View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsGoldsource Mines 과거 순이익 실적과거 기준 점검 0/6Goldsource Mines의 연간 평균 수익은 1.3%였으며, Metals and Mining 산업의 수익은 연간 1.1% 감소했습니다.핵심 정보1.31%순이익 성장률16.23%주당순이익(EPS) 성장률Metals and Mining 산업 성장률29.18%매출 성장률n/a자기자본이익률-73.00%순이익률n/a최근 순이익 업데이트31 Mar 2024최근 과거 실적 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Jul 05Goldsource Mines' Shares Expects to be Delisted from the TSX Venture ExchangeMako Mining Corp. and Goldsource Mines Inc. announced that Mako has completed its previously announced acquisition of Goldsource by way of a plan of arrangement, pursuant to which Mako acquired all of the issued and outstanding common shares of Goldsource in exchange for common shares of Mako. As a result of the Transaction, Mako now owns the Eagle Mountain Gold Project in Guyana. The Goldsource Shares are expected to be delisted from the TSX Venture Exchange. Mako intends to cause Goldsource to submit an application to cease to be a reporting issuer under applicable Canadian securities laws.공시 • Mar 26Mako Mining Corp. (TSXV:MKO) entered into an arrangement agreement to acquire Goldsource Mines Inc. (TSXV:GXS) for CAD 33.28 million.Mako Mining Corp. (TSXV:MKO) entered into an arrangement agreement to acquire Goldsource Mines Inc. (TSXV:GXS) for CAD 33.28 million on March 26, 2024. The holders of the issued and outstanding Goldsource Shares will receive 0.2200 of a common share of Mako for each Goldsource Share. Termination fee of CAD 1.35 million payable by Mako or Goldsource to the other under certain circumstances. The completion of the Transaction is subject to; (a) approval of the Goldsource security holders; (b) approval of the TSXV; (c) approval of the British Columbia Supreme Court; (d) there being no material adverse changes in respect of either Mako or Goldsource; (e) the approval at a special meeting of Goldsource security holders by (i) 662/3% of the votes cast by Goldsource shareholders, (ii) 662/3% of the votes cast by Goldsource shareholders and option holders, voting as a single class, and (iii) a simple majority of the votes cast by Goldsource shareholders. The boards of directors of Mako and Goldsource unanimously approved the entering into of the Arrangement Agreement. The transaction is expected to close Q2 2024. Eight Capital is acting as financial advisor and fairness opinion provider to Mako, and Cassels Brock & Blackwell LLP is acting as legal counsel to Mako. SCP Resource Finance LP is acting as financial advisor and fairness opinion provider to Goldsource, and Koffman Kalef LLP is acting as legal counsel to Goldsource.공시 • Dec 15Goldsource Mines Inc. Provides Update on Upcoming Preliminary Economic AssessmentGoldsource Mines Inc. provided an update on the planned Preliminary Economic Assessment ("PEA") for the Company's 100%-owned Eagle Mountain Gold Project ("Project") in Guyana, South America. The PEA, being prepared by ERM Consultants Canada Ltd. and Soutex Inc., considers a fit-for-purpose low-capex intensity phased development plan. The initial phase, or Phase 1, comprises shallow (starting at surface), low strip ratio open pits for saprolite resources and a processing plant design that accounts for the beneficial characteristics of saprolite, including low power requirements and elevated metallurgical recoveries. This is followed by Phase 2, the development of fresh rock mineralization, in which gold production is derived from a blend of fresh rock and saprolite. The transition to fresh rock, both the timing and production scale, has been set to maximize the utility of the in-place infrastructure and potential free cash flow provided in Phase 1. The Company anticipates receiving the PEA results for release in January 2024 with a NI 43-101 Technical Report to be filed within 45 days of the results announcement. This represents a modest delay relative to the Company's guidance of the fourth quarter 2023. The Company will be participating in several industry conferences in the first quarter of 2024, including the Vancouver Resource Investment Conference (January 21-22), Mines and Money - Miami (Feb 22-23), and PDAC Toronto (March 3-6). The PEA will be based on the April 2022 Mineral Resource Estimate ("MRE") comprised of an estimated 31.1 million tonnes ("Mt") grading 1.18 grams per tonne ("gpt") gold