Golden Phoenix Minerals Inc (GPXM) Finansal

Golden Phoenix Minerals, Inc. engages in acquiring and consolidating mineral properties with potential production and future growth through exploration discoveries. The company is headquartered in Las Vegas, Nevada. The firm's business includes acquiring mineral properties with production through exploration discoveries. The firm has property holdings in the Silver Peak Mining District near Tonopah, Nevada. The firm is focused on its mining properties in Nevada. The firm has entered into an agreement to acquire an interest in the Mhakari Properties, which include the Vanderbilt Silver and Gold Project, the Coyote Fault Gold and Silver Project and Galena Flat Gold Project, and claims that are an extension to the Coyote Fault property, all located adjacent to the producing Mineral Ridge property near Silver Peak, Nevada. As of September 30, 2015, the Company had the rights to 16 unpatented lode mining claims in three claim blocks consisted of 320 acres on Bureau of Land Management (BLM) lands in Esmeralda County, Nevada, located near the operating Mineral Ridge gold project (the North Springs Properties).