Goldsource Mines Inc. (V:GXS*CA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Tel: N/A
IR: See website
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 nine months ended 30 September 2019, Goldsource Mines Inc revenues was not reported. Net loss increased 53% to C$4.3M. Higher net loss reflects Exploration and evaluation expenditures increase of 42% to C$3M (expense), Remuneration increase of 93% to C$506K (expense), Share-based compensation increase from C$116K to C$356K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.01 to -C$0.02.
Employees: 4 as of Dec 31, 2010
Reporting Currency: Canadian Dollars
Enterprise value: $43.59M as of Sep 30, 2019
Annual revenue (TTM): $0.00M as of Sep 30, 2019
EBITDA (TTM): -$4.58M as of Sep 30, 2019
Net annual income (TTM): -$5.22M as of Sep 30, 2019
Free cash flow (TTM): -$4.07M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 314,177,110 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization