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Businesses For Sale   >>   Metals Manufacturing Businesses For Sale

Central American Gold Mine For Sale

Location  Honduras
Asking Price Range  > $35.0M
Gross Revenues  $4832199
Net Profit / Cash Flow  $1760188
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2003
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  Negotiable as needed
Reason for Sale  Divestiture

Description  
Operating NI43-101 gold mine in Central America with estimated reserves of 1,000,000 to 2,000,000 ounces. The concession has a total area of approximately 200 hectares -- the current mining operation occupies about 20 hectares. From 2003 to the present, the owners invested approximately $10,000,000 in updating, modernizing, defining and expanding the operation at the local mine site to increase gold production. They employ a cyanide leaching process and last year installed a processing ADR Plant capable of recovering up to 3,000 ounces of gold per month and are in the process of expanding the recovery field to accommodate operations for the next three to four years. Asking price is $65,000,000.


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