Golden Valley Mines Ltd. (TSX-V: GZZ) (OTCQX: GLVMD) is a listed mining company with a unique business plan operating via related entities (former subsidiaries which are now public) through which it generates mining royalties and free-carried interests (Abitibi Royalties) while carrying out project generation operations in Canada (Val-D’Or Mining Corp.) and Australia (International Prospect Ventures). The conservative structure of the company has allowed Golden Valley Mines to expand its operational breadth despite boasting a low annual burn rate enabling the company to fund its operations with minimal dilution to its overall equity base.
Golden Valley Mines operates through three key publicly listed subsidiaries, namely Abitibi Royalties Inc. (TSX-V: RZZ), which provides the company with a stream of mining royalties and revenue through its stakes in close to 10 different mining royalties, as well as Val-D’Or Mining Corp. (TSX-V: VZZ) and International Prospect Ventures (TSX-V: IZZ) through which Golden Valley Mines has sought to expand its exploration and prospecting footprint throughout Canada and Australia, respectively.
Today, the crown jewel in Golden Valley’s stable remains its stake (44.8% equity ownership) in Abitibi Royalties, an entity which was originally spun out of Golden Valley Mines in 2011. Abitibi possesses a 3% net smelter return (NSR) royalty on the eastern portion of the Canadian Malartic mine, Canada’s largest operating gold mine. Presently owned and operated by Agnico Eagle and Yamana Gold, the Canadian Malartic Mine’s multiple gold deposits are estimated to amount to nearly 10,000,000 ounces of gold reserves (http://nnw.fm/MLvoT) with the operational ability to process in excess of 60,000 tonnes of ore per day.
With gold prices trading at record levels in 2020, Golden Valley Mines presents an increasingly attractive investment proposition for investors seeking to gain exposure to the listed junior gold mining space – not least due to the fact that the company’s market cap is trading at over a 20 percent discount to the net asset value of its subsidiary shareholdings.
For more information on the company, visit www.GoldenValleyMines.com
To watch the full presentation delivered by Chairman and CEO Glenn Mullan at the Canadian Metals & Mining Virtual Investor Conference, visit http://nnw.fm/jWk07
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