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Belo Sun Mining Corp, through its subsidiaries, operates as a gold exploration and development company in Brazil. Its principle asset is the 100% owned Volta Grande Gold project consisting of four mining concession applications, 7 exploration permits, 64 exploration permits extension submitted, and 4 ratification submitted covering a total area of 157.352 hectares located in the northern region of Pará State, Brazil. The company was formerly known as Verena Minerals Corporation and changed its name to Belo Sun Mining Corp in July 2010. Belo Sun Mining Corp was incorporated in 1996 and is headquartered in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Belo Sun Mining Corp. is a Canadian mineral development company advancing the Volta Grande gold project in Pará, Brazil. Major long-term growth drivers include conversion of its resource base to production, exploration upside around the project and sensitivity to gold prices. Investors may find the company attractive for its large-scale development-stage asset and leverage to higher bullion levels.
Material risks include significant permitting and environmental opposition, indigenous and legal challenges in Brazil, the need for substantial external financing to reach production, and sensitivity to political and commodity-price volatility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -9.79M | -7.29M | -10.72M | -13.35M | -6.20M |
| Net income | -9.79M | -7.29M | -10.72M | -14.72M | -6.00M |
| Selling general administrative | 8.51M | 1.48M | 1.31M | 11.39M | 6.60M |
| Selling and marketing expenses | - | 6.04M | 5.02M | - | - |
| Gross profit | -0.04M | -0.04M | -0.14M | -0.05M | -0.06M |
| Reconciled depreciation | 0.04M | 0.04M | 0.14M | 0.05M | 0.06M |
| Ebit | -10.32M | -7.29M | -10.72M | -14.07M | -6.44M |
| Ebitda | -10.28M | -7.25M | -10.57M | -11.93M | -6.12M |
| Depreciation and amortization | 0.04M | 0.04M | 0.14M | 2.14M | 0.32M |
| Operating income | -10.35M | -7.56M | -11.78M | -14.07M | -6.44M |
| Other operating expenses | 10.35M | 7.56M | 11.78M | 12.70M | 6.41M |
| Interest expense | - | 0.54M | 0.00M | 0.00M | 0.00M |
| Interest income | 0.55M | 0.80M | 1.06M | 0.72M | 0.24M |
| Net interest income | 0.55M | 0.80M | 1.06M | 0.72M | 0.23M |
| Income tax expense | - | - | 0.00M | 1.37M | -0.21M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 10.31M | 7.52M | 6.32M | 12.65M | 6.35M |
| Cost of revenue | 0.04M | 0.04M | 0.14M | 0.05M | 0.06M |
| Total other income expense net | 0.56M | 0.27M | 1.06M | 0.72M | 0.23M |
| Net income from continuing ops | -9.79M | -7.29M | -10.72M | -13.35M | -6.20M |
| Net income applicable to common shares | - | -7.29M | -10.72M | -13.35M | -6.20M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 15.92M | 23.34M | 26.81M | 36.74M | 48.40M |
| Other current assets | 0.07M | - | 0.12M | 0.04M | 0.07M |
| Total liab | 1.96M | 3.11M | 1.72M | 1.50M | 1.85M |
| Total stockholder equity | 13.96M | 20.23M | 25.09M | 35.24M | 46.55M |
| Other current liab | 0.31M | - | 1.30M | 1.19M | 1.60M |
| Common stock | 264.73M | - | 262.77M | 262.77M | 262.77M |
| Capital stock | 264.73M | 263.93M | 262.77M | 262.77M | 262.77M |
| Retained earnings | -256.97M | -248.98M | -243.38M | -232.69M | -219.37M |
| Other assets | - | - | 0.00M | 1.63M | 1.96M |
| Cash | 4.70M | 10.88M | 15.10M | 17.58M | 23.96M |
| Cash and equivalents | - | - | - | 1.65M | 1.42M |
| Total current liabilities | 1.96M | 3.11M | 1.72M | 1.50M | 1.85M |
| Net debt | -4.70M | - | -15.10M | -17.58M | -23.94M |
| Short term debt | - | - | - | 0.01M | 0.02M |
| Short long term debt total | - | - | - | 0.01M | 0.02M |
| Other stockholder equity | 4.42M | - | 0.07M | 3.44M | 2.52M |
| Property plant equipment | - | - | - | 16.22M | 18.24M |
| Total current assets | 4.90M | 11.35M | 15.59M | 18.36M | 28.21M |
| Long term investments | 0.17M | 0.59M | 0.64M | 0.54M | 0.43M |
| Net tangible assets | - | - | - | 35.24M | 46.55M |
