New Risk • May 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 165% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). High level of non-cash earnings (165% accrual ratio). Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.3m market cap, or US$7.56m). New Risk • Apr 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). High level of non-cash earnings (114% accrual ratio). Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.24m market cap, or US$5.91m). Aankondiging • Jan 27
Gold Port Corporation, Annual General Meeting, Mar 25, 2026 Gold Port Corporation, Annual General Meeting, Mar 25, 2026. Location: british columbia, vancouver Canada New Risk • Dec 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 182% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). High level of non-cash earnings (114% accrual ratio). Shareholders have been substantially diluted in the past year (182% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$23.3m market cap, or US$16.7m). Aankondiging • Oct 28
Gold Port Corporation announced that it expects to receive CAD 1.2825 million in funding Gold Port Corp. has arranged a non-brokered private placement of up to 17,100,000 units at a price of CAD 0.075 cents per unit for gross proceeds of up to CAD 1,282,500 on October 27, 2025. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.10 valid for five years from the date of closing. All securities issued will be subject to a statutory hold period of one year. No finders' fees will be paid in connection with this financing. The offering remains subject to regulatory approval, including that of the TSX Venture Exchange. Aankondiging • Jul 16
Gold Port Corporation Announces Access Survey Completed Reviewing Road Construction Bids Gold Port Corporation announced that the 100% owned claim group comprising the Groete Gold Copper Project has been renewed for the upcoming year by the Guyana Geology and Mines Commission. The three Mining Permits total 1,384 hectares and are at an advanced stage of exploration with a NI 43-101 gold copper resource. The Project is located 10 kilometers from the Essequibo River which is a major transportation feature of this area of Guyana. Water access was utilized for past drill programs, but the completion of road access is now required. Management is reviewing several proposals for the construction of an access road to the Project site and hope to complete a contract in the near future to facilitate the initiation of a drill program. Board Change • Jul 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 24
New major risk - Revenue and earnings growth Earnings have declined by 9.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 9.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.95m market cap, or US$1.42m). Board Change • May 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 26
Gold Port Corporation Announces Leach Test Work Underway Using New and Innovative Leaching Process Gold Port Corporation announced that leach test work is underway using a new and innovative leaching process. Draslovka's Mining Innovation Centre in Perth, Australia has been retained to test their patented GlyCat glycine leaching technology for the recovery of gold using a dual lixiviant system of glycine and sodium cyanide. Samples from the Groete Gold Project have been received in Australia and are currently under evaluation. Test work is being conducted under the supervision of Mr. William Feyerabend, CPG, a Qualified Person under National Instrument 43-101, and a director of the Company. Glycine is a non-toxic biodegradable and recyclable amino acid commonly used as a food additive. Industry test work by Draslovka's Mining innovation Centre in Perth, has demonstrated that GlyCat enables significant operation cost savings from the reduction in the use of cyanide, detoxification and other leaching reagents, potential improvements in gold recovery as well as reduction of waste and wastewater treatment costs. Board Change • Oct 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 17
Gold Port Corporation Announces Drill Core Bulk Samples from the Groete Gold Project Received by SGS Laboratories of Lakefield, Ontario, for Leach Testing Gold Port Corporation announced that drill core bulk samples from the Groete Gold Project have been received by SGS Laboratories of Lakefield, Ontario, for leach testing. The purpose of the program is to evaluate Groete Gold Project samples for amenability to new generation leaching agents. Several reagents will be tested, with further details to follow. The program is under the supervision of Mr. Eugene Puritch, P.Eng., FEC, CET and D. Grant Feasby, P.Eng., of P&E Mining Consultants Inc., both independent Qualified Persons under National Instrument 43-101. The company is well funded to continue its evaluation of the Groete Gold Copper Project located in Guyana. A 2023, 35 core hole drill program has been designed to delineate a higher grade gold zone within the known deposit. The company owns and operates its own new Multi-Power track mounted core drill rig and additional heavy equipment. Project access is under design, and will require a new access route from a nearby road network. The Project was last explored in 2012, which included a drill program that allowed the calculation of an Inferred Mineral Resource of 1.57 million gold equivalent ounces (gold plus copper) within 74 million tonnes, at a grade of 0.66 grams per tonne gold equivalent. A cut-off grade of 0.25 gold equivalent grams per tonne, a gold price of USD 1,275 per ounce and copper price of USD 3.00 per pound was used in the calculation of the Inferred Mineral Resource. Board Change • May 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 20
