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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: #1020 - 800 West Pender St.
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 three months ended 31 March 2020, Bluestone Resources Inc revenues was not reported. Net loss increased 33% to $6.9M. Higher net loss reflects Finance expenses increase from $33K to $750K (expense), Exploration and evaluation expenses - Ba increase of 18% to $4M (expense), Salaries and wages increase of 35% to $960K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.08.
Reporting Currency: U.S. Dollars
Enterprise value: $299.85M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$27.99M as of Mar 31, 2020
Net annual income (TTM): -$31.95M as of Mar 31, 2020
Free cash flow (TTM): -$28.57M as of Mar 31, 2020
Net Debt Last Fiscal Year: $6.44M as of Mar 31, 2020
Shares outstanding: 143,164,043 as of Jul 27, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization