Diligence memo · auto-generated · as of July 2, 2026
Goldsource Mines Inc.
Goldsource Mines Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Goldsource Mines Inc. operates in Mining & Resources, based in VANCOUVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Goldsource Mines Inc. has raised $12M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.7M on 2021-05-20.
Most recent recorded round closed around 2023-05-19.
Valuation (modeled)modeled
Provath models Goldsource Mines Inc. at approximately $870K (range $345K–$2.4M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.10× the median modeled value of Series A Mining & Resources companies in 2022–2024 (40 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 3.1 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 17.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 84% of Mining & Resources peers (701 compared).
Modeled value ranks above 29% of those peers.
Closest niche peers: 360 Mining, Inc., Arizona Sonoran Copper Co Inc., Reunion Gold Corp, American Strategic Metals Corp., MERIT Mining Ohio, LLC.
Peoplefiled
19 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.