Sep 08, 2017

Brazil Minerals Achieves Break-Even for its Local Operations

Brazil Minerals Inc. reported recently that its revenue from operations for August 2017 has increased by 43% over revenue of the prior month – July 2017. The resulting increase in cashflow has led to the Company achieving cash flow break even for its Brazilian operations.

The Company anticipates additional increases “as other cash streams will likely be available within the next few months”, it said.

“The current impact of the improvement in cash generation has caused a significant decline in need for capital,” Brazil Minerals declared. “In the medium term, there is a possibility, although not a guarantee, that the growing revenues will cover the cash needs in both Brazil and the U.S. and therefore the entire Company would achieve break-even on a recurrent cash flow basis.”

The Company expects to be able to confirm this trend later in the year.