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Gammon Lake

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Submitted By ttarataylor
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Executive Summary Gammon Lake (GL) is an exploration and mining company that is based in Canada but operates in Mexico. The minerals extracted by GL are mainly Gold and Silver and are sold to process and refining companies in their raw form. GL possesses a management team who holds an abundance of intelligence and expertise. This knowledge ranges from accounting to exploration and all of the areas in between. This knowledge has allowed GL to create very accurate resource reserve calculations and feasibility studies. In the last few years, Gammon Lake has acquired mining rights from multiple companies, thereby considerably increasing their mineral reserve, and the company’s size and capacity. As the Mexican mining market becomes more and more saturated, the number of profitable mining reserves is continuously decreasing. Gammon Lake faces the dilemma of continuing to only operate in Mexico or to take the company in another direction by expanding into other mining markets such as over seas (Australia and Peru) and/or the Canadian and USA markets. Currently, the best option for Gammon Lake is to remain only in the Mexican mining market as they are in an extremely severe loss position. Expanding into other markets will be exceptionally expensive therefore Gammon Lake should avoid those additional expenses at the moment. When and if Gammon Lake finds themselves in a more suitable financial position they should focus their efforts into expansion into these other markets. However, for now the should choose not to purse these foreign mining markets.

Assessment
Situation and Strategy Recently, Gammon Lake has been focusing their efforts on acquiring other mining companies in Mexico. GL is seeing some revenues but not nearly enough to cover their costs and expenses. This is reasonable to expect, especially after acquiring multiple companies that have each

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