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| BMIX Issues Amazing Growth Report |
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 Hot Stock to Watch |
Company: Brazil Minerals Inc. (OTCQB: BMIX)
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Last:
Price: 0.0469
Change (%): - 0.001 (2.09)
Volume: 36,000 |
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Brazil Minerals, Inc.'s Third Quarter Revenue Guidance Shows Increases of 212% Over Preceding Quarter and 14% Over Third Quarter 2013
BELO HORIZONTE, BRAZIL-(Marketwired - Oct 1, 2014) - Brazil Minerals, Inc. (OTCQB: BMIX) (the “Company” or “BMIX”), a U.S. holding company with revenues from sales of gold and diamonds, announced today its revenue guidance for the third quarter of 2014. BMIX expects revenues of approximately $303,000, which would be 212% higher than last quarter’s and 14% higher than the revenues obtained a year ago during the third quarter of 2013.
In the third quarter of 2014, revenues were derived from sales of rough diamonds, gold, and polished diamonds. In addition to continued revenue contribution from these three different areas, the Company expects to start the sale of sand in the fourth quarter of 2014. The Company further expects to start revenues from fancy colored diamonds (polished or jewelry mounted) in 2015.
“We are very pleased with our sales in the quarter,” stated Marc Fogassa, CEO and Chairman of BMIX. “We are focused on a challenging area to mine which was entirely under water, at certain levels reaching 15 meters, and needing drainage. The announcement today underscores our ability to perform. We continue on our desired path to become the largest diamond miner in Latin America and a company with cash flows stemming from a diversified mineral portfolio.”
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