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Category: Junior: Late Stage Developer
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Goldsource Mines Inc
www: www.goldsourcemines.com     email: info@goldsourcemines.com

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Notes
Forum
Your Data

Symbol Data

Symbol Currency
CVE:GXS CAD
OTCMKTS:GXSFF USD

Description

Goldsource Mines Inc are a gold focused junior, late stage development company with one mine in development in Guyana and two exploration properties. They have approximately 0.75Moz. of gold in the reserves and resources category of which 0.15Moz. are in the measured and indicated category. They have a market capitalisation of ~C$15.45M which is a fall of roughly 7% over the last three weeks. As of 08/27/2018 they have no debt and ~C$0.78M cash. They have 222M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 08/27/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $16.64M $15.45M 08/27/2018 $-1.19M
Total Assets: $9.35M $9.35M 08/27/2018 $0.00M
Total Liabilities: $0.55M $0.55M 08/27/2018 $0.00M
Current Assets: $0.78M $0.78M 08/27/2018 $0.00M
Current Liabilities: $0.31M $0.31M 08/27/2018 $0.00M
Total Debt: $0.00M $0.00M 08/27/2018 $0.00M
Cash: $0.78M $0.78M 08/27/2018 $0.00M
Enterprise Value: $15.86M $14.67M 06/19/1970 $-1.19M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: Yes Yes 08/27/2018 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 08/27/2018 0.00%
Misc 08/27/2018
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 222,000,000 222,000,000 08/27/2018 0
Shares (FD): 305,000,000 305,000,000 08/27/2018 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 09/01/2019 08/27/2018 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
08/27/2018 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
08/27/2018 0
Initial CapEx (Outstanding): $7.00M
42.08% of Mkt.Cap
$7.00M
45.32% of Mkt.Cap
08/27/2018 $0.00M
Funding Option: n/a (guess)  Issue stock 08/27/2018 n/a
Documentation: none PEA 08/27/2018 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 08/27/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 08/27/2018 0.00M
Measured & Indicated: 0.15M 0.15M 08/27/2018 0.00M
Inferred: 0.60M 0.60M 08/27/2018 0.00M
Reserves & Resources: 0.75M 0.75M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 08/27/2018 0.00M
Measured & Indicated: 0.00M 0.00M 08/27/2018 0.00M
Inferred: 0.00M 0.00M 08/27/2018 0.00M
Reserves & Resources: 0.00M 0.00M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/27/2018 $0.00
Extra Operating Cost: n/a n/a 08/27/2018 $0.00
Average Grade: 1.30 g/t 1.30 g/t 08/27/2018 n/a
Recovery Rate: (CG)  1.00% (CG)  1.00% 08/27/2018 0.00%
F
U
T
U
R
E
Proven & Probable: 0.60M 0.60M 08/27/2018 0.00M
Annual Production: 40,000oz. 40,000oz. 08/27/2018 0oz.
Cash Cost: $700 $700 08/27/2018 $0
Extra Operating Cost: $400 $400 08/27/2018 $0
SILVER 08/27/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 08/27/2018 0.00M
Measured & Indicated: n/a n/a 08/27/2018 0.00M
Inferred: n/a n/a 08/27/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 08/27/2018 0.00M
Measured & Indicated: n/a n/a 08/27/2018 0.00M
Inferred: n/a n/a 08/27/2018 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/27/2018 $0.00
Extra Operating Cost: n/a n/a 08/27/2018 $0.00
Average Grade: n/a n/a 08/27/2018 n/a
Recovery Rate: n/a n/a 08/27/2018 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 08/27/2018 0.00M
Annual Production: n/a n/a 08/27/2018 n/a
Cash Cost: n/a n/a 08/27/2018 n/a
Extra Operating Cost: n/a n/a 08/27/2018 n/a

Property

Last Analysis Data  (08/27/2018)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Georgetown, Guyana Eagle Mountain 100% 5,000 Open Pit show
Likely to reach 35,000 in 3 to 5 years.

Very shallow open pit. 750,000 oz (1.3 gpt).

Low cash costs around $500 per oz.
Exploration Para State, Brazil Tucuma 58% n/a n/a n/a
Exploration Guyana Mowasi 100% (guess) 15,000 n/a show
Early exploration
Total Land Package Size (ha): 20,000  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Georgetown, Guyana Eagle Mountain 100% 5,000 Open Pit show
Likely to reach 35,000 in 3 to 5 years.

Very shallow open pit. 750,000 oz (1.3 gpt).

Low cash costs around $500 per oz.
Exploration Para State, Brazil Tucuma 58% n/a n/a n/a
Exploration Guyana Mowasi 100% (guess) 15,000 n/a show
Early exploration
Total Land Package Size (ha): 20,000  

Profitability (by resource)

Proven &
Probable
08/27/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:
n/a n/a n/a 0.00%
Measured &
Indicated
08/27/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.15M 0.15M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.46M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.00M 0.00M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): $0.09M $0.09M n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $0.09M $0.09M n/a $0.00M
Max Profit / Current MCap: 0.005 0.006 n/a 0.000
Max Profit Per Share (Gold): $0.00 $0.00 n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.00 $0.00 n/a $0.00
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $13,862.92 $12,872.71 n/a $-990.21
FD Mkt. Cap / Silver Eq.: $169.96 $152.10 n/a $-17.86
FD Mkt. Cap / Per Metal
as % Spot Price:
1,147.59% 1,069.61% n/a -77.99%

Reserves &
Resources
08/27/2018
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.75M 0.75M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.30M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.00M 0.00M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.01M
Maximum Profit (Gold): $0.32M $0.30M n/a $-0.01M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $0.32M $0.30M n/a $-0.01M
Max Profit / Current MCap: 0.019 0.020 n/a 0.001
Max Profit Per Share (Gold): $0.00 $0.00 n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.00 $0.00 n/a $0.00
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD Mkt. Cap / Gold Eq.: $3,960.83 $3,677.92 n/a $-282.92
FD Mkt. Cap / Silver Eq.: $48.56 $43.46 n/a $-5.10
FD Mkt. Cap / Per Metal
as % Spot Price:
327.88% 305.60% n/a -22.28%

Future Valuation (Cash Flow & Totals)

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