Goldsource Mines Inc. (V:GXS*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 570 Granville Street, Suite 501 VANCOUVER BC V6C 3P1 |
| Tel: | N/A |
| Website: | https://www.goldsourcemines.com |
| IR: | See website |
| Key People | ||
| N. Eric Fier Executive Chairman of the Board | Ioannis Tsitos President, Director | Stephen Parsons Chief Executive Officer | Kimberly Newsome Vice President - Finance |
| Business Overview |
| Goldsource Mines Inc. is a Canada-based resource company, which is engaged in exploration activities. The Company is focused on the Eagle Mountain Gold Project (Eagle Mountain) for which it has a 100% interest in the Eagle Mountain Prospecting License (EMPL) and the Kilroy Mining Permit (collectively, the Property). The Property is located approximately seven kilometers (km) south of Mahdia Township (population approximately 3000). Mahdia Township can be accessed by road from Georgetown, a driving distance of approximately 325 km, or via air by a commercial flight. The Property consists of an area of approximately 5,050 hectares (ha) (12,480 acres) in central Guyana, South America. 4,784 hectares (11,820 acres) of the Eagle Mountain Property relate to the EMPL while 266 ha (660 acres) relate to the Medium Scale Mining Permit held by Kilroy Mining Inc. (Kilroy), on which the Company has a long-term lease with a 2% net smelter return royalty. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Goldsource Mines Inc revenues was not reported. Net loss decreased 19% to C$5M. Lower net loss reflects Exploration and evaluation expenditures decrease of 40% to C$2.7M (expense), Marketing decrease of 48% to C$104K (expense), Legal settlement decrease from C$84K (expense) to C$0K. Basic Earnings per Share excluding Extraordinary Items increased from -C$0.12 to -C$0.09. |
| Employees: | 4 as of Dec 31, 2010 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $39.80M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$4.31M as of Dec 31, 2023 |
| Net annual income (TTM): | -$4.98M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$3.84M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 59,796,680 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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