Belo Sun Mining Corp. (T:BSX*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 198 Davenport Road TORONTO ON M5R1J2 |
| Tel: | N/A |
| Website: | https://www.belosun.com |
| IR: | See website |
| Key People | ||
| Mark P. Eaton Executive Chairman of the Board | Peter Wilson Tagliamonte President, Chief Executive Officer, Director | Ryan Ptolemy Chief Financial Officer |
| Ian Pritchard Chief Operating Officer | Stephane Amireault Vice President - Exploration | |
| Business Overview |
| Belo Sun Mining Corp. is a Canada-based mining company with a portfolio of gold-focused properties in Brazil. The Company is focused on the development of the Volta Grande Gold Project. The Volta Grande Gold Project covers over 2,400 hectares within the 'Tres Palmeiras' greenstone belt. The Volta Grande Gold Project is located in Para State, Brazil, approximately 60 km south-east of the city of Altamira. Altamira is a major regional center with a population of approximately 150,000 and is serviced by a local airport and the Trans-Amazonian Highway. The mineral resources on the Volta Grande Gold Project are subdivided in two areas: North Block and South Block. The North Block includes four zones; Ouro Verde, Junction, Grota Seca and Greia; the South Block is located approximately 10 km south. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Belo Sun Mining Corp revenues was not reported. Net loss decreased 20% to C$10.7M. Lower net loss reflects Permitting costs decrease of 96% to C$242K (expense), Foreign exchange loss decrease of 98% to C$34K (expense), Legal fees decrease of 58% to C$452K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.03 to -C$0.02. |
| Employees: | 39 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.38M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$6.32M as of Dec 31, 2023 |
| Net annual income (TTM): | -$10.72M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.67M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 455,055,248 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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