for 1,183,000 oz of gold in Indicated Resources, and 18.4 Mt grading 0.98 gpt gold for 582,000 oz of gold in Inferred Resources. The 2022 MRE is contained in a report titled "Eagle Mountain Gold Project, Potaro - Siparuni Region Guyana, NI 43-101 Technical Report" dated May 24, 2022, with an Effective Date of April 5, 2022. The Company's Eagle Mountain Project, like all major gold projects in Guyana, falls within this Essequibo area, the sovereign territory of Guyana. The Company's activities at Eagle Mountain, including exploration, technical and environmental studies, along with ongoing coordination with governmental agencies, which included meetings last week when Company executives were in Guyana, remain unaffected by recent events, though the Company will continue to monitor the situation very closely. The Company has operated in Guyana at the Eagle Mountain Project for over 10 years and intends to be in Guyana for many more years in its commitment to the responsible and sustainable management of the Project and its natural resources in Guyana's Region 8, Potaro-Siparuni.New Risk • Nov 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €9.33m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€9.33m market cap, or US$9.97m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding).공시 • Sep 12Goldsource Mines Inc. Provides Update on Engineering and Exploration Activities for Eagle MountainGoldsource Mines Inc. provided an update on its engineering and exploration activities for the Company's 100%-owned Eagle Mountain Gold Project ("Project") in Guyana, South America. The 2023 work program includes engineering activities focused on the delivery of a Preliminary Economic Assessment ("PEA") as well as generative exploration and drilling activities to test new targets within the Eagle Mountain Prospecting License ("PL") and expansion and infill drilling to facilitate engineering studies. Overall, the PEA and related engineering activities are progressing well with the announcement of results anticipated in the fourth quarter of 2023. The PEA will be based on the April 2022 Mineral Resource Estimate ("MRE") comprised of an estimated 31.1 million tonnes ("Mt") grading 1.18 grams per tonne ("gpt") gold for 1,183,000 oz of gold in Indicated Resources, and 18.4 Mt grading 0.98 gpt gold for 582,000 oz of gold in Inferred Resources. The 2022 MRE is contained in a report titled "Eagle Mountain Gold Project, Potaro - Siparuni Region Guyana, NI 43-101 Technical Report" dated May 24, 2022, with an Effective Date of April 5, 2022. Engineering Activity. Generative Exploration Highlights: Per plan in H1 2023, the Company expanded its generative exploration program focusing on adding to the pipeline of exploration targets within the PL and district properties outside the PL for which the Company has exploration agreements. In collaboration with independent geological consultants, the Company completed a multi-month review of all geological data with site visits to enhance exploration models for prospects. New concepts will be tested through the balance of 2023 with generative techniques and core drilling. Soca Prospect and South Ann Prospect Drilling Highlights: Notwithstanding a reduction in drill metres prior to July 2023, several prospects were targeted within the PL. Results for thirteen (13) core holes totaling 1,652.5 metres for the Soca and South Ann prospects located approximately 1.5 and 1.1 kilometres, respectively, south of the 2022 MRE outline for the Eagle Mountain deposit along the Salbora-Powis north-south trend. Drilling has intersected mineralization along an aggregate strike length of approximately 275 metres, down to 170 metres depth, with high-grade gold intervals as well as broader areas of lower grade mineralization. Recent drilling has extended the prospect by 100 metres to the east with the identification of two additional mineralized zones represented by four drill holes EMD23-281 to EMD23-284. Drilling at South Ann targeted an interpreted contact between a quartz-feldspar porphyry intrusion and granodiorite. Four drill holes (EME22-175 to EME22-177 and EME22-183) intersected gold mineralization, which has an aggregate strike length of 175 metres with several mineralized intervals. Importantly, advancements confirm the current mineral