Belo Sun Mining

BSXGF

Gold · Basic Materials

Price

$0.83

+0.07 (+9.38%)

Market Cap

$461.4M

Exchange

Other OTC

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+3.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 455.1M (2021) → 468.8M (2025)

Belo Sun Mining Corp is a Canadian mining company focused on developing a large gold project in Brazil. Its main asset is the Volta Grande Gold Project, located in the state of Pará in the Amazon region. The company has not yet started producing gold — it is still in the development and permitting stage, making it an exploration and development-stage miner.

Belo Sun does not currently generate revenue from selling gold, which explains its 0% margins and negative returns on capital. The company funds its operations by raising money from investors through stock offerings and other financing. Its biggest challenge is obtaining the environmental and indigenous community permits required by Brazilian regulators before construction can begin. The key risk is that permitting delays, legal challenges from indigenous groups, or changes in Brazilian environmental policy could significantly delay or prevent the project from ever reaching production.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+21.2% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$0/ year

Research and development spending

Insider Activity

27.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 years

$43M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$43M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

N/A

—

Data not available

Operating Margin

N/A

—

Data not available

ROCE

-5.4%

Weak — -5.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

N/A

—

Data not available

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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