Gold Port Initiates Metallurgical Test Program Gold Port Corporation has initiated a metallurgical test program regarding the Groete Gold Project, located in Guyana, SA. The Company has arranged with P&E Mining Consultants Inc. of Brampton, Ontario, Canada, to provide Qualified Person supervision for updated leach test work on Groete Gold Project drill core. Test work will be performed by SGS Laboratories of Lakefield, Ontario, Canada. A site visit has been completed and 100 kilograms of drill core has been acquired for testing at SGS. Recent developments in leaching reagents may offer an alternative to cyanide leaching or grind and float recovery methods. The Company will provide further information upon completion of the vendor selection process for alternative reagents. The Company is well funded to continue its evaluation of the Groete Gold Copper Project located in Guyana. The Project was last explored in 2012, which included a drill program that allowed the calculation of an Inferred Mineral Resource of 1.57 million gold copper equivalent ounces within 74 million tonnes, at a grade of 0.66 grams per tonne gold equivalent. A cutoff grade of 0.25 gold equivalent grams per tonne, a gold price of USD 1,275 per ounce and copper price of USD 3.00 per pound was used in the calculation of the Inferred Mineral Resource. Board Change • Jan 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 18
Gold Port Corporation Provides A Technical Update on the Groete Gold Copper Project in Guyana, South America Gold Port Corporation announced a technical update on the Groete Gold Copper Project, located in Guyana, South America. The Groete Gold Copper Project is currently defined by 22 historical drill holes, with both gold and copper mineralization. The known gold portion of the deposit is comprised of a higher-grade gold zone surrounded by a lower grade halo. After review of all historical data, management have determined the future development of the project should focus on the higher-grade gold zone. The Company has received an updated infill drilling plan to develop an Indicated Mineral Resource Estimate at the Project. The new plan was developed by P&E Mining Consultants Inc. (P&E) of Brampton, Ontario, Canada. The 35-hole, 8,102-meter drill program will focus on the higher-grade gold portion of the deposit. The in-situ exploration target potential of the higher-grade zone is estimated to be between 15 to 20 million tonnes with a gold grade between 0.90 and 1.40 grams per tonne gold. P&E also recommends that comprehensive bulk density measurements be taken from drill hole core, by either water immersion or pycnometry. It is also recommended that additional metallurgical test work be completed, with three holes twinned for this purpose. Board Change • Aug 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 21
Gold Port Corporation Announces Its Company Owned Discovery I Core Rig, by Multi-Power Products Ltd of Kelowna, B.C., Has Now Arrived in Georgetown, Guyana Gold Port Corporation announced that its Company owned Discovery I Core Rig, by Multi-Power Products Ltd. of Kelowna, B.C., has now arrived in Georgetown, Guyana. The state-of-the-art track mounted rig system along with support equipment and supplies are now being cleared through customs and scheduled for transportation to the project site. Site preparation is ongoing, with a new access road being sited and placed. Heavy equipment on site has been refurbished for the ensuing drill program. Other support structures have been purchased and will be sited prior to the program commencement. A 10,000-meter, 54-hole core drill program is planned to begin. All holes have been located, and access on site is good. The intent of the program is to potentially expand the known inferred resource and to upgrade the resource definition to measured and indicated. This large tonnage gold copper project is very well located close to infrastructure and deep-water access. The Company is very well funded to complete the planned exploration program. Board Change • Jun 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rick Barnett was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 27
Gold Port Corporation Provides a Corporate Update Gold Port Corporation is providing a corporate update. The Discovery 1 Core Rig ordered from Multi-Power Products Inc., of Kelowna, British Columbia, is nearing completion. The unit is expected to be ready for shipment by the end of the month. The custom ordered rig is track mounted to facilitate drilling at the Groete Gold Copper Project, Guyana. The entire package, including drill rods and bits, will provide a turnkey drill operation to the Company. Management have been assembling an exploration and drilling team sourcing experienced local Guyanese service contractors. The company announced that the three Mining Permits comprising the Groete Gold Copper Project have been accepted for renewal by the Guyana Geology and Mines Commission for the ensuing year. The site has been prepared for a 10,000-meter drill program with the intention of upgrading and expanding the known gold copper resource. The project was last explored in 2012, which included a drill program that allowed the calculation of an Inferred Mineral Resource of 1.57 million gold copper equivalent ounces within 74 million tonnes, at a grade of 0.66 grams per tonne gold copper equivalent. A cutoff
grade of 0.25 gold copper ounce per tonne equivalent, a gold price of USD 1,275 per ounce and copper price of $3.00 per pound was used in the calculation of the Inferred Mineral Resource. Is New 90 Day High Low • Feb 13
New 90-day high: CA$0.26 The company is up 79% from its price of CA$0.14 on 13 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. Aankondiging • Feb 06
An unknown buyer acquired an unknown stake in Lithium South Corporation from Gold Port Corporation (CNSX:GPO) for CAD 0.9 million. An unknown buyer acquired an unknown stake in Lithium South Corporation from Gold Port Corporation (CNSX:GPO) for CAD 0.9 million on February 5, 2021. Under the terms of transaction, the buyer acquired 1.5 million shares at CAD 0.6 each. Prior to the transaction, buyer held 6.1 million shares and 6.1 million common share purchase warrants of Gold Port Corporation. As a result of the transaction, buyer holds 4.57 million shares and 6.1 million warrants of Gold Port Corporation.