resource model while also providing key information with respect to the geological genesis, which will enhance exploration targeting, notably in underexplored areas of the PL. EMEdefines core holes completed by contractor drill rig. True widths are estimated on mineralization orientation to drill core. Saprolite and hard rock cut-off grades of 0.3 and 0.5 gpt gold, respectively. Soutex offers a wide range of services with its personnel having experience in plant operation, engineering, technical services, research and development, training, and process control, simulation and optimization. Such forward-looking statements concern Goldsource's strategic plans; timing and expectations for the Company's exploration and drilling programs at Eagle Mountain; mine development plans, preparation and timing of the PEA; and information regarding high grade areas projected from sampling results and drilling results. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; reliability of the 2022 MRE; availability of mining equipment; availability of skilled labour; availability of skilled labour; timing and amount of capital expenditures; performance of capital expenditures; performance of available laboratory and other related services; availability of funds; availability of funds; and future operating costs; and future operating costs. The actual results could be available of funds; and future operating cost. The actual results could be made regarding, and future operating costs.New Risk • Aug 23New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€10.2m market cap, or US$11.0m).New Risk • Aug 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€11.1m market cap, or US$12.3m).공시 • Jun 10Goldsource Mines Inc. Elects Laurie Gaborit as New DirectorGoldsource Mines Inc. at its Annual General Meeting held on June 8, 2023, elected Laurie Gaborit as new director. Ms. Gaborit has over 30 years of combined work experience in mineral exploration, investor relations and corporate communications. She is currently Vice-President Investor Relations for Dore Copper Mining Corporation and serves on the board of directors for Monarch Gold Corporation and Gold Terra Resource Corporation. Ms. Gaborit was Vice-President Investor Relations for Detour Gold Corp, where she was a key member of the management team from the company's initial public offering in 2007 to its successful transformation to intermediate gold producer. Prior to this, Ms. Gaborit provided strategic investor relations and corporate communications services to a number of junior mining companies. In 2019, she was the recipient of the CIRI Belle Mulligan Award for leadership in investor relations. Ms. Gaborit started her career as a geologist for Aur Resources, Cambior, and Romarco Minerals. She holds a Bachelor of Science in Geology (Honours).공시 • May 24Goldsource Mines Inc. announced that it has received CAD 2.70252 million in fundingOn May 23, 2023, Goldsource Mines Inc. closed the transaction. The company amended terms of the transaction. The company issued 7,507,000 units at a price of CAD 0.36 per unit for CAD 2,702,520. Warrant issued is exercisable into one Common Share at a price of CAD 0.55 until May 19, 2025. The transaction included participation from insider investors for 400,000 units. All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day expiring on September 20, 2023. The Private Placement is subject to final approval of the TSXV.공시 • May 06Goldsource Mines Inc. announced that it expects to receive CAD 2 million in fundingGoldsource Mines Inc. announced a private placement of up to 5,555,555 units at an issue price of CAD 0.36 per unit to raise up to CAD 1,999,999.8 on May 4, 2023. The transaction might involve participation from certain directors, officers and other insiders of the company. Each Unit will consist of one common share of the company and one-half of one common share purchase warrant with each whole warrant allowing the subscriber to purchase one additional share for a period of 24 months from the date of the closing at a price of CAD 0.55 per share. The Company may pay finders' fees to certain finders in connection with the Private Placement. The Private Placement may close in multiple tranches and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSXV. All securities to be issued pursuant to the Private Placement will have a hold period of four months and one day from the date of closing of the Private Placement.