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Goldsource Mines Inc. (V:GXS)

Business Focus: Gold Mining

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Insider Chart - Past 6 Months

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Insider Filings

Latest 10 SEDI filings for GXS within the last 6 months
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Company News

Feb 05, 2020 09:00 ET
Goldsource Announces New Discovery at Powis Target: 10.5 Metres Grading 9.94 gpt Gold
Yannis Tsitos, President, commented, "Since the discovery and delineation of the Salbora deposit, the Company been focused on comparing IP anomalies with historic exploration results to priorize our drill targets. This compilation has led us to the new discovery at Powis with a drill hole intercept of 10.5 metres grading 9.94 grams per tonne (gpt) gold (Au). Powis is 600 metres along strike from the Toucan Target ("Toucan") with an historic adit grading 18.5 gpt gold over a 23 metre length (in-vein). Our goal during Q1, 2020 is to further expand on these initial positive results from the Powis and complete initial drilling at Toucan. By March, we will have 3 drill rigs operating at Eagle Mountain for both in-fill drilling of deposits and potential expansion of new discoveries."
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Jan 17, 2020 09:00 ET
Goldsource Provides 2019 Highlights and 2020 Outlook
Yannis Tsitos, President, stated: "Based on the new Salbora Discovery, 2019 was a great year for Goldsource. Core drilling to date makes the Salbora deposit the highest grade, near-surface gold mineralization on the Eagle Mountain property. The weighted average grade at Salbora is 2.58 grams per tonne gold ("g/t"), which includes discovery hole EMD18-053 with 69 metres of 6.52 g/t gold (40 metres of true width). Salbora is a significant complement to the nearby Eagle Mountain deposit (please see news releases dated Jan 23rd 2019 and Nov 13th, 2019). Goldsource's teams in both Guyana and Canada are working hard to enhance and de-risk Eagle Mountain. Important milestones for this year will include a new resource estimate which is to be the foundation in advancing the ongoing Pre-Feasibility Study ("PFS")."
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Valuation Ratios

Industry
Sector
Beta
3.62
--
--
Price to Sales - TTM
--
4.24
5.65
Price to Book - most recent quarter
3.07
2.15
2.15
Price to Cash Flow per share - TTM
--
8.78
9.28
Price to Free Cash Flow per share - TTM
--
21.78
19.01
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Feb 15, 2020255,745-50,023
Jan 31, 2020305,768-247,536
Jan 15, 2020553,304259,794
See Short Report

Business Summary

Sector:  Basic Materials Industry:  Gold

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.

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