Growing Gold Producer
New Jersey Mining Company, headquartered in North Idaho, is the rare example of a vertically integrated junior gold producer (exploration, drilling, mining and milling) having the in-house skillsets of a much larger company.
As part of its “aim small-miss small” strategy toward production, responsible development and sustainable corporate advancement, the Company has assembled a high-quality, early to advanced-stage asset base in three historic mining districts of Idaho and Montana, including its producing Golden Chest Mine (open pit and underground). Efforts have been focused on actual production and adjacent (un-levered) land positions near historic operations in established mining communities. Management feels that, for a small company to grow into a larger company, that it must start with a logical business plan and prove itself – and grow from there. We believe that “starting big” has rarely led to large-scale success for a small company, its employees or shareholders.
At New Jersey, we view the Company in three components – Exploration, Pre-Development and Production – all of which are needed to have a sustainable operating company and ability to grow. The rebirth of the long-forgotten Murray Gold Belt has been led by NJMC, as evidenced by production from open-pit and underground operations at the Golden Chest Mine, its extensive land package and superior knowledge of the district gained from current development and production, and ongoing exploration activities.
The Company’s objective is to utilize its considerable in-house skill sets to build a portfolio of mining and milling operations, with a longer-term vision of becoming a mid-tier producer. Management is shareholder focused and owns more than 15-percent of NJMC stock.