Thu, May 15, 3:23 PM (34 days ago)
**Golden Star Resource Corp. (GSRC) Q1 2025 Financial Summary** **Financial Health:** - **Cash Position:** $5,000 (down from $13,000 in Q4 2024). - **Total Assets:** $7,255,000 (up from $2,813,000 in Q4 2024). - **Total Liabilities:** $877,818,000 (up from $821,854,000 in Q4 2024). - **Stockholders' Deficit:** $870,563,000 (up from $819,041,000 in Q4 2024). **Performance Metrics:** - **Revenue:** $0 (no revenue generated). - **Operating Expenses:** $51,523,000 for Q1 2025 (up from $34,850,000 in Q1 2024). - **Net Loss:** $51,523,000 for Q1 2025 (up from $34,850,000 in Q1 2024). - **Loss per Share:** $0.01 for Q1 2025 (up from $0.00 in Q1 2024). **Cash Flow:** - **Operating Cash Flow:** -$41,995,000 for Q1 2025 (down from -$34,048,000 in Q1 2024). - **Financing Cash Flow:** $41,986,000 for Q1 2025 (up from $34,045,000 in Q1 2024). **Earnings Changes:** - **Quarterly Loss Increase:** The net loss increased by $16,673,000 compared to Q1 2024. **Trends and Uncertainties:** - **Going Concern:** Significant doubt about the company's ability to continue as a going concern due to working capital deficit and accumulated losses. - **Funding:** Reliant on additional equity financing to meet obligations and maintain operations. - **Exploration:** No exploration activities due to lack of funds. Future plans depend on raising sufficient capital. **Future Operations Impact:** - **Capital Requirements:** Needs additional funds to complete the development of properties and enter the development stage. - **Market Risks:** Subject to risks inherent in the mining industry, including regulatory changes and market conditions. **Ticker:** GSRC