공시 • Feb 03Goldsource Mines Inc. Reports Positive Results for Eagle Mountain Metallurgical Test Program and 2023 Work PlansGoldsource Mines Inc. announced positive results from the 2022 metallurgical test program, and the 2023 work plans for the Company's 100%-owned Eagle Mountain Gold Project (Project) in Guyana, South America. Summary of 2023 Work Plans: With respect to the 2023 work programs for exploration and engineering, these activities will advance concurrently. Exploration will test new target areas within the Eagle Mountain Prospecting License (EMPL), such as the recently discovered higher-grade North Zion prospect and include expansion and infill drilling of the current mineral resource areas to facilitate ongoing engineering studies. Across many of the engineering disciplines, activities proceeded slower than anticipated in 2022. Thus, 2023 works plans call for the delivery of a Preliminary Economic Assessment (PEA) while the Company advances the technical work for the delivery of a Prefeasibility Study (PFS). The PEA will focus on shallow, low strip ratio open pits with priority given to saprolite mineralization to establish initial low capex-intensity gold production. For fresh rock, trade-off studies are currently underway to evaluate options for the development timeline and the production scale with a focus on staging the development capex and maximizing the utility of the in-place infrastructure provided by a saprolite operation. 2022 Metallurgical Test Program: The metallurgical test program was conducted by SGS Canada Inc. and comprised 26 samples (9 saprolite and 17 fresh rock) for 750 kilograms collected from diamond drill core for the areas represented in the 2022 mineral resource estimate (2022 MRE) for the Eagle Mountain Gold Project. The Project includes the Eagle Mountain deposit, Salbora deposit, and Toucan prospect. The program was designed to profile the mineral resource areas for metallurgical characteristics, including gold recovery, reagent consumption and grindability, with the information to be used to guide plant design work. This program follows saprolite test work completed by SGS Canada in 2018, which included gold recovery tests for 22 saprolite samples from the Eagle Mountain deposit. Gold (Au) head assays were determined by the screened metallics method for the fresh rock samples and by size fraction analysis for the saprolite samples. For the saprolite samples gold grades ranged from 0.55 grams per tonne (gpt) to 2.47 gpt gold and 0.35 gpt to 3.64 gpt gold for the fresh rock. All saprolite and fresh rock samples were submitted for grindability testwork, including Bond ball mill work index and abrasion index tests to be used for plant design work (equipment selection and sizing). Four (4) saprolite and five (5) fresh rock composites were prepared for gold recovery and grind size optimization testwork. Standard cyanide bottle roll tests were completed on gravity tailings for the saprolite and fresh rock composites. For the saprolite composites tests were also completed on whole ore (no gravity concentration) to enable a coarse feed size in the bottle roll tests. For all saprolite composites, the testwork returned high gold recoveries, including with a coarse grind size of 80% passing 166 microns. Cyanide consumptions were low and lime consumption moderate to high, as is common with saprolite deposits. The total gold recoveries and reagent consumption for the five fresh rock composites. Fresh rock gold recoveries were also high averaging 92% for the main Eagle Mountain deposit at a p80 of approximately 80 microns. At a similar grind size, the gold recoveries for the Salbora deposit and Toucan prospect averaged 85%. Higher recoveries were generated with finer grinding. Cyanide and lime consumptions were low to moderate for all fresh rock composites. The exploration plan for 2023 will be two pronged and include generative and drilling activities. The generative program will focus on building the pipeline of early-stage exploration targets within the EMPL and include work in underexplored areas of the prospecting license. This will include follow-up augering, trenching and potentially