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Home CompaniesBelo Sun Mining Corp.

Belo Sun Mining Corp.

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.77 CAD 0.02 ( 2.67%)
Last update at 2026-11-04T16:35:00Z
VOLUME
338922
Market Cap
856.93M

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.75
Low
0.78
High
52 Week Price Range
0.19
Low
1.64
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.75
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.05M
Debt / Equity
0.00
ROE
-57.28%
Net Debt
-4.70M
ROCE
-73.93%
Diluted EPS TTM
-0.02

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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.		 0.02
2.67%		 0.77 - 196.08 112.50 62.19 -0.94
AEM
Agnico Eagle Mines Limited		 19.98
8.53%		 254.17 24.22 15.85 11.68 4.34 12.58
ABX
Barrick Gold Corp		 3.34
6.43%		 55.27 14.39 10.63 5.80 2.63 6.19
WPM
Wheaton Precious Metals Corp		 14.18
8.62%		 178.72 43.69 24.75 38.06 7.39 31.65
FNV
Franco-Nevada Corporation		 17.91
5.66%		 334.46 42.91 30.30 36.18 6.45 28.34

Profile*

Belo Sun Mining Corp.

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.

198 Davenport Road, Toronto, ON, Canada, M5R 1J2

416 309 2137

https://www.belosun.com

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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