Silver Bullet Mines expands revenue streams with potential gold processing deal
Vancouver
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November 02, 2023 01:14 PM Eastern Daylight Time
Silver Bullet Mines Vice President of Capital Markets Peter Clausi joined Proactive's Stephen Gunnion with details of a potential third revenue stream from gold processing.
Clausi highlighted how the company's strategic approach diverges from traditional mining companies, focusing on its unique mill in Globe, Arizona, which enables it to process materials, not limited to their own mines but also from third parties.
A third-party investor/client sought Silver Bullet's expertise to process gold concentrate, as it couldn't achieve the desired gold purity elsewhere, Clausi explained, adding that the collaboration represents a significant opportunity for the company.
Remuneration for the work being done for the third will be determined after Silver Bullet's receipt of the material and initial evaluation.
Clausi said the third party has advised it has a substantial stockpile of similar material to be processed by Silver Bullet's mill, assuming this test run is successful.
The other two revenue streams include silver production from the Buckeye mine, known for its high-grade mineralized area, and its Washington mine in Idaho which it plans to bring online once stable production is established in Arizona.
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