| Net receivables | 0.12M | 0.03M | 0.36M | 0.69M | 4.17M |
| Accounts payable | 0.42M | 0.34M | 0.42M | 0.30M | 0.23M |
| Accumulated other comprehensive income | 1.78M | - | 5.63M | 1.72M | 0.63M |
| Non currrent assets other | - | - | -0.00M | 1.63M | 1.52M |
| Non current assets total | 11.02M | 11.99M | 11.22M | 18.38M | 20.20M |
| Capital lease obligations | - | - | 0.00M | 0.01M | 0.02M |
| Long term debt total | - | - | - | 0.00M | 0.01M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.39M | -0.01M | 1.90M | 3.53M | -0.00M |
| Change to liabilities | - | - | - | -0.34M | -1.78M |
| Total cashflows from investing activities | 0.36M | -0.01M | 1.90M | 3.53M | -0.00M |
| Net borrowings | - | 0.00M | -0.01M | -0.02M | -0.02M |
| Total cash from financing activities | -0.01M | 1.16M | -0.01M | -0.12M | -0.02M |
| Change to operating activities | - | - | - | 0.07M | -0.13M |
| Net income | -9.79M | -7.29M | -10.72M | -13.35M | -6.20M |
| Change in cash | -6.18M | -4.22M | -2.48M | -6.38M | -6.04M |
| Begin period cash flow | 10.88M | 15.10M | 17.58M | 23.96M | 30.01M |
| End period cash flow | 4.70M | 10.88M | 15.10M | 17.58M | 23.96M |
| Total cash from operating activities | -6.59M | -5.24M | -4.62M | -9.89M | -5.89M |
| Issuance of capital stock | 0.00M | 1.17M | 0.00M | - | - |
| Depreciation | 0.04M | 0.04M | 0.14M | 0.05M | 0.06M |
| Other cashflows from investing activities | 0.01M | - | 0.32M | 3.55M | 0.01M |
| Change to account receivables | - | 0.02M | -0.01M | - | - |
| Sale purchase of stock | - | 1.17M | 0.00M | -0.10M | 0.00M |
| Other cashflows from financing activities | -0.01M | -0.01M | -0.01M | 3.53M | -0.00M |
| Change to netincome | - | - | - | 3.69M | 2.17M |
| Capital expenditures | 0.04M | 0.01M | 0.04M | 0.02M | 0.02M |
| Change in working capital | -0.81M | 1.41M | 0.21M | -0.27M | -1.91M |
| Stock based compensation | 4.07M | 0.21M | 0.94M | 1.04M | 1.97M |
| Other non cash items | -0.10M | 0.39M | 4.79M | 2.64M | 0.19M |
| Free cash flow | -6.63M | -5.25M | -4.67M | -9.90M | -5.90M |
Sector: Basic Materials Industry: Gold
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|
| BSX Belo Sun Mining Corp. |
0.05 7.25% |
0.74 | - | 196.08 | 112.50 | 62.19 | -0.94 |
| AEM Agnico Eagle Mines Limited |
-4.41 1.85% |
234.00 | 24.22 | 15.85 | 11.68 | 4.34 | 12.58 |
| ABX Barrick Gold Corp |
-1.21 2.28% |
51.89 | 14.39 | 10.63 | 5.80 | 2.63 | 6.19 |
| WPM Wheaton Precious Metals Corp |
-2.52 1.51% |
164.32 | 43.69 | 24.75 | 38.06 | 7.39 | 31.65 |
| FNV Franco-Nevada Corporation |
-4.09 1.27% |
316.85 | 42.91 | 30.30 | 36.18 | 6.45 | 28.34 |
Belo Sun Mining Corp, through its subsidiaries, operates as a gold exploration and development company in Brazil. Its principle asset is the 100% owned Volta Grande Gold project consisting of four mining concession applications, 7 exploration permits, 64 exploration permits extension submitted, and 4 ratification submitted covering a total area of 157.352 hectares located in the northern region of Pará State, Brazil. The company was formerly known as Verena Minerals Corporation and changed its name to Belo Sun Mining Corp in July 2010. Belo Sun Mining Corp was incorporated in 1996 and is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Mark Price Eaton | Exec. Chairman | 1964 |
| Mr. Peter W. Tagliamonte M.B.A., MBA, P.Eng. | Pres, CEO & Director | 1962 |
| Mr. Ryan Jeffery Ptolemy CFA, CGA, CPA | Chief Financial Officer | 1976 |
| Mr. Ian A. Pritchard | Chief Operating Officer | 1961 |
| Mr. Joseph C. Milbourne P.Eng., FAusIMM | VP of Technical Services | NA |
| Mr. Stephane Amireault B.Eng, MScA, P.Eng, P.Eng. | VP of Exploration | 1965 |
| Mr. Neil Said | Corp. Sec. | 1979 |
| Mr. Mark Price Eaton | Executive Chairman | 1964 |
| Ms. Ayesha Hira C.F.A. | Interim President, CEO & Director | 1973 |
| Mr. Ryan Jeffery Ptolemy C.F.A., CPA, CGA | Chief Financial Officer | 1976 |
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