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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 0.8Moz. 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$24.35M which is a fall of roughly 47% over the last four months. As of 07/27/2019 they have no debt and ~C$5.68M cash. They have 314M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 07/27/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $45.58M $24.35M 07/27/2019 $-21.23M
Total Assets: $13.66M $13.62M 07/27/2019 $-0.04M
Total Liabilities: $0.53M $0.53M 07/27/2019 $0.00M
Current Assets: $5.69M $5.68M 07/27/2019 $-0.02M
Current Liabilities: $0.30M $0.30M 07/27/2019 $0.00M
Total Debt: $0.00M $0.00M 07/27/2019 $0.00M
Cash: $5.69M $5.68M 07/27/2019 $-0.02M
Enterprise Value: $39.89M $18.68M 08/04/1970 $-21.21M
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 07/27/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 07/27/2019 0.00%
Misc 07/27/2019
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 314,000,000 314,000,000 07/27/2019 0
Shares (FD): 429,000,000 429,000,000 07/27/2019 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 09/01/2020 07/27/2019 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
07/27/2019 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
07/27/2019 0
Initial CapEx (Outstanding): $20.00M
43.88% of Mkt.Cap
$20.00M
82.13% of Mkt.Cap
07/27/2019 $0.00M
Funding Option: n/a (guess)  Issue stock 07/27/2019 n/a
Documentation: none PEA 07/27/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 07/27/2019
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 07/27/2019 0.00M
Measured & Indicated: 0.20M 0.20M 07/27/2019 0.00M
Inferred: 0.60M 0.60M 07/27/2019 0.00M
Reserves & Resources: 0.80M 0.80M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 07/27/2019 0.00M
Measured & Indicated: 0.16M 0.16M 07/27/2019 0.00M
Inferred: 0.29M 0.29M 07/27/2019 0.00M
Reserves & Resources: 0.45M 0.45M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 07/27/2019 $0.00
Extra Operating Cost: n/a n/a 07/27/2019 $0.00
Average Grade: 1.30 g/t 1.30 g/t 07/27/2019 n/a
Recovery Rate: (CG)  97.00% (CG)  97.00% 07/27/2019 0.00%
F
U
T
U
R
E
Proven & Probable: 1.00M 1.00M 07/27/2019 0.00M
Annual Production: 50,000oz. 50,000oz. 07/27/2019 0oz.
Cash Cost: $700 $700 07/27/2019 $0
Extra Operating Cost: $400 $400 07/27/2019 $0
SILVER 07/27/2019
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 07/27/2019 0.00M
Measured & Indicated: n/a n/a 07/27/2019 0.00M
Inferred: n/a n/a 07/27/2019 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 07/27/2019 0.00M
Measured & Indicated: n/a n/a 07/27/2019 0.00M
Inferred: n/a n/a 07/27/2019 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 07/27/2019 $0.00
Extra Operating Cost: n/a n/a 07/27/2019 $0.00
Average Grade: n/a n/a 07/27/2019 n/a
Recovery Rate: n/a n/a 07/27/2019 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 07/27/2019 0.00M
Annual Production: n/a n/a 07/27/2019 n/a
Cash Cost: n/a n/a 07/27/2019 n/a
Extra Operating Cost: n/a n/a 07/27/2019 n/a

Property

Last Analysis Data  (07/27/2019)
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
07/27/2019
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
07/27/2019
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 -0.05M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.16M 0.16M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -0.04M
Maximum Profit (Gold): $34.61M $38.68M n/a $4.06M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $34.61M $38.68M n/a $4.06M
Max Profit / Current MCap: 0.759 1.588 n/a 0.829
Max Profit Per Share (Gold): $0.08 $0.09 n/a $0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.08 $0.09 n/a $0.01
Total Free Profit Per Share: $0.00 $0.02 n/a $0.02
FD Mkt. Cap / Gold Eq.: $293.67 $156.91 n/a $-136.77
FD Mkt. Cap / Silver Eq.: $3.38 $1.81 n/a $-1.57
FD Mkt. Cap / Per Metal
as % Spot Price:
20.70% 10.78% n/a -9.93%

Reserves &
Resources
07/27/2019
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.): 0.80M 0.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -0.20M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.45M 0.45M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -0.11M
Maximum Profit (Gold): $99.51M $111.19M n/a $11.68M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $99.51M $111.19M n/a $11.68M
Max Profit / Current MCap: 2.183 4.566 n/a 2.383
Max Profit Per Share (Gold): $0.23 $0.26 n/a $0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.23 $0.26 n/a $0.03
Total Free Profit Per Share: $0.09 $0.18 n/a $0.09
FD Mkt. Cap / Gold Eq.: $102.15 $54.58 n/a $-47.57
FD Mkt. Cap / Silver Eq.: $1.18 $0.63 n/a $-0.55
FD Mkt. Cap / Per Metal
as % Spot Price:
7.20% 3.75% n/a -3.45%

Future Valuation (Cash Flow & Totals)

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