Eastern Goldfields, Inc.
OOTC:EGDD0.00
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Eastern Goldfields, Inc.
OTC:EGDD
(OTC Markets)
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ROIC.AI
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- Business
- Eastern Goldfields, Inc. (EGDD) engages in the acquisition, development, exploration, and mining of gold properties through its subsidiaries. The company operates as a gold producer and developer with mining assets primarily in the Barberton Greenstone Belt area of Mpumalanga Province, South Africa; it focuses on precious metals within the non-energy minerals industry and targets gold extraction from Archaean greenstone districts. Founded in 1998 and headquartered in San Diego, California, with some references to Fall River, Massachusetts, Eastern Goldfields maintains operations in South Africa and pursues opportunities in the United States. Core products and services encompass gold mining, property exploration, development, and production activities, including ore extraction and processing from greenstone belt deposits. In September 2025, the company announced a Letter of Intent with Grellner Media Holdings 1, LLC, for the potential acquisition of all outstanding shares and assets of the Oklahoma-based entity, marking a strategic pivot toward media holdings diversification that supersedes prior discussions and remains subject to final terms; recent financials show trailing twelve-month revenue of US$8.52 million, gross profit of US$2.19 million, and net losses of US$3.74 million.
Company News
Eastern Goldfields, Inc. announces Letter of Intent with Grellner Media Holdings 1, LLC