In this interview, Kelly Malcolm, President & CEO, Director of Borealis Mining (TSXV: BOGO), outlines the company’s plans for their Nevada gold project, which boasts historical production of over 600,000 ounces.
Malcolm highlights their near-term production strategy, targeting a restart in 2025. The company benefits from significant existing infrastructure, including heap leach pads, and an ADR (Adsorption, Desorption, Recovery) facility.
In the interview, he outlines their strategic approach. With $16 million recently raised and backing from notable investors like Eric Sprott and Rob McEwen, the company aims to maximize profits rather than ounce production, targeting low-capital, high-margin operations.
The company’s growth strategy includes strategic acquisitions to expand their portfolio, advancing current drilling programs to expand resources, and utilizing their fully-permitted status to fast-track development.
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