Canadian Gold Mine On Sale For $2m in Bitcoin

A gold mine located in Canada's Dawson City is on sale for more than 3,000 bitcoins – the very first offering of its kind on popular bitcoin-only market place, BitPremier.

The unnamed seller is asking $2m (£1.2m, €1.5m) for the gold mine in the famous mining area of Yukon, which was home to television programmes such as History Channel's Yukon Gold and National Geographic's Yukon Gold.

The sale is for the parent company that owns the gold mine and all its associated assets including mining equipment and the rights to one mining property and lease agreement to another mining plot.

"The company was founded in 1986, the President and CEO of the company has been in the mining sector for 35 years. A well respected, fully compliant and profitable company, any new buyer could recoup their initial investment in as little as two mining seasons," the ad says.

The company claims to have been generating $1m in sales every year from the mine, which has the potential to produce 3,000 - 4,000 ounces of gold per year.

The ad noted that the mine's current owner is willing to stay on in a management and advisory capacity for a period of up to five years.

For serious buyers, full financial statements, tax returns, profit/loss, balance sheets are available for due diligence.

BitPremier's website, which claims to be a bitcoin luxury marketplace, was launched in May 2013. It lists a number of premier items including hotels, condos, villas and luxury cars.

In March, a villa in Indonesia was sold for $500,000 on the website – the most expensive purchase through the platform and the single largest bitcoin purchase ever.

If completed, the gold mine sale at $2m would beat that record.