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Rich Gold Mine In Arizona For Sale

LISTING DETAILS
Firms For Sale ID:
32822
Vendor reference:
C4440509
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$25,000,000  
Turnover / revenue:
$478,800,000
Net profit / cashflow:
$60,000,000
Years established:
1920
Number of employees:
3

OTHER DETAILS
Reason for selling:
ILLNESS AND AGE OF OWNERS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This a 60 acre 3 patented load claim mines . There is approximately 3.5M tons of ore above ground that according to 2011 assay report with 3.3M oz. of recoverable gold. There is double the amount of silver. At today's prices for gold there is $4.4B in reserves above ground. The vien of gold in the ground is viable but reserves are unknown. Operations can start without permits to process 1,500 tons of ore per day, resulting in 1,400 oz of gold per day or $40MM per month. Even assuming high operational cost of 25% the net annually would be $360MM. All numbers are estimates based upon assay reports and potentially high operating cost.There is also an abundance of Silver and rare Earth Metals.

Expansion Potential
If the buyer decides to do reclamation work to process the over 3MM ton of ore on the ground no permits are needed. There is available land and roads to set up operations that have access to electricity. To do reclamation work, a front end loader, haul truck and crusher at a minimum would be necessary.