Brookmount Gold Corp (OTCMKTS:BMXI) Stock Extends Rally: Here is Why

Brookmount Gold Corp (OTCMKTS:BMXI) has been working diligently in order to expand its portfolio in North America and yesterday it announced that it had managed to add another exploration asset to its portfolio in the continent. The gold mining company mainly operates in Asia and North America.

Trading Data

On Wednesday, BMXI stock surged 4.27% to $0.1220 with more than 358.24K shares, compared to volume of 505.46K shares. The stock moved within a range of $0.1185 – 0.1265 after opening trade at $0.1222.

Brookmount Gold Expands Portfolio With a Third North American Acquisition

Yesterday the company announced that it had managed to complete the acquisition of a 70% stake in a gold mining operation situated in the Atlin Gold Belt in the North Western British Columbia region of Canada. The company, whose shares are listed on the OTC Markets, also announced yesterday that it was aiming to start exploration at the new property at some point in the third fiscal quarter.

Internally the company named it the Atlin Project and it encompasses an area of as much as 100 hectares. It is a historic hard rock mine and has a proven record of having been able to produce precious minerals. As per the geologists at Brookmount Gold Corp there is still ‘substantial’ room for expansion at the mine. The latest acquisition could well prove to be a major new addition to that company’s North American portfolio and could be a good time to add the Brookmount Gold Corp stock to your watch lists.