Armenian Gold-Silver mine will IMO be a Company Cash Cow3 Feb 2026 02:36
Based on recent mining licence renewals and operational updates, the Karaberd mine in Armenia (operated by Assat LLC, a subsidiary of IMC Exploration Group) is permitted for underground extraction of 30,000 tonnes of ore annually, with rights to extract up to 1,274 kg of gold (approximately 40,960 ounces) and 2,310 kg of silver per year. 40,960 oz of gold pa @ $4700 an oz of gold = 192,512000 per year. Also Silver will give $6,832,980 per year all from Armenian mine = almost $200 million a year from this company asset. I think i have that right. IMO & DYOR.
The Company is listed on the main board of the London Stoke Exchange & Evaluating a dual listing on the Armenian Stock Exchange. I was wrong saying they where already listed on the Armenian Stock Exchange.