Barkerville Gold Mines Ltd (BGM)

Barkerville Gold Mines Ltd (BGM) is a mining company with gold assets in central BC’s Cariboo region. The company is focused on finding and mining high-grade gold deposits across the Cariboo Mining District of British Columbia. With mineral rights covering 1,950 square kilometers and a strike length of 67 kilometers, BGM boasts a historically rich land package. The management change in mid-2015 led to unlocking the fundamental structural controls of gold mineralization, with the Brownfield’s exploration team concentrated on developing a mineable resource within the principle project area near Wells, British Columbia. The Greenfield’s team is developing exploration assets throughout the remaining land package. The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain, generating near-term cash flow and de-risking the project. The QR mill, a fully owned and permitted facility located approximately 110 kilometers away from Wells, processes material from deposits. In 2019, Barkerville Gold Mines was acquired by Osisko Gold Royalties in a $50.00M Post-IPO debt investment by the National Bank of Canada.

Overall, Barkerville Gold Mines Ltd is an established mining company with a strong focus on gold exploration and development in a region with a rich mining history. The recent investment from Osisko Gold Royalties and National Bank of Canada indicates confidence in the potential of BGM’s projects, particularly the Cariboo Gold Project. With a strategic approach to both Brownfield's and Greenfield's exploration, as well as operational focus on generating near-term cash flow, BGM presents an interesting investment opportunity in the mining sector.