Bluestone Resources Inc. (V:BSR)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 2000 - 885 West Georgia Street VANCOUVER BC V6C3E8 |
| Tel: | N/A |
| Website: | www.bluestoneresources.ca |
| IR: | See website |
| Key People | ||
| Peter T. Hemstead President, Chief Executive Officer | Nevin Lau Chief Financial Officer | Nadia Carotenuto Executive Vice President - Human Resources, Organizational Development |
| David Cass Vice President - Exploration | Stephen Charles Hadfield Williams Vice President - Corporate Development | Penny Johnson Corporate Secretary |
| Business Overview |
| Bluestone Resources Inc. is a Canada-based precious metals exploration and development company focused on opportunities in Guatemala. The Company's flagship asset is the Cerro Blanco gold project, a near surface mine development project. The Cerro Blanco gold project is located in southeast Guatemala approximately 160 kilometers (km) by road from the capital, Guatemala City. It is located in the Jutiapa Department, approximately nine kilometers west of the border with El Salvador. The Company also owns a 100% interest in Mita Geothermal through its wholly owned subsidiary, Geotermia Oriental de Guatemala, S.A. The project is a geothermal energy resource located adjacent to Cerro Blanco and is seven km from the Pan American Highway near the town of Asuncion Mita, in the region of Jutiapa in Guatemala. The project is licensed to produce approximately 50 megawatts of power. The project is located in southeast Guatemala approximately 160 km by road from the capital, Guatemala City. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Bluestone Resources Inc revenues was not reported. Net loss decreased 63% to $8.3M. Lower net loss reflects Exploration and evaluation expenses decrease of 74% to $4M (expense), G/L on Sale of Tangible & Intangible FA increase from $607K (expense) to $234K (income), Salaries and wages decrease of 37% to $1.3M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.15 to -$0.05. |
| Employees: | 31 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $98.72M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$9.78M as of Dec 31, 2023 |
| Net annual income (TTM): | -$11.45M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$13.58M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $15.55M as of Dec 31, 2023 |
| Shares outstanding: | 151,857,432 as of Apr 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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