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Goldsource Mines Inc. (V:GXS)

Business Focus: Gold Mining

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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
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 fiscal year ended 31 December 2018, Goldsource Mines Inc revenues was not reported. Net loss increased 1% to C$3.7M. Higher net loss reflects Exploration and evaluation expenditures increase of 19% to C$2.8M (expense), Depreciation increase of 33% to C$61K (expense), Insurance increase of 26% to C$70K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02.
Employees: 4 as of Dec 31, 2010
Reporting Currency: Canadian Dollars
Enterprise value: $39.93M as of Mar 31, 2019
Annual revenue (TTM): $0.00M as of Mar 31, 2019
EBITDA (TTM): -$2.79M as of Mar 31, 2019
Net annual income (TTM): -$3.71M as of Mar 31, 2019
Free cash flow (TTM): -$2.80M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 252,709,976 as of May 22, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization