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Award Winning Placer Gold Mine in Yukon Territory

Dawson City, YT

Seller Financing Available
Award Winning Placer Gold Mine in Yukon Territory
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Asking Price: $11,500,000

Cash Flow: $1,500,000

Gross Revenue: $4,326,000


FF&E: $5,724,000

Inventory: $375,000

Established: 2014

Award Winning Placer Gold Mine in Yukon Territory

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Business Description

Kitco News recently reported that gold will rally 22% in 2019! And The Conference Board of Canada says that new gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years. This operating mine has a contiguous block of 423 mining claims covering over 7,500 acres in Yukon Territory. This is the largest group of virgin, un-mined main valley claims remaining in the Yukon Gold fields. There are hard assets worth approximately $5.7 Million USD including heavy earth-moving equipment and a camp and there is an experienced crew. There is an additional inventory of parts and supplies included in the sale. The seller is available to stay involved on a consulting basis after the initial training. PRINCIPALS ONLY. For additional information contact Mike Faust or use this ad’s email reply.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Seller is active in the business with 15 Full Time employees and 5 Independent Contractors. Hours of operation are 7 days per week, 12 hours per day from March 1st through September 30th. $375,000 in Inventory and $5,724,000 in FF&E included in the Asking Price. Assets include ~ 5% of Estimated Gold = $7,480,000 USD. Water License and Land Use Permits to 2023 Required.
$6.75M Down with 3 Annual Payments @ 4.5% Interest
Support & Training:
30 Days
Reason for Selling:
Other Business Interests
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(from currently available funds)
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Mike Faust

Business Listed By:
Mike Faust

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Sponsoring Broker:
Jeff & Linda Nyman

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