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Goldsource Mines Inc

www: www.goldsourcemines.com   email: info@goldsourcemines.com
Category: Junior: Late Stage Developer
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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 1.2Moz. of gold in the reserves and resources category of which 0.2Moz. are in the measured and indicated category. They have a market capitalisation of ~C$61.6M which is a rise of roughly 26% over the last five months. As of 05/04/2020 they have no debt and ~C$5.69M cash. They have 375M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 05/04/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $48.92M $61.60M 05/04/2020 $12.68M
Total Assets: $12.78M $13.65M 05/04/2020 $0.87M
Total Liabilities: $0.50M $0.53M 05/04/2020 $0.03M
Current Assets: $5.32M $5.69M 05/04/2020 $0.36M
Current Liabilities: $0.28M $0.30M 05/04/2020 $0.02M
Total Debt: $0.00M $0.00M 05/04/2020 $0.00M
Cash: $5.32M $5.69M 05/04/2020 $0.36M
Enterprise Value: $43.60M $55.91M 10/09/1971 $12.32M
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 05/04/2020 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 05/04/2020 0.00%
Misc 05/04/2020
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 374,803,000 374,803,000 05/04/2020 0
Shares (FD): 492,196,000 492,196,000 05/04/2020 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2022 05/04/2020 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
05/04/2020 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
05/04/2020 0
Initial CapEx (Outstanding): n/a n/a 05/04/2020 n/a
Funding Option: n/a (guess)  Issue stock 05/04/2020 n/a
Documentation: none PEA 05/19/2020 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 05/04/2020
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 05/04/2020 0.00M
Measured & Indicated: 0.20M 0.20M 05/04/2020 0.00M
Inferred: 1.00M 1.00M 05/04/2020 0.00M
Reserves & Resources: 1.20M 1.20M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 05/04/2020 0.00M
Measured & Indicated: 0.15M 0.15M 05/04/2020 0.00M
Inferred: 0.48M 0.48M 05/04/2020 0.00M
Reserves & Resources: 0.63M 0.63M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 05/04/2020 $0.00
Extra Operating Cost: n/a n/a 05/04/2020 $0.00
Average Grade: 1.30 g/t 1.30 g/t 05/04/2020 n/a
Recovery Rate: (CG)  95.00% (CG)  95.00% 05/19/2020 0.00%
F
U
T
U
R
E
Proven & Probable: 1.00M 1.00M 05/04/2020 0.00M
Annual Production: 50,000oz. 50,000oz. 05/04/2020 0oz.
Cash Cost: $750 $750 05/04/2020 $0
Extra Operating Cost: $400 $400 05/04/2020 $0
SILVER 05/04/2020
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 05/04/2020 0.00M
Measured & Indicated: n/a n/a 05/04/2020 0.00M
Inferred: n/a n/a 05/04/2020 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 05/04/2020 0.00M
Measured & Indicated: n/a n/a 05/04/2020 0.00M
Inferred: n/a n/a 05/04/2020 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 05/04/2020 $0.00
Extra Operating Cost: n/a n/a 05/04/2020 $0.00
Average Grade: n/a n/a 05/04/2020 n/a
Recovery Rate: n/a n/a 05/04/2020 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 05/04/2020 0.00M
Annual Production: n/a n/a 05/04/2020 n/a
Cash Cost: n/a n/a 05/04/2020 n/a
Extra Operating Cost: n/a n/a 05/04/2020 n/a

Property

Last Analysis Data  (05/04/2020)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Georgetown, Guyana Eagle Mountain 100% 5,000 Open Pit show
Several discoveries. Increasing in size.

Toucan
Salbora
Friendly
Powis

Likely at least 1.5 million 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
Exploration Para State, Brazil Tucuma 58% n/a n/a n/a
Development Georgetown, Guyana Eagle Mountain 100% 5,000 Open Pit show
Several discoveries. Increasing in size.

Toucan
Salbora
Friendly
Powis

Likely at least 1.5 million oz.
Exploration Guyana Mowasi 100% (guess) 15,000 n/a show
Early exploration
Total Land Package Size (ha): 20,000  

Profitability (by resource)

Proven &
Probable
05/04/2020
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
05/04/2020
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.): 0.20M 0.20M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -8.52M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.15M 0.15M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -6.48M
Maximum Profit (Gold): $58.71M $85.01M n/a $26.30M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $58.71M $85.01M n/a $26.30M
Max Profit / Current MCap: 1.200 1.380 n/a 0.180
Max Profit Per Share (Gold): $0.12 $0.17 n/a $0.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.12 $0.17 n/a $0.05
Total Free Profit Per Share: $0.00 $0.01 n/a $0.01
FD Mkt. Cap / Gold Eq.: $321.86 $405.29 n/a $83.43
FD Mkt. Cap / Silver Eq.: $2.79 $5.56 n/a $2.77
FD Mkt. Cap / Per Metal
as % Spot Price:
18.91% 20.79% n/a 1.88%

Reserves &
Resources
05/04/2020
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.): 1.20M 1.20M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -51.14M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.63M 0.63M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -26.72M
Maximum Profit (Gold): $242.19M $350.68M n/a $108.50M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $242.19M $350.68M n/a $108.50M
Max Profit / Current MCap: 4.950 5.692 n/a 0.742
Max Profit Per Share (Gold): $0.49 $0.71 n/a $0.22
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.49 $0.71 n/a $0.22
Total Free Profit Per Share: $0.35 $0.55 n/a $0.20
FD Mkt. Cap / Gold Eq.: $78.03 $98.25 n/a $20.23
FD Mkt. Cap / Silver Eq.: $0.68 $1.35 n/a $0.67
FD Mkt. Cap / Per Metal
as % Spot Price:
4.58% 5.04% n/a 0.46%

Future Valuation (Cash Flow & Totals)

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