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Brookmount Gold Announces Financial Results for Third Quarter Fiscal 2025
Brookmount Gold Announces Financial Results for Third Quarter Fiscal 2025.
About this update from Brookmount Explorations, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Brookmount Gold Announces Financial Results for Third Quarter Fiscal 2025\r\n \r\n \r\n\r\n\r\nBrookmount Gold Announces Financial Results for Third Quarter Fiscal 2025\r\n\r\n\r\n\r\n\r\n\r\nRENO, NV, CA / ACCESS Newswire / October 21, 2025 / Brookmount Gold (sic: Brookmount Explorations, Inc.) (OTCID:BMXI), a US based gold exploration and production company, is pleased to announce that it has filed, with OTC Markets, its management report and financial statements for the third quarter of 2025, ending 8/31/25.\r\n Q3 2025 Financial Highlights:\r\n \r\n \r\n Revenue for three months was $5.04 million, a 1% increase from Q3 2024 and a 34% increase from Q2 2025. This was primarily due to ramping up production and from the increase in the price of gold. The average price of gold during Q3 2025 was $3355.\r\n \r\n \r\n \r\n \r\n Net income was $1.71 million or .01 EPS. This represented an increase of 42% from $1.21 net income the prior quarter but a decrease of 37% from the same quarter in 2024. The net earnings were significantly negatively impacted by stock based compensation and financings during the quarter that should not be recurring.\r\n \r\n \r\n \r\n \r\n The company generated $1.33 million in positive operating cash flow for the quarter compared to $102,000 during the comparable period the prior year.\r\n \r\n \r\n \r\n \r\n The Company continued increasing its mining workforce and is expanding the number of shafts in use as it builds towards the target output 1KG (32 ounces) per day within the next few months.\r\n \r\n \r\n \r\n \r\n Total Assets increased to $59.98 million compared to $57.39 million at the end of Q2 2025. This is a result of cash increasing, inventory increasing by $425,000 during the quarter, and Property, Plant and Equipment increasing $1.77 million due to investment in additional and more efficient equipment.\r\n \r\n \r\n \r\n \r\n Total Liabilities decreased 30% from $1.79 million on 5/31/25 to $1.26 million on 8/31/25. This is primarily a result of a $365,000 reduction in convertible notes.\r\n \r\n \r\n \r\n Following the conversion of the previous JV partner receivable to equity \"Land Usage Rights\" as part of the pricing structure for the acquisition of control of Talawaan earlier this year, the Company's balance sheet now carries additional value which is not reflected. This...