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Goldsource Mines Inc., an exploration stage company, engages in exploration and development of resource properties in Canada and Guyana. It holds 100% interest in the Eagle Mountain gold project that covers an area of approximately 5,050 hectares located in central Guyana, South America. The company was formerly known as International Antam Resources Ltd. and changed its name to Goldsource Mines Inc. in February 2004. Goldsource Mines Inc. was incorporated in 1983 and is headquartered in Vancouver, Canada.

Goldsource Mines Dividend Announcement

• Goldsource Mines does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Goldsource Mines dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Goldsource Mines Dividend History

Goldsource Mines Dividend Yield

Goldsource Mines current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Goldsource Mines stock? Use our calculator to estimate your expected dividend yield:

Goldsource Mines Financial Ratios

P/E ratio-8.52
PEG ratio0.08
P/B ratio6.22
ROE-57.27%
Payout ratio0.00%
Current ratio1.15
Quick ratio1.08
Cash Ratio1.07

Goldsource Mines Dividend FAQ

Does Goldsource Mines stock pay dividends?
Goldsource Mines does not currently pay dividends to its shareholders.
Has Goldsource Mines ever paid a dividend?
No, Goldsource Mines has no a history of paying dividends to its shareholders. Goldsource Mines is not known for its dividend payments.
Why doesn't Goldsource Mines pay dividends?
There are several potential reasons why Goldsource Mines would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Goldsource Mines ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Goldsource Mines has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Goldsource Mines a dividend aristocrat?
Goldsource Mines is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Goldsource Mines a dividend king?
Goldsource Mines is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Goldsource Mines a dividend stock?
No, Goldsource Mines is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Goldsource Mines stocks?
To buy Goldsource Mines you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Goldsource Mines stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.