Goldsource Mines Inc.
GXS.V
Toronto Stock Exchange Ventures0.71
CAD
+0.02
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Goldsource Mines Inc.
GXS.V
(Toronto Stock Exchange Ventures)
Recent
price
0.71
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Goldsource Mines Inc. is a mining company primarily engaged in the exploration and development of gold mineral properties. Its principal asset is the 100%-owned Eagle Mountain Gold Project located in Guyana, South America. The company focuses on the exploration, evaluation, and development of gold deposits, with core activities including resource definition, preliminary economic assessments, and feasibility studies aimed at advancing the project towards commercial production. Its main products and services encompass gold mining exploration, resource assessment, and project development within the precious metals sector. In terms of recent major changes, Goldsource Mines Inc. was acquired by Mako Mining Corp. in July 2024 through a court-approved plan of arrangement. This acquisition involved Mako Mining Corp. exchanging its common shares for all issued and outstanding common shares of Goldsource Mines. This transaction effectively made Goldsource a part of Mako Mining’s portfolio, granting Mako ownership of the Eagle Mountain Gold Project. The deal aligns with Mako’s strategic objectives to create a scalable, diversified gold production platform with a strong growth focus. Prior to this, in early 2024, Goldsource published a Preliminary Economic Assessment (PEA) for the Eagle Mountain Project, indicating its commitment to advancing project development. Goldsource Mines Inc. operates within the mining industry, more specifically in the gold exploration and development segment. The company targets the precious metals market, particularly gold, with its projects primarily in the Guyana region of South America. Founded earlier in the 21st century, the company was headquartered in Vancouver, British Columbia, Canada, before its acquisition. Post-acquisition, its key operations and assets have been integrated under Mako Mining Corp., a publicly traded gold mining company with broader operations and exploration activities across the Americas. This description reflects Goldsource Mines Inc.’s main product focus on gold exploration and development, its strategic acquisition by Mako Mining Corp., and its geographical and operational context within the mining sector. The acquisition represents a significant recent change, positioning the company within a larger mining entity with expanded resources and market reach. This transaction complements Goldsource's existing resource base and development plans, consolidating its presence in the gold mining industry. All information is based on the latest publicly available data as of late 2024 and early 2025.