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Golden Phoenix: Royalty Mining in the Americas
“If we acquire a project, we’re going to
make every effort to add value to it. We're
not going to collect projects hoping something
is going to happen. We're going to make things
happen."
Tom Klein, CEO, Golden Phoenix Minerals, Inc.
May 6th, 2010, Shareholder Conference Call
Golden Phoenix has emerged from the global credit collapse with a
Royalty Mining growth strategy and an initial 24 month acquisition plan to
target advanced projects with near-term production throughout North and
South America. As our strategy unfolds, we expect our cash flow will be
leveraged to the price of gold or underlying strategic metal.
To add shareholder value, Golden Phoenix anticipates:
1.
Acquiring a property that, on terms and conditions acceptable to
the Company, requires financing or geological expertise.
2.
Improving the property by providing permitting, bonding, drilling
and/or financial support.
3.
Securing a mine operator with the experience necessary to take
the project into commercial production.
4.
Retaining up to a 30% interest in each project, and ultimately
converting some of those interests into Royalty agreements.
5.
Repeating the process and providing continuous advancement for
each project it undertakes. Golden Phoenix is planning to analyze
up to 50 prospective properties, with a view towards optioning up to
10 of those properties on terms and conditions acceptable to the
Company. From these optioned properties, the Company hopes to
identify up to 5 projects that can be advanced toward commercial
production.
Our objective is to acquire:
•
multiple projects, in
•
multiple jurisdictions, with
•
multiple operators, and
•
retain up to a 30% interest in each project, and ultimately convert
some of those interests into Royalty agreements.
We believe this strategy will allow us to:
•
diversify our portfolio of mining properties
•
minimize geopolitical risk with projects throughout the Americas
•
find the best mine operators in each jurisdiction
•
further reduce risk by utilizing multiple mine operators
The sum of five such projects has the potential, in our opinion, to add up
to more than one project, without the risk of investing in just a single
mining project.
Project #1 is Mineral Ridge operated by Peter Hawley of Scorpio Gold.
Thursday, August 26, 2010
Golden Phoenix Signs July
2010 Option Agreement to
Acquire 80% Interest in
Mhakari Gold and Silver
Project - 24 Month Acquisition
Plan Continues
Wednesday, August 25,
2010 Golden Phoenix
Advances 24 Month
Acquisition Plan With July
2010 Signing of Purchase
Agreement to Acquire 80%
Interest in Vanderbilt Silver &
Gold Project
Tuesday, August 17, 2010
Golden Phoenix Pays Off
Remaining $1 Million Debt To
Crestview Capital - Successful
Conclusion To Debt
Restructuring
Monday, August 9, 2010
Golden Phoenix Executes
Block Sale of 7,042,275
Shares of Scorpio Gold
Common Stock
Monday, August 9, 2010
Golden Phoenix Unveils
Royalty Mining Growth
Strategy On Company’s New
Web Site
Thursday, May 6, 2010
Golden Phoenix Signs LOI to
Acquire Ra Resources, Ltd.
and its Portfolio of Canadian
Gold and Copper Prospects
Thursday, May 6, 2010
Golden Phoenix Reports on
Surface Drilling at Mineral
Ridge Gold Deposit: 22.86
Meters Grading 1.65 g/t Gold
in Drinkwater Zone
Friday, April 23, 2010
Golden Phoenix Signs LOI's to
acquire 80% Interest in the
Vanderbilt and Coyote Fault
Gold and Silver Claims
Bordering the Mineral Ridge
Mine
Friday, April 23, 2010
Golden Phoenix Forms Top
Echelon Advisory Committee
to Assist Expansion of
Corporate Mine Portfolio
Wednesday, April 21, 2010
Golden Phoenix to Host
Shareholder Conference Call
Following Completion of Major
Debt Reduction Initiative
Thursday, March 11, 2010
Golden Phoenix Closes the
Mineral Ridge Joint Venture
Sale with Scorpio Gold
See all press releases
Download Golden Phoenix’s
PowerPoint Presentation
8/16/10 (PDF)
Download Golden Phoenix’s
Company Fact Sheet
8/16/10 (PDF)