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GOLDSOURCE MINES INC - $GXSFF STOCK NEWS

Welcome to our dedicated page for GOLDSOURCE MINES news (Ticker: $GXSFF), a resource for investors and traders seeking the latest updates and insights on GOLDSOURCE MINES stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GOLDSOURCE MINES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GOLDSOURCE MINES's position in the market.

News
Mako Mining to Acquire Goldsource Mines Creating a Scalable Diversified Gold Producer with a Platform for Growth
Rhea-AI Summary
Mako Mining Corp. and Goldsource Mines Inc. have entered into an arrangement agreement for Mako to acquire all of Goldsource's issued shares. The transaction will combine Mako's Nicaraguan gold operations with Goldsource's Eagle Mountain Gold Project in Guyana, creating a company with enhanced growth potential, proven management teams, and district-scale exploration opportunities. Key highlights include geographic diversification, leveraging of engineering teams, robust free cash flow generation, and geological similarities between assets. The transaction is expected to create value for both Mako and Goldsource shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.72%
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acquisition
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Goldsource Announces Filing of NI 43-101 Technical Report for the Eagle Mountain Gold Project
Rhea-AI Summary
Goldsource Mines Inc. announces the filing of an independent technical report for the Eagle Mountain Gold Project in Guyana, supporting the results of the preliminary economic assessment. The report is in compliance with NI 43-101 standards and confirms the information previously disclosed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
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none
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Goldsource Announces Positive Preliminary Economic Assessment for the Eagle Mountain Gold Project; After-Tax IRR of 57% and NPV5% of US$292 Million
Rhea-AI Summary
Goldsource Mines Inc. has announced the results of a Preliminary Economic Assessment for the Eagle Mountain Gold Project in Guyana, South America. The assessment shows strong after-tax returns on capital and free cash flow, with an after-tax IRR of 57% and after-tax NPV5% of US$292 million at a base-case gold price of US$1,850 per ounce. The Project has a 15-year mine life with a quick payback period and an average annual gold production of 66,500 ounces for 15 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.76%
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none
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Goldsource Provides Update on Upcoming Preliminary Economic Assessment and Comments on the Border Controversy Between Guyana and Venezuela
Rhea-AI Summary
Goldsource Mines Inc. (TSXV: GXS) (OTCQX: GXSFF) (FSE: G5MA) provides an update on the planned Preliminary Economic Assessment for the Company's 100%-owned Eagle Mountain Gold Project in Guyana. The PEA considers a low-capex phased development plan, with a modest delay in release. The Company anticipates receiving the PEA results in January 2024, based on the 2022 Mineral Resource Estimate of 1,183,000 oz of gold in Indicated Resources and 582,000 oz of gold in Inferred Resources. The Company will be participating in industry conferences in the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.53%
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Goldsource Announces Stock Option Grant
Rhea-AI Summary
Goldsource Mines Inc. (GXS) grants 1,825,000 stock options under its Stock Option Plan at $0.29 per share, expiring December 1, 2028.
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Goldsource Provides Update on Engineering and Exploration Activities for Eagle Mountain; Drilling Intersects 9.1 m (ETW) Grading 4.41 gpt at the Soca Prospect
Rhea-AI Summary
Goldsource Mines provides update on engineering and exploration activities for Eagle Mountain Gold Project in Guyana. Preliminary Economic Assessment (PEA) progressing well, results expected in Q4 2023. Improved balance sheet after $2.7 million equity financing. Exploration program to include generative work and drilling. PEA based on April 2022 Mineral Resource Estimate of 1,183,000 oz of gold in Indicated Resources and 582,000 oz of gold in Inferred Resources. Engineering activities consider low-capex phased development plan. Generative exploration program expanded. Significant drill intercepts at Soca and South Ann prospects.
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Goldsource Announces Stock Option Grant
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Goldsource Announces 2023 AGM Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
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GOLDSOURCE MINES INC

OTC:GXSFF

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GXSFF Stock Data

29.52M
57.12M
2.95%
11.37%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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