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Bluestone Resources Inc. (V:BSR)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 1110-1111 Georgia St W
Tel: N/A
IR: See website
Key People
John E. Robins
Chairman of the Board
Darren Klinck
President, Director
Jack Oliver Lundin
Chief Executive Officer, Director
Peter T. Hemstead
Chief Financial Officer
David Cass
Vice President - Exploration
Jeff Reinson
Vice President - Project Development
Stephen Charles Hadfield Williams
Vice-President - Corporate Development and Investor Relations
Business Overview
Bluestone Resources Inc. is a Canada-based mineral exploration and development company. The Company is focused on exploration and development of Cerro Blanco Gold project (Cerro Blanco) and Mita Geothermal project (Mita Geothermal), located in Guatemala. The Cerro Blanco gold project is a underground gold project located in southeastern Guatemala, which is in the Jutiapa Department, approximately nine kilometers (kms) west of the border with El Salvador. The Mita Geothermal project is in southeast Guatemala approximately 160 kilometers from Guatemala City. The Mita Geothermal project is permitted for 50 megawatts of annual power production and located eight kms from the national power grid. The Mita Geothermal project includes supplement power requirements for mine, including dewatering and ventilation. The Mita Geothermal includes the development of a geothermal power plant which generate the balance of the power required for operations.
Financial Overview
For the fiscal year ended 31 December 2019, Bluestone Resources Inc revenues was not reported. Net loss decreased 13% to $22.3M. Lower net loss reflects Exploration and evaluation expenses - Ba decrease of 23% to $14.4M (expense), Share-based compensation decrease of 38% to $898K (expense), Other expenses increase from $2K (expense) to $94K (income).
Reporting Currency: U.S. Dollars
Enterprise value: $126.89M as of Dec 31, 2019
Annual revenue (TTM): $0.00M as of Dec 31, 2019
EBITDA (TTM): -$28.79M as of Dec 31, 2019
Net annual income (TTM): -$31.24M as of Dec 31, 2019
Free cash flow (TTM): -$27.66M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 82,827,223 as of Mar 26, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization