Gold and Silver Mining of Nevada, Inc. Shareholders to Receive Royalty And/or Dividend Payments
Las Vegas, Nevada, April 21, 2016 (Newswire.com) - Gold and Silver Mining of Nevada, Inc. ("CJTF") ("the Company"), (PINK SHEETS:CJTF) a junior mining company in Nevada, announces the plans for shareholders from positive cash flow from mining operations that have recently commenced and which were announced in recent press releases.
The company projects that the current production operations will move into positive cash flow to the company. Because our contract operator will reimburse themselves for their costs there will be a distribution after costs to the shareholders. The company’s portion of this money will be mostly (Up to 90%) distributed to shareholders either by dividend or by royalty income sharing.
As the company moves forward and continues to expand this operation the revenues will continue to grow until the mill is at full capacity and the company portion of revenues should grow to $10 to $12 million per year.
Basically the company is projected to morph into a Royalty company and the company does not intend to plow profits back into further exploration and asset development. Therefore once the company moves into positive cash flow it estimates that it will continue to stay in positive cash flow as long as the mining operations continue at this site which based on what is known at this time are estimated to be for another 50 years.
About Gold & Silver Mining of Nevada, Inc.:
The company is in the business of precious metals mining and processing of massive gold and silver ore bodies in Nevada. The gold and silver located in the company owned mining claims in these districts are located adjacent to other known and established mining operators. The company is not looking for ore, but is in the process of developing previously identified ore bodies.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
N. Fred Anderson, President of CJTF
Visit the company web site at www.GoldandSilverMining.com
Source: Gold and Silver Mining of Nevada, Inc.