Alaska Gold Mine - 920 Acres of Mineral Rights

Fairbanks, AK (Fairbanks North Star County)

Gold turns into cash
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Asking Price: $2,500,000

Cash Flow: $165,000

Gross Revenue: $442,000

EBITDA: $183,000

FF&E: $116,000

Inventory: $366,000

Established: 2010

Alaska Gold Mine - 920 Acres of Mineral Rights

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Business Description

Operational Alaska Gold Mine with 920 Acres of Mineral Rights

Jubilee Mine on Prospect Creek - an operational surface placer gold mine in Alaska offers modest cash flow and massive growth potential. Production could be doubled with an additional investment of only $250k-$500k. The business owns mineral rights on 920 contiguous acres on Federal land, 5 hours by car from Fairbanks, AK, and 30 miles south of the airport at Coldfoot, AK. Of the 920 acres of mineral rights, so far only 50 acres have been mined. Reliable drilling records are available along with an expert geological study and prospect maps of the land.

Detailed Information

Fairbanks, AK
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Limited mining operation with huge growth potential. The operation produces on average one ounce of gold per hour by running 70-80 yards of material per hour.
There is always a ready market for gold. The gold is currently being sold to refiners in Fairbanks, Alaska.
Growth & Expansion:
With additional capital investment, these 920 acres of mineral rights could be mined much more rapidly. Only 50 acres have been mined thus far.
Support & Training:
Two weeks at the beginning of the mining season in June and one week at the end of the season in September. Further consulting would be available by mutual agreement between buyer and seller.
Reason for Selling:
Owner has insufficient capital to mine all 920 acres.
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(from currently available funds)
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John Hornblower

Business Listed By:
John Hornblower

VR Business Brokers Aspen, CO

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