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Belo Sun Mining Corp are a gold focused junior, late stage development company with one mine in development in Brazil and two exploration properties. They have approximately 6.5Moz. of gold in the reserves and resources category of which 5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$141.59M which is a fall of roughly 57% over the last ten months. As of 09/30/2017 they have no debt and ~C$54.47M cash. They have 466M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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On track for production in 2019. A large capex of $300 million, but economic with after-tax IRR of 32% at $1300 gold. Could be difficult to finance at current gold prices, but they will have no problem at $1400 gold.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
Stock Price USA 12 Months Ago ($)
Stock Price Change Last 12 Months (%)
Stock Price USA 5-Year High ($) (including date)
$1.72 - 11/30/2012
Stock Price USA 5-Year Low ($) (including date)
4 Cents - 10/31/2008
Appear to be doing a good job. They have been aggressively drilling and have an aggressive plan to get the mine into production in 2019.
Brazil. Two properties.
Local Issues (wag)
Good place to mine.
Country of Incorporation
Their flagship property called Volta Grande. 330,000 acres.
Shareholder Friendly (wag)
Ore Grade (wag)
1.7 gpt surface mine
12/7/2017: Decreased rating from 2.5 to 1 after a legal judgment regarding their environmental permit.
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