Goldsource Mines Inc. (V:GXS*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: SUITE 501, 570 GRANVILLE STREET
VANCOUVER BC V6C 3P1
Tel: N/A
Website: www.goldsourcemines.com
IR: See website
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Key People
N. Eric Fier
Executive Chairman of the Board
Ioannis Tsitos
President, Director
Nicholas James Campbell
Chief Financial Officer
Business Overview
Goldsource Mines Inc. is a resource company. The Company is engaged in exploration and development. The Company is involved in the acquisition, exploration and evaluation of resource properties located in Canada and Guyana. The Company focuses to advance its Eagle Mountain Gold Project in Guyana, South America towards initial production. Its other mineral interests consist of coal exploration properties located in Saskatchewan, including the Border Coal Project. The Company, through its subsidiary, Stronghold Guyana Inc., holds a prospecting license on the Eagle Mountain Gold Project. The Eagle Mountain gold project is located approximately 200 kilometers southwest of Guyana's capital, Georgetown and over 50 kilometers from the Omai Gold Mine. The Border Coal Project is located on the eastern edge of central Saskatchewan, approximately 50 kilometers north of the town of Hudson Bay. The Border Property consists of approximately 16,070 hectares.
Financial Overview
For the six months ended 30 June 2019, Goldsource Mines Inc revenues was not reported. Net loss increased 30% to C$2.5M. Higher net loss reflects Share-based compensation increase from C$115K to C$318K (expense), Remuneration increase from C$177K to C$374K (expense), Foreign exchange loss (gain) decrease from C$2K (income) to C$109K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Employees: 4 as of Dec 31, 2010
Reporting Currency: Canadian Dollars
Enterprise value: $34.16M as of Jun 30, 2019
Annual revenue (TTM): $0.00M as of Jun 30, 2019
EBITDA (TTM): -$3.46M as of Jun 30, 2019
Net annual income (TTM): -$4.28M as of Jun 30, 2019
Free cash flow (TTM): -$3.28M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 314,177,110 as of Aug 27, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization