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Additional Information
Market: OTCBB
Sector: General Mining - Gold
EPIC: BULM
Latest Price: $1.03  (5.10% Ascending)
52-week High: $0.00
52-week Low: $0.00
Market Cap: $40.40M
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Bullion Monarch Mining
www.bullionmm.com

Bullion Monarch Mining Inc. is a natural resource company that acquires mining properties to explore and develop.  Bullion’s goal is to see the properties produce through joint ventures, leases, or sales.  Bullion Monarch has recently undergone a reorganization and is now known as Bullion Monarch Mining, Inc.  The company’s new trading symbol is BULM. Bullion believes it has excellent mining properties in Northern Nevada and throughout the Western United States.  Newmont’s new, large Leeville underground mine and he East Ore Body Mine are currently producing royalty payments to Bullion. The company also acquired a 60% interest in EnShale, Inc. in 2005 (now 80%) in order to profit from the growing demand for oil by mining and processing oil shale into oil products. The Company currently has under lease 4,650 acres of oil shale property in the mahogany zone.

Full Bullion Monarch Mining profile here
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Bullion Monarch's third quarter profit, revenues soar on high gold prices

25th Feb 2011, 8:00 pm

Bullion Monarch Mining (OTCQB:BULM) announced Friday that third quarter profit and revenue grew on solid production and higher gold prices.

For the third quarter of fiscal 2011, the gold-focused royalty company recorded net income of $0.75 million, or $0.02 per share, representing a 192% increase from the prior year period.

Bullion also posted record royalty revenue of $1.78 million, due to improved production from Newmont Mining's Leevill Mine in Nevada, and a 23% increase in the average price of gold.

The majority of Bullion's revenues are derived from a claim block located in northeastern Nevada's Carlin Trend, for which it holds a 1% royalty.

The average price of gold during the third quarter was 1,377.00 per ounce, compared to $1,118.00 per ounce a year earlier.

"Our record third quarter results reflect strength in our royalty revenue stream and the continued upward trend in the price of gold," said CEO R. Don Morris.

"We are excited with our developing pipeline of projects that we believe have the potential to greatly enhance the value of our company."

For the nine month period ending January 31, 2011, net income was $1.52 million, or $0.04 per share, on royalty revenue of $4.55 million. This compares to profit of $1.17 million, or $0.03 per share, on royalty revenue of $3.93 million for the year-ago period.

Bullion rose nearly 2% on Friday to trade at $1.05 as of 1:44pm EST.

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