Trading on the OTC Bulletin Board, Bullion Monarch Mining Inc. is a gold-focused exploration royalty company with additional interests in bauxite and oil-shale technology. They garner the majority of current royalty revenues from a high-quality claim block located in Northeastern Nevada’s Carlin Trend. The Company’s portfolio provides for direct leverage to commodity prices as well as the exploration potential of world-class ore deposits.
Bullion Monarch has three material subsidiaries. These are Dourave Mining and Exploration Inc. (Dourave Canada), Dourave Mineracao E Exploracao Mineral Ltda, and EnShale, Inc. Dourave Canada is a wholly owned subsidiary of Bullion Monarch Mining, Inc. Through Dourave Canada, Bullion Monarch holds 99.99 percent of Dourave Brazil.
Bullion Monarch Mining is collecting a 1 percent GSR royalty from an area of the Carlin Trend. Newmont operates several gold mines within this claim block. This royalty has generated revenue of in excess of $10 million USD for Bullion Monarch Mining over the last three fiscal years and continues to grow in gold production and gold reserves. Bullion Monarch owns surface and mineral rights on the North Pipeline property located in the Cortez Trend in Lander County, Nevada. They also have an interest in the Maggie Creek Property in Nevada, the Ophir Property in Utah, and a gold property near Sumpter, Oregon.
Early this month, Bullion Monarch Mining, Inc. announced net income of $0.05 per share for their Fiscal Year ended April 30, 2011 period. This compares to $0.02 per share for the previous fiscal year. Net income in the fiscal year ended April 30, 2011, totaled US $1,962,404. This represents an increase of 142 percent over the fiscal year ended April 30, 2010, when the Company posted net income of $811,393.
The Company had previously announced that they posted another annual revenue record in FY2011, with revenue of US $6,289,315. This is an increase of 20.6 percent. The increase in revenue of $1,074,712 was primarily due to increased gold prices, coupled with sustained production from Newmont mines operating on the Company’s Carlin Trend Royalty claim block.
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