible debt and expand Indonesian mining operations, with surplus cash reserved to fund the North American spinoff.
Why Investors Are Watching BMXI
With positive cash flow, declining debt, rising production, and multiple near-term corporate catalysts—including a potential U.S. exchange listing and shareholder dividend—Brookmount Gold is emerging as a high-growth, vertically expanding gold producer. As gold prices remain elevated and operational scaling continues, management believes the company is positioned for a materially stronger 2026.
For investors seeking exposure to profitable small-cap gold production with upcoming structural catalysts, BMXI is increasingly becoming a name to watch closely.