Golden Phoenix Minerals, Inc.
Golden Phoenix is a U.S. mining company with international exposure to gold, silver and strategic metals. We have a portfolio of mineral property opportunities in Nevada, Panama, Canada and Peru.
Golden Phoenix is an exploration company and mineral project generator
Our growth strategy is to acquire or consolidate mineral properties with immediate exploration opportunities and potential for production. Our goal (and risk reduction strategy) is to own joint venture interests in multiple producing mines in geographically diverse jurisdictions using multiple mine operators instead of 100% exposure to one project.
Update on Golden Phoenix current operations
We have entered into options and agreements for the acquisition of multiple mineral properties. We will be required to raise significant additional capital to fund our operations and to complete the acquisition of the interests in and further the exploration, evaluation and development of our existing mineral properties and other prospects. Negative trends in current capital markets for junior mining companies have made it difficult to continue our mineral property exploration and evaluation activities and fund our operations. As a result, we have significantly scaled back our mineral property acquisition and development plans and reduced the level of our operations.