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Bluebird Mining Ventures Ltd on Wednesday issued an update on its gold-streaming and treasury platform, bitcoin-linked opportunities, and other operations. Shares in Bluebird were 1.2% higher at 0.25 pence on Wednesday afternoon in London. The British Virgin Islands-based gold development company said it is progressing a balanced set of gold-streaming and gold-linked transactions across Australia, West Africa, Central Asia and Southern Africa. These include producing sites, expansion-ready projects and modular processing operations, it noted. Features shared by the transactions, Bluebird said, include ‘near-term operational cashflow, in several cases from early 2026’; exposure to scalable long-life deposits and stable producing assets; and multi-year gold delivery visibility. Additionally, the firm said its legacy gold interests in the Philippines and Korea are undergoing structured review and reactivation efforts. It said it has re-established direct engagement with the local counterparty in the Philippines, with both partners working towards a 2026-2027 development timetable, and begun a comprehensive assessment of the project’s development position. They intend to agree a detailed work plan and establish a formal project tracker during the first quarter. Meanwhile in Korea, Bluebird has started a full reassessment of the project structure and development pathway, and said talks are progressing with potential partners. It expects confirmation by the end of December on whether its current Korea partner will assume a lead role, followed by a legal assessment of the Korean permit status in January. Bluebird also said it is assessing a limited number of BTC-linked opportunities within the permitted scope of its treasury operations, in order to complement the gold-streaming platform with settlement, liquidity and yield optionality. The bitcoin mining machines it acquired earlier in 2025 for deployment into a contracted UAE project remain in its possession. The counterparty was unable to proceed, and the planned deployment, hardware sale, and associated streaming structure were cancelled after changes to regulations in October. Bluebird said it is now assessing alternative routes to realise value using the machines, and expects to make a decision and execute the preferred route during the first quarter of 2026. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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