Brazil Minerals BMIX ❂ 3rd. quarter revenues up over 200%


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Brazil Minerals, Inc.
 (OTCQB: BMIX)

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.

Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. corporation, is a diversified mining company with revenues from sales of rough and polished diamonds as well as gold, and ownership of interests in other mineral projects in Brazil.
“We are very pleased with our sales in the quarter, We are focused on a challenging area to mine which was entirely under water, at certain levels reaching 15 meters, and needing drainage.”
Marc Fogassa, CEO
About BRAZIL MINERALS, INC.
Brazil Minerals (BMIX) is a premier diversified mining company with over 100 years of collective deep and local Brazilian mining experience, centered on personal relationships in today’s fast-paced, quantitatively-driven world of private equity and venture capital.
We believe that BMIX is and will continue to grow as an attractive alternative to invest in the broad mining and minerals sector of Brazil. Currently, one U.S. publicly traded equity  provides such diversification and it is Vale (NYSE: VALE), the Brazilian giant mining company with over $70 billion in market capitalization. Over time, BMIX intends to be an alternative to those institutional investors desiring access to this investment vertical. Differently than Vale, we will stay focused on Brazil as sole destination.
The business model of BMIX in the medium term is to control a certain number of attractive, profitable or near-term profitable operating mines, while partnering on other projects. We use capital judiciously in part given the founder’s past experience as a venture capitalist. We like to diversify our risk across minerals. We intend to maintain a small operation, outsourcing as much as possible, so as to become profitable as soon as possible. We like many aspects of the business model of Royal Gold (Nasdaq: RGLD), a very successful company in the mining and minerals sector.
Currently we are already a  producer of alluvial diamonds and gold through the 86.88% percentage ownership of Mineração Duas Barras Ltda. (“Duas Barras”), a Brazilian producer with the largest alluvial diamond and gold processing plant in Latin America. Diamonds have clearly become an attractive asset class, with good returns, little correlation to equity markets, and lower volatility than gold.

Given its initial presence in Duas Barras, a significant property, there is an opportunity for BMIX over the next several years to aggregate other diamond properties and become the premier producer of diamonds in Latin America.

We also have the right to develop and own 75% of a vanadium, titanium, and iron project in the state of Piauí, Brazil.

We are also the owner of the mining rights to the Borba Project, a large area where gold has been found but no geology has been done to date. Both of these properties are in Brazil; Duas Barras is at the margins of the Jequitinhonha River in the State of Minas Gerais, and the Borba Project is in the Amazon region in the state of Amazonas. Further details can be found in the Properties section of this site.

Currently we are already a  producer of
alluvial diamonds and gold through the 86.88% percentage ownership of Mineração Duas Barras Ltda. Diamonds have clearly become an attractive asset class, with good returns, little correlation to equity markets, and lower volatility than gold.
BRAZIL MINERALS, INC.’S THIRD QUARTER REVENUE GUIDANCE
SHOWS INCREASES OF 212% OVER PRECEDING QUARTER AND 14% OVER THIRD QUARTER 2013

Brazil Minerals, Inc., (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.”
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTCQB: BMIX) is a U.S. holding company with revenues from gold and diamonds and ownership of interests in projects in diamonds, gold, high quality sand, titanium, vanadium and iron in Brazil. In particular, BMIX owns 86.88% of Mineração Duas Barras Ltda. (“MDB”), a Brazilian producer. MDB mines conflict free diamonds and gold, and sells rough and polished diamonds and 96% purity gold. MDB has a fully-operational mining concession and the permit to export its production of rough and polished diamonds.

More information on BMIX can be found at:
http://www.brazil-minerals.com.

Brazil Minerals, Inc. generates
revenues from gold and diamonds and ownership of interests in projects in diamonds, gold, high quality sand, titanium, vanadium and iron in Brazil.
“We are focused on a challenging area to mine
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.”
Brazil Minerals, Inc.
 (OTCQB: BMIX)
To Learn More Please Visit the Company Website At:
http://www.brazil-minerals.com/
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