Aussie-listed silver miner Black Mountain Resources, which operates in Montana and Idaho in the USA, has started trading on London's AIM as it seeks to broaden its international base prior to accelerating the company's growth strategy.
The company is already close to starting production, having picked up a 70% stake in three projects in parts of the USA which will conjure up images of old Wild West films. The Conjecture Project in Idaho, and the Tabor and New Departure projects, both in Montana, all have extensive history of exploration, development and mining undertaken by previous owners, and diamond drilling programmes are already underway at the New Departure and Conjecture projects. Black Mountain hopes to have both projects producing by the end of this year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
8 of the best properties for sale with communal gardensThe best properties for sale with access to communal gardens – from an apartment in a listed building opposite London’s Hyde Park, to a wing of a mansion with access to 180 acres of parkland in Henley-upon-Thames
-
The five insurance policies you should haveSome insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