drilling in the North Zion prospect area, where Trench NZTR22-005 identified two intervals of high-grade mineralization with 40.0 metres grading 5.16 gpt gold and 14.0 metres grading 1.25 gpt gold. Drilling activities with the Company-owned diamond drill rig will be split between exploration drilling in target areas along the north-south Salbora-Powis Trend and infill/expansion drilling proximal to the 2022 MRE outline testing saprolite and higher-grade fresh rock targets to support ongoing engineering work, including pit scheduling studies.Board Change • Dec 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Drew Anwyll was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.매출 및 비용 세부 내역Goldsource Mines가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:G5MA 매출, 비용 및 순이익 (CAD Millions)날짜매출순이익일반관리비연구개발비31 Mar 240-54031 Dec 230-54030 Sep 230-55030 Jun 230-55031 Mar 230-56031 Dec 220-66030 Sep 220-77030 Jun 220-99031 Mar 220-99031 Dec 210-1010030 Sep 210-109030 Jun 210-108031 Mar 210-97031 Dec 200-97030 Sep 200-77030 Jun 200-77031 Mar 200-77031 Dec 190-76030 Sep 190-55030 Jun 190-44031 Mar 190-44031 Dec 180-44030 Sep 180-43030 Jun 180-43031 Mar 180-43031 Dec 170-43030 Sep 170-44030 Jun 170-44031 Mar 170-54031 Dec 160-55030 Sep 160-76030 Jun 160-55031 Mar 160-44031 Dec 150-44030 Sep 150-11030 Jun 150-11031 Mar 150-11031 Dec 140-11030 Sep 140-51030 Jun 140-51031 Mar 140-51031 Dec 130-410양질의 수익: G5MA 은(는) 현재 수익성이 없습니다.이익 마진 증가: G5MA는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: G5MA는 수익성이 없지만 지난 5년 동안 연평균 1.3%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 G5MA의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: G5MA은 수익성이 없어 지난 해 수익 성장률을 Metals and Mining 업계(25%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: G5MA는 현재 수익성이 없으므로 자본 수익률이 음수(-73%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/07/09 07:14종가2024/07/09 00:00수익2024/03/31연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Goldsource Mines Inc.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Brandon GasparSCP Resource Finance LP
공시 • Jul 05Goldsource Mines' Shares Expects to be Delisted from the TSX Venture ExchangeMako Mining Corp. and Goldsource Mines Inc. announced that Mako has completed its previously announced acquisition of Goldsource by way of a plan of arrangement, pursuant to which Mako acquired all of the issued and outstanding common shares of Goldsource in exchange for common shares of Mako. As a result of the Transaction, Mako now owns the Eagle Mountain Gold Project in Guyana. The Goldsource Shares are expected to be delisted from the TSX Venture Exchange. Mako intends to cause Goldsource to submit an application to cease to be a reporting issuer under applicable Canadian securities laws.
공시 • Mar 26Mako Mining Corp. (TSXV:MKO) entered into an arrangement agreement to acquire Goldsource Mines Inc. (TSXV:GXS) for CAD 33.28 million.Mako Mining Corp. (TSXV:MKO) entered into an arrangement agreement to acquire Goldsource Mines Inc. (TSXV:GXS) for CAD 33.28 million on March 26, 2024. The holders of the issued and outstanding Goldsource Shares will receive 0.2200 of a common share of Mako for each Goldsource Share. Termination fee of CAD 1.35 million payable by Mako or Goldsource to the other under certain circumstances. The completion of the Transaction is subject to; (a) approval of the Goldsource security holders; (b) approval of the TSXV; (c) approval of the British Columbia Supreme Court; (d) there being no material adverse changes in respect of either Mako or Goldsource; (e) the approval at a special meeting of Goldsource security holders by (i) 662/3% of the votes cast by Goldsource shareholders, (ii) 662/3% of the votes cast by Goldsource shareholders and option holders, voting as a single class, and (iii) a simple majority of the votes cast by Goldsource shareholders. The boards of directors of Mako and Goldsource unanimously approved the entering into of the Arrangement Agreement. The transaction is expected to close Q2 2024. Eight Capital is acting as financial advisor and fairness opinion provider to Mako, and Cassels Brock & Blackwell LLP is acting as legal counsel to Mako. SCP Resource Finance LP is acting as financial advisor and fairness opinion provider to Goldsource, and Koffman Kalef LLP is acting as legal counsel to Goldsource.
공시 • Dec 15Goldsource Mines Inc. Provides Update on Upcoming Preliminary Economic AssessmentGoldsource Mines Inc. provided an update on the planned Preliminary Economic Assessment ("PEA") for the Company's 100%-owned Eagle Mountain Gold Project ("Project") in Guyana, South America. The PEA, being prepared by ERM Consultants Canada Ltd. and Soutex Inc., considers a fit-for-purpose low-capex intensity phased development plan. The initial phase, or Phase 1, comprises shallow (starting at surface), low strip ratio open pits for saprolite resources and a processing plant design that accounts for the beneficial characteristics of saprolite, including low power requirements and elevated metallurgical recoveries. This is followed by Phase 2, the development of fresh rock mineralization, in which gold production is derived from a blend of fresh rock and saprolite. The transition to fresh rock, both the timing and production scale, has been set to maximize the utility of the in-place infrastructure and potential free cash flow provided in Phase 1. The Company anticipates receiving the PEA results for release in January 2024 with a NI 43-101 Technical Report to be filed within 45 days of the results announcement. This represents a modest delay relative to the Company's guidance of the fourth quarter 2023. The Company will be participating in several industry conferences in the first quarter of 2024, including the Vancouver Resource Investment Conference (January 21-22), Mines and Money - Miami (Feb 22-23), and PDAC Toronto (March 3-6). The PEA will be based on the April 2022 Mineral Resource Estimate ("MRE") comprised of an estimated 31.1 million tonnes ("Mt") grading 1.18 grams per tonne ("gpt") gold for 1,183,000 oz of gold in Indicated Resources, and 18.4 Mt grading 0.98 gpt gold for 582,000 oz of gold in Inferred Resources. The 2022 MRE is contained in a report titled "Eagle Mountain Gold Project, Potaro - Siparuni Region Guyana, NI 43-101 Technical Report" dated May 24, 2022, with an Effective Date of April 5, 2022. The Company's Eagle Mountain Project, like all major gold projects in Guyana, falls within this Essequibo area, the sovereign territory of Guyana. The Company's activities at Eagle Mountain, including exploration, technical and environmental studies, along with ongoing coordination with governmental agencies, which included meetings last week when Company executives were in Guyana, remain unaffected by recent events, though the Company will continue to monitor the situation very closely. The Company has operated in Guyana at the Eagle Mountain Project for over 10 years and intends to be in Guyana for many more years in its commitment to the responsible and sustainable management of the Project and its natural resources in Guyana's Region 8, Potaro-Siparuni.
New Risk • Nov 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €9.33m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€9.33m market cap, or US$9.97m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding).
공시 • Sep 12Goldsource Mines Inc. Provides Update on Engineering and Exploration Activities for Eagle MountainGoldsource Mines Inc. provided an update on its engineering and exploration activities for the Company's 100%-owned Eagle Mountain Gold Project ("Project") in Guyana, South America. The 2023 work program includes engineering activities focused on the delivery of a Preliminary Economic Assessment ("PEA") as well as generative exploration and drilling activities to test new targets within the Eagle Mountain Prospecting License ("PL") and expansion and infill drilling to facilitate engineering studies. Overall, the PEA and related engineering activities are progressing well with the announcement of results anticipated in the fourth quarter of 2023. The PEA will be based on the April 2022 Mineral Resource Estimate ("MRE") comprised of an estimated 31.1 million tonnes ("Mt") grading 1.18 grams per tonne ("gpt") gold for 1,183,000 oz of gold in Indicated Resources, and 18.4 Mt grading 0.98 gpt gold for 582,000 oz of gold in Inferred Resources. The 2022 MRE is contained in a report titled "Eagle Mountain Gold Project, Potaro - Siparuni Region Guyana, NI 43-101 Technical Report" dated May 24, 2022, with an Effective Date of April 5, 2022. Engineering Activity. Generative Exploration Highlights: Per plan in H1 2023, the Company expanded its generative exploration program focusing on adding to the pipeline of exploration targets within the PL and district properties outside the PL for which the Company has exploration agreements. In collaboration with independent geological consultants, the Company completed a multi-month review of all geological data with site visits to enhance exploration models for prospects. New concepts will be tested through the balance of 2023 with generative techniques and core drilling. Soca Prospect and South Ann Prospect Drilling Highlights: Notwithstanding a reduction in drill metres prior to July 2023, several prospects were targeted within the PL. Results for thirteen (13) core holes totaling 1,652.5 metres for the Soca and South Ann prospects located approximately 1.5 and 1.1 kilometres, respectively, south of the 2022 MRE outline for the Eagle Mountain deposit along the Salbora-Powis north-south trend. Drilling has intersected mineralization along an aggregate strike length of approximately 275 metres, down to 170 metres depth, with high-grade gold intervals as well as broader areas of lower grade mineralization. Recent drilling has extended the prospect by 100 metres to the east with the identification of two additional mineralized zones represented by four drill holes EMD23-281 to EMD23-284. Drilling at South Ann targeted an interpreted contact between a quartz-feldspar porphyry intrusion and granodiorite. Four drill holes (EME22-175 to EME22-177 and EME22-183) intersected gold mineralization, which has an aggregate strike length of 175 metres with several mineralized intervals. Importantly, advancements confirm the current mineral resource model while also providing key information with respect to the geological genesis, which will enhance exploration targeting, notably in underexplored areas of the PL. EMEdefines core holes completed by contractor drill rig. True widths are estimated on mineralization orientation to drill core. Saprolite and hard rock cut-off grades of 0.3 and 0.5 gpt gold, respectively. Soutex offers a wide range of services with its personnel having experience in plant operation, engineering, technical services, research and development, training, and process control, simulation and optimization. Such forward-looking statements concern Goldsource's strategic plans; timing and expectations for the Company's exploration and drilling programs at Eagle Mountain; mine development plans, preparation and timing of the PEA; and information regarding high grade areas projected from sampling results and drilling results. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; reliability of the 2022 MRE; availability of mining equipment; availability of skilled labour; availability of skilled labour; timing and amount of capital expenditures; performance of capital expenditures; performance of available laboratory and other related services; availability of funds; availability of funds; and future operating costs; and future operating costs. The actual results could be available of funds; and future operating cost. The actual results could be made regarding, and future operating costs.
New Risk • Aug 23New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€10.2m market cap, or US$11.0m).
New Risk • Aug 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€11.1m market cap, or US$12.3m).
공시 • Jun 10Goldsource Mines Inc. Elects Laurie Gaborit as New DirectorGoldsource Mines Inc. at its Annual General Meeting held on June 8, 2023, elected Laurie Gaborit as new director. Ms. Gaborit has over 30 years of combined work experience in mineral exploration, investor relations and corporate communications. She is currently Vice-President Investor Relations for Dore Copper Mining Corporation and serves on the board of directors for Monarch Gold Corporation and Gold Terra Resource Corporation. Ms. Gaborit was Vice-President Investor Relations for Detour Gold Corp, where she was a key member of the management team from the company's initial public offering in 2007 to its successful transformation to intermediate gold producer. Prior to this, Ms. Gaborit provided strategic investor relations and corporate communications services to a number of junior mining companies. In 2019, she was the recipient of the CIRI Belle Mulligan Award for leadership in investor relations. Ms. Gaborit started her career as a geologist for Aur Resources, Cambior, and Romarco Minerals. She holds a Bachelor of Science in Geology (Honours).
공시 • May 24Goldsource Mines Inc. announced that it has received CAD 2.70252 million in fundingOn May 23, 2023, Goldsource Mines Inc. closed the transaction. The company amended terms of the transaction. The company issued 7,507,000 units at a price of CAD 0.36 per unit for CAD 2,702,520. Warrant issued is exercisable into one Common Share at a price of CAD 0.55 until May 19, 2025. The transaction included participation from insider investors for 400,000 units. All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day expiring on September 20, 2023. The Private Placement is subject to final approval of the TSXV.
공시 • May 06Goldsource Mines Inc. announced that it expects to receive CAD 2 million in fundingGoldsource Mines Inc. announced a private placement of up to 5,555,555 units at an issue price of CAD 0.36 per unit to raise up to CAD 1,999,999.8 on May 4, 2023. The transaction might involve participation from certain directors, officers and other insiders of the company. Each Unit will consist of one common share of the company and one-half of one common share purchase warrant with each whole warrant allowing the subscriber to purchase one additional share for a period of 24 months from the date of the closing at a price of CAD 0.55 per share. The Company may pay finders' fees to certain finders in connection with the Private Placement. The Private Placement may close in multiple tranches and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSXV. All securities to be issued pursuant to the Private Placement will have a hold period of four months and one day from the date of closing of the Private Placement.
공시 • Feb 03Goldsource Mines Inc. Reports Positive Results for Eagle Mountain Metallurgical Test Program and 2023 Work PlansGoldsource Mines Inc. announced positive results from the 2022 metallurgical test program, and the 2023 work plans for the Company's 100%-owned Eagle Mountain Gold Project (Project) in Guyana, South America. Summary of 2023 Work Plans: With respect to the 2023 work programs for exploration and engineering, these activities will advance concurrently. Exploration will test new target areas within the Eagle Mountain Prospecting License (EMPL), such as the recently discovered higher-grade North Zion prospect and include expansion and infill drilling of the current mineral resource areas to facilitate ongoing engineering studies. Across many of the engineering disciplines, activities proceeded slower than anticipated in 2022. Thus, 2023 works plans call for the delivery of a Preliminary Economic Assessment (PEA) while the Company advances the technical work for the delivery of a Prefeasibility Study (PFS). The PEA will focus on shallow, low strip ratio open pits with priority given to saprolite mineralization to establish initial low capex-intensity gold production. For fresh rock, trade-off studies are currently underway to evaluate options for the development timeline and the production scale with a focus on staging the development capex and maximizing the utility of the in-place infrastructure provided by a saprolite operation. 2022 Metallurgical Test Program: The metallurgical test program was conducted by SGS Canada Inc. and comprised 26 samples (9 saprolite and 17 fresh rock) for 750 kilograms collected from diamond drill core for the areas represented in the 2022 mineral resource estimate (2022 MRE) for the Eagle Mountain Gold Project. The Project includes the Eagle Mountain deposit, Salbora deposit, and Toucan prospect. The program was designed to profile the mineral resource areas for metallurgical characteristics, including gold recovery, reagent consumption and grindability, with the information to be used to guide plant design work. This program follows saprolite test work completed by SGS Canada in 2018, which included gold recovery tests for 22 saprolite samples from the Eagle Mountain deposit. Gold (Au) head assays were determined by the screened metallics method for the fresh rock samples and by size fraction analysis for the saprolite samples. For the saprolite samples gold grades ranged from 0.55 grams per tonne (gpt) to 2.47 gpt gold and 0.35 gpt to 3.64 gpt gold for the fresh rock. All saprolite and fresh rock samples were submitted for grindability testwork, including Bond ball mill work index and abrasion index tests to be used for plant design work (equipment selection and sizing). Four (4) saprolite and five (5) fresh rock composites were prepared for gold recovery and grind size optimization testwork. Standard cyanide bottle roll tests were completed on gravity tailings for the saprolite and fresh rock composites. For the saprolite composites tests were also completed on whole ore (no gravity concentration) to enable a coarse feed size in the bottle roll tests. For all saprolite composites, the testwork returned high gold recoveries, including with a coarse grind size of 80% passing 166 microns. Cyanide consumptions were low and lime consumption moderate to high, as is common with saprolite deposits. The total gold recoveries and reagent consumption for the five fresh rock composites. Fresh rock gold recoveries were also high averaging 92% for the main Eagle Mountain deposit at a p80 of approximately 80 microns. At a similar grind size, the gold recoveries for the Salbora deposit and Toucan prospect averaged 85%. Higher recoveries were generated with finer grinding. Cyanide and lime consumptions were low to moderate for all fresh rock composites. The exploration plan for 2023 will be two pronged and include generative and drilling activities. The generative program will focus on building the pipeline of early-stage exploration targets within the EMPL and include work in underexplored areas of the prospecting license. This will include follow-up augering, trenching and potentially drilling in the North Zion prospect area, where Trench NZTR22-005 identified two intervals of high-grade mineralization with 40.0 metres grading 5.16 gpt gold and 14.0 metres grading 1.25 gpt gold. Drilling activities with the Company-owned diamond drill rig will be split between exploration drilling in target areas along the north-south Salbora-Powis Trend and infill/expansion drilling proximal to the 2022 MRE outline testing saprolite and higher-grade fresh rock targets to support ongoing engineering work, including pit scheduling studies.
Board Change • Dec 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Drew Anwyll was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.