Award Winning Placer Gold Mine in Yukon Territory

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Asking Price:
$10,500,000

Gross Revenue:
$4,326,000
Cash Flow:
$1,300,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$375,000
included in asking price

FF&E:
$5,724,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Kitco News recently reported that gold will rally 22% in 2019! And The Conference Board of Canada says that new gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years. This operating mine has a contiguous block of 423 mining claims covering over 7,500 acres in Yukon Territory. This is the largest group of virgin, un-mined main valley claims remaining in the Yukon Gold fields. There are hard assets worth approximately $5.7 Million USD including heavy earth-moving equipment and a camp and there is an experienced crew. There is an additional inventory of parts and supplies included in the sale. The seller is available to stay involved on a consulting basis after the initial training. PRINCIPALS ONLY. For additional information contact Mike Faust or use this ad’s email reply.

About the Business

Location:
Dawson City, Yukon Territory
Year Established:
2014
Number of Employees:
20
Facilities:
Seller is active in the business with 15 Full Time employees and 5 Independent Contractors. Hours of operation are 7 days per week, 12 hours per day from March 1st through September 30th. $375,000 in Inventory and $5,724,000 in FF&E included in the Asking Price. Assets include ~ 5% of Estimated Gold = $7,480,000 USD. Water License and Land Use Permits to 2023 Required.
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About the Sale

Reason For Selling:
Other Business Interests
Training/Support:
30 Days
Seller Financing:
$6.75M Down with 3 Annual Payments @ 4.5% Interest

Listing Info

ID:
1593013
Ad Detail Views:
0

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Business Listed by

Mike Faust

First Choice Business Brokers
License# BS.0065777

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Sponsoring Broker:

Jeff & Linda Nyman
First Choice Business Brokers
License# B.0034047/BS.0034179.MGR


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