An unknown buyer completed the acquisition of an unknown stake in Lithium South Corporation from Gold Port Corporation (CNSX:GPO) on February 5, 2021. Aankondiging • Oct 07
Gold Port Corporation announced that it has received CAD 0.060001 million in funding On October 5, 2020, Gold Port Corporation (CNSX:GPO) closed the transaction. The transaction included participation from single investor. Aankondiging • Oct 06
Gold Port Corporation announced that it expects to receive CAD 0.060001 million in funding Gold Port Corporation (CNSX:GPO) announced private placement of units for gross proceeds of CAD 60,000.68 on September 25, 2020. Each unit consists of one common share and one transferable share purchase warrant. Each warrant is exercisable at a price of $0.16 (CAD 0.214336) until September 25, 2025. The company will issue securities pursuant to exemption provided under Regulation D. Aankondiging • Sep 24
Gold Port Corporation Provides Exploration Update Gold Port Corporation recently retained P&E Mining Consultants Inc. (P&E) of Brampton, Ontario, Canada, to review their work to date and recommend the next phase of exploration for the Groete Gold Copper Project. The current data base is comprised of 22 drill holes totalling 6,521 metres. After review, P&E have advised that the variography indicates a low nugget effect of 20% and a reliable crossdeposit variogram (perpendicular to the dip of the Deposit) suggesting the current domain modelling is reasonable. To enhance the accuracy of the current Mineral Resource, and potentially upgrade it in classification, P&E are recommending a 56 hole, 12,000 meter program. Proceeds from the private placement announced above, and current assets are anticipated to be adequate to complete the drill program. The Company has obtained three drill quotes from experienced drillers in Guyana with available equipment. After camp expansion, a phase one drill program will begin on site. Further details will be provided upon selection of the drill contractor. The Company holds a 100% interest in the Groete Gold Copper Project located in Guyana, S.A. The National Instrument 43101 Mineral Resource Estimate (the "Technical Report") is in the Inferred Mineral Resource classification at an open pit cutoff grade of 0.25 g/t AuEq. Mineral Resource estimation parameters including bulk density, metal values, process recoveries and pit optimization costs are detailed in Section 14 of the Technical Report. A gold price of USD 1,275/oz was used for the Mineral Resource Estimate. The project was last explored in 2012, which included a drill program that allowed the calculation of the above Inferred Mineral Resource. The Company has maintained a full camp and security at the Project site. Approximately 1.2 kilometers of the known 4 kilometer strike have been evaluated by drilling. Further surface sampling to better define the mineral horizon will be undertaken in conjunction with drilling the historical target areas. Aankondiging • Sep 23
Gold Port Corporation announced that it expects to receive CAD 0.75 million in funding Gold Port Corporation (CNSX:GPO) announced a private placement of 5,000,000 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 750,000 on July 9, 2020. Each unit consists of one share and one transferable common share purchase warrant. Each warrant is exercisable into common share at price of CAD 0.30 for a period of three years from closing. The company will pay 8% as a finder's fees in the transaction. The transaction has been approved by board of directors of the company. Aankondiging • Sep 10
Corsurex Resource Corp. Auditor Raises 'Going Concern' Doubt Corsurex Resource Corp. filed its Annual on Aug 31, 2020 for the period ending Dec 31, 